~300
50
61%
11
18
~5000
We build custom portfolios to meet each client’s unique needs and goals, all in pursuit of outperformance.
senior investment professionals
average years industry experience of senior investment professionals
manager meetings per year
years of investment innovation
of our executive leaders are women
global offices
600+
Clients with assets committed to private investments
$15B
Average annual private equity and venture capital commitments since 2010
$296B
Capital committed to private equity by CA clients since 1980
$107B
Capital committed to venture capital by CA clients since 1980
How We Invest
Assets Under Advisement/Management
CASH
$19B
AUA/AUM
AUM (Discretionary)
AUA (Advisory)
Why CA
With Cambridge Associates, clients get the best of both big and small investment firms: access to the deep resources of a global firm and the personal-touch feeling of a boutique.
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Services
Private clients
Since the early 1980s, we have been forging deep partnerships and building custom portfolios to help individuals, families, and family offices grow their wealth and fulfill their personal goals.
Our pension practice couples pension and investment expertise with extensive experience across organization types, markets, regulatory frameworks, asset pools, and plan types.
Pensions
Clients
We continue to be a market leader in the E&F segment, creating a strong community that benefits from our thorough understanding of investment best practices, robust peer insights, and decades of experience serving institutional clients.
Endowments, foundations, & healthcare
For 50 years, Cambridge Associates has been a leading voice in building institutional-quality portfolios for endowments, foundations, pensions, and private clients.
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Total portfolios
Asset class mandates
We manage total portfolios on either a discretionary (OCIO) or advisory basis.
We also manage asset class mandates for clients
—typically some mix of buyout, venture capital,
growth equity, private credit, infrastructure, and
other private investment strategies.
Our robust private investments platform is built on significant resources and history to help us consistently find and access investments with the potential to outperform.
As June 30, 2023. “Assets under advisement” includes clients worldwide that utilize the firm for portfolio advice or management and receive performance reporting from Cambridge Associates. Some clients have multiple accounts overseen by CA; all accounts that meet the prior definition are included in AUA/AUM calculations. In some instances, clients may include assets for which Cambridge Associates reports performance but does not provide investment advice. For clients without final June 30, 2023 data available, assets from the prior quarter were substituted. “Regulatory Assets under Management,” as reported in our Form ADV Part 2A, is based on a narrower set of criteria as defined by the US Securities and Exchange Commission; based on this definition, we report $269.8 billion for Cambridge Associates, LLC clients. Various industry surveys define “assets under advisement” differently, and we may report figures to such publications that are different than the numbers provided in this response. We are happy to provide further explanation and reconciliation of reported assets under advisement/management upon request.
AUA/AUM
AUA (ADVISORY)
Copyright © 2023 Cambridge Associates LLC. All Rights Reserved.
Clients
Services
How We Invest
Corporate Social Responsibility
Why CA
ACCESS
Our deep relationships in the investment industry help our sophisticated client base access sought-after funds and provide fund managers with a strong and consistent source of capital.
Our high-touch investment approach ensures that each client’s portfolio risk level aligns with their long-term objectives.
PARTNERSHIP
Our investment team has deep experience in each client segment and specialists in private investments, SII, and diverse manager investing to help deliver the specific outcomes
our clients seek.
EXPERTISE
With no other business agendas competing for our best ideas, our investment decisions are motivated solely by our clients’ interests.
ALIGNMENT
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Our ongoing commitment to diversity, equity, and inclusion helps to ensure that people with diverse backgrounds, ethnicities, and life experiences join and then thrive in our firm and our industry.
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Promoting diversity, equity, and inclusion
Promoting diversity, equity, and inclusion
We are committed to preserving and creating opportunity for future generations by applying our time, talent, and expertise to building more sustainable and nurturing communities.
Sustaining community
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Sustaining community
Corporate Social Responsibility
We believe it is our mission and obligation to create opportunity and support success in the communities where we work.
We do this through two areas of focus:
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Our institutional and private clients typically have assets greater than $125 million.
LONG ONLY
$258B
PRIVATE INVESTMENTS
$209B
HEDGE FUNDS
$84B
PRIVATE INVESTMENTS $17B
LONG ONLY $41B
HEDGE FUNDS $11B
CASH $3B
LONG ONLY
$216B
HEDGE FUNDS
$73B
CASH
$16B
PRIVATE INVESTMENTS $191B
$72B
$497B
$569B
Private Investments
Sustainable & Impact Investing
Diverse Manager Investing
600
Clients with assets committed to private investments
450+
Clients with SII products in their portfolios
SII products tracked in our database
1900+
400+
SII products in our clients' portfolios
At Cambridge Associates, our SII team is embedded in our global research platform to source and evaluate sustainability and impact
across all asset classes. We also include environmental, social, and governance (ESG) considerations for those investments that
go through our rigorous diligence process.
600
Clients with assets committed to private investments
of clients with at least one diverse investment in their portfolio
60%
2000+
Diverse manager products tracked in our database
470+
Meetings with diverse managers in 2022
We focus on getting the right managers within our investment pipeline and applying an equitable underwriting process to those managers. We also include diversity considerations in every step of our due diligence process. Our ratings committees across asset classes examine the diversity of the fund’s ownership and leadership team, as well as the organization’s overall approach to diversity, as integral components of the fund’s evaluation for investment.
We build custom portfolios that aim to outperform over the long term, harnessing
a world-class network of global managers. Our custom approach means that the portfolios we build for our clients are carefully calibrated to their investment goals,
risk tolerance, and values, helping us realize each portfolio’s greatest potential.
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Promoting diversity, equity, and inclusion
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Our ongoing commitment to diversity, equity, and inclusion helps to ensure that people with diverse backgrounds, ethnicities, and life experiences join and then thrive in our firm and our industry.
Promoting diversity, equity, and inclusion
Visit our website
Explore two areas of specialized expertise:
AUA (ADVISORY)
As of June 30, 2023. The terms “CA" or “Cambridge Associates" may refer to any one or more of seven investment affiliates that were established for the sole purpose of providing our investment services in various regulatory jurisdictions around the globe: Cambridge Associates, LLC; Cambridge Associates Limited; Cambridge Associates GmbH; Cambridge Associates Asia Pte Ltd; Cambridge Associates Limited, LLC; Cambridge Associates Investment Consultancy (Beijing) Ltd; and Cambridge Associates (Hong Kong) Private Limited. These entities serve our clients from our US, London, Munich, Singapore, Sydney, Beijing, and Hong Kong office locations, respectively. Each of the affiliates has full access to all of CA’s investment resources.
[1] Senior investment professionals are those with a business title of Director or above. Industry experience may include investment-related work or support roles within financial services or investment offices.
[2] Represents five-year average of manager meetings for 2018–2022.
It may also include experience gathered through temporary work such as internships.
1
1
2
1
1
As of June 30, 2023. The number of managers and investments shown includes client-directed investments where Cambridge Associates has not conducted full investment evaluation.
As of December 31, 2022. The terms "CA" or "Cambridge Associates" may refer to any one or more of seven investment affiliates that were established for the sole purpose of providing our investment services in various regulatory jurisdictions around the globe: Cambridge Associates, LLC; Cambridge Associates Limited; Cambridge Associates GmbH; Cambridge Associates Asia Pte Ltd; Cambridge Associates Limited, LLC; Cambridge Associates Investment Consultancy (Beijing) Ltd; and Cambridge Associates (Hong Kong) Private Limited. These entities serve our clients from our US, London, Munich, Singapore, Sydney, Beijing, and Hong Kong office locations, respectively. Each of the affiliates has full access to all of CA’s investment resources.
[1] Senior investment professionals are those with a business title of Director or above. Industry experience may include investment-related work or support roles within financial services or investment offices.
[2] Represents five-year average of manager meetings for 2018–2022.
As of June 30, 2023.
As of December 31, 2022. The number of managers and investments shown includes client-directed investments where Cambridge Associates has not conducted full investment evaluation.
As of June 30, 2023.
As of June 30, 2023.The number of managers and investments shown includes client-directed investments where Cambridge Associates has not conducted full investment evaluation.
As of December 31, 2022. The number of managers and investments shown includes client-directed investments where Cambridge Associates has not conducted full investment evaluation.