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Australian venture capitalists feast on crunched numbers


An investment consulting firm in Sydney and a national association of venture capitalists are joining forces to give members the research data they need to make investment decisions.

Under the agreement, AVCAL (Australian Private Equity & Venture Capital Association Limited) will give members access to benchmark data and statistics from Cambridge Associates, a global provider of independent research and investment advice.

Cambridge develops its private equity and venture capital benchmarks from the financial information in a proprietary database of institutional quality funds. Cambridge says it is one of the largest such data repositories in the world.

Cambridge Associates and AVCAL will issue quarterly performance data that will include Australian private equity and venture capital industry returns compared to other market indices, as well as vintage year returns and aggregate portfolio company returns by industry.

“Independent, rigorous data and analysis are at the root of sound decision making,” said Eugene Snyman, Cambridge managing director. “Accordingly, we work continuously to develop the most accurate, comprehensive data possible on private equity, venture capital and all other alternative asset classes.”

Katherine Woodthorpe, chief executive of AVCAL, said the association “is committed to promoting the dissemination of robust, reliable data on private equity and venture capital in Australia. After evaluating various providers of performance statistics, we were satisfied that Cambridge Associates had the necessary expertise, local knowledge and global track record to meet this objective.”

Cambridge will provide the data to AVCAL as a service to the association’s members and to the global private equity and venture capital industries. The company has a similar relationship in the United States with the National Venture Capital Association (NVCA), for which Cambridge provides quarterly U.S. venture capital benchmark data.

The company also has a relationship to provide benchmark data to Emerging Markets Private Equity Association (EMPEA). Cambridge also has played a leading role in the International Financial Institutions Emerging Markets Private Equity Benchmarking Project.

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