Private Equity Returns Remain Positive

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    Returns on U.S. private equity and venture capital funds based in the U.S. remained positive in the quarter ending September 30, 2014, though both were down from their second-quarter results, says Cambridge Associates. Venture capital, benefitting from a healthy IPO market, outperformed private equity in the third quarter, while both outpaced key public market indices. Its U.S. private equity index rose 1.7 per cent in the quarter. Over the same period, the U.S. venture capital index was up 2.4 per cent. For comparison, the S&P 500 was up 1.1 per cent. The third quarter marked the ninth consecutive quarter of positive returns for the private equity benchmarks and the 12th consecutive quarter for venture capital.