For Second Year in a Row, Energy Companies Dampened PE Index Returns; Best-Performing Sectors in Both PE and VC Were Healthcare, Software and IT.
The Cambridge Associates LLC US Private Equity Index® rose 0.5% and 5.9% for the quarter and year ending December 31, 2015. The Cambridge Associates LLC US Venture Capital Index® increased 1.6% and 12.9%, respectively, over the same periods. For comparison, for the fourth quarter and annual returns for the S&P 500 in 2015 were 7.0% and 1.4%. While energy companies held down returns for the PE Index, as they did in 2014, the annual returns of both Cambridge benchmarks were helped by the strong performances of companies in three large sectors: healthcare, software and IT.