The financial information provider and global investment firm have collaborated on a jointly-developed online platform to provide benchmark pricing on a range of alternative funds.
The new benchmarks, made available to subscribers of Thomson Reuters' Eikon, will cover buy-out, venture capital, and real estate funds as well as growth equity, fund of funds, secondaries, mezzanine, energy, and distressed debt. Geographically, it will also cover Asia-Pacific, Latin America and Caribbean, Canada, Middle East and Africa.
The aggregated private fund performance dataset and statistics from Cambridge, which include over 1,600 fund managers and 5,600 funds globally, will be available upon release of benchmarks in August 2014. Meanwhile, the investment firm will continue to provide its private benchmark information directly to its own clients via internal systems.
"This jointly-developed benchmarking system will serve as a perfect companion to Thomson Reuters own private equity and venture capital fundraising, investment activity, and exits solutions," says Stephen Case, global head of deals and private equity for Thomson Reuters.
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails