The National Venture Capital Association’s (NVCA) quarterly performance benchmark, the Cambridge Associates LLC U.S. Venture Capital Index®, is an end-to-end calculation of venture capital fund performance based on data compiled from nearly 1,500 U.S. venture capital funds.

1. Click to edit Master title style
• Click to edit Master text styles
– Second level
• Third level
– Fourth level
» Fifth level
The National Venture Capital Association’s (NVCA) quarterly
performance benchmark, the Cambridge Associates LLC U.S.
Venture Capital Index®, is an end-to-end calculation of venture
capital fund performance based on data compiled from nearly 1,500
U.S. venture capital funds.
Performance

2. Click to edit Master title style
• Click to edit Master text styles
– Second level
• Third level
– Fourth level
» Fifth level
2.58
4.32
6.52
11.91
4.93
2.99
0
2
4
6
8
10
12
14
Q1 2013 Q2 2013 Q3 2013 Q4 2014 Q1 2014 Q2 2014
NVCA Quarterly Performance Benchmark
Cambridge Associates LLC U.S. Venture Capital Index®
End To End Pooled Returns
Quarterly End to End Pooled
Return to Limited Partners

3. Click to edit Master title style
• Click to edit Master text styles
– Second level
• Third level
– Fourth level
» Fifth level
0
5
10
15
20
25
30
35
40
NVCA Quarterly Performance Benchmark
Cambridge Associates LLC U.S. Venture Capital Index®
Multi-Year Returns
End to End Return (%)
US Venture Capital Fund Index and
Selected Benchmark Statistics