Cambridge Associates' U.S. Venture Capital index was down 7.7% for the quarter ended March. 31, compared with -6.2% in the previous quarter. In comparison, the S&P 500 index returned 0.28% for the first quarter, and the Nasdaq composite index returned -5.39%. For the year ended March 31, the U.S. Venture Capital index returned -33.3%, well below the 0.2% return posted by the S&P 500 and 0.3% for Nasdaq in the same period.
Separately, Cambridge's proprietary U.S. Private Equity index returned -0.6% for the quarter ended March 31, down slightly from the previous quarter's return of -0.1%. Its net return for the year ended March 31 was -6.9%.
