Venture capital returned 4.9% in the three months ended March 31, as measured by the Cambridge Associates Venture Capital index. The index outpaced the Russell 2000 by 380 basis points and the large-cap Russell 1000 by 290 basis points.
By subindex, multistage funds posted the highest returns in the quarter at 5.7%. Over 10 years, the U.S. Growth Equity index had the highest annualized returns at 13.6%
In a press release, Peter Mooradian, managing director of venture capital at Cambridge, said “we continue to see a sustained increase in the venture capital index returns across nearly all time periods. The 10-year index reached 10% in March, the first time that index has been in double-digit positive territory since 2009 and a nice recovery from its low point of -4.6% in the third quarter of 2010.”