Cambridge Associates to join hands with APREA
14 January 2013
By Asia Asset Management
The Asia Pacific Real Estate Association (APREA) is partnering with Cambridge Associates to provide extensive, independent Asia Pacific real estate investment performance data to suppliers and users of capital in the property sector.
As part of the strategic partnership, APREA will give its members access to aggregate private real estate fund benchmark data and statistics based on the performance of managers in the Asia Pacific region. Cambridge Associates, a global provider of independent research and investment advice, will derive the real estate investment benchmarks from financial information in its proprietary database of institutional-quality private real estate funds, one of the largest such data repositories in the world.
Cambridge has established benchmarks for the a range of alternate asset classes including real estate, natural resources, distressed, fund of funds and secondary funds asset classes. In addition, Cambridge currently provides private equity (PE) and venture capital (VC) benchmark data including: US and Global (ex US) Developed Markets (PE) and (VC) benchmarks; Global Emerging Markets PE & VC benchmarks and Australian PE & VC benchmarks. Cambridge will soon be releasing Greater China, Africa, India, and New Zealand PE & VC.
“One of the reasons for APREA’s establishment many years ago was to address the insufficiency of quality information about the Asian real estate markets. A central aim is to increase transparency through the compilation and dissemination of performance benchmarks and this collaboration with Cambridge Associates to provide regular updates on private fund performance demonstrates APREA's commitment to the industry. We are delighted to be working with Cambridge Associates on such an important initiative,” said Lim Swe Guan, chairman of The Asia Pacific Real Estate Association.
“We are always working to expand research coverage and create new benchmarks that can serve as valuable tools to both investors and managers. The real estate sector is a priority; our goal is to provide the most representative and robust global real estate benchmarks. Accordingly, we are delighted to be working closely with APREA to support its continuing efforts to promote greater transparency, maturity and institutionalisation of the Asian real estate industry and best practices,” added Richard Carson, director of benchmark services at Cambridge Associates.
Cambridge Associates and APREA plan to issue quarterly performance data, which will include Asia Pacific private real estate fund returns compared to other market indices. Returns data will be aggregated to protect the confidentiality of individual funds and their underlying portfolio investments.
Cambridge Associates will provide the data to APREA as a service to its members and the global real estate investment industry overall.
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