From the Wires
Cambridge Associates to Develop Asia Pacific Real Estate Performance Data in Collaboration With The Asia Pacific Real Estate Association (APREA)
By: Marketwired .
Dec. 18, 2012 08:00 PM
BOSTON, MA and SINGAPORE -- (Marketwire) -- 12/18/12 -- 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 a range of alternate asset classes including real estate, natural resources, distressed, fund of funds and secondary fund asset classes. In addition, Cambridge currently provides private equity (PE) and venture capital (VC) benchmark data including: U.S. and Global (ex U.S.) Developed Markets PE and VC benchmarks, Global Emerging Markets PE & VC benchmarks and Australian PE & VC benchmarks. Cambridge will soon be releasing benchmarks covering 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 institutionalization of the Asian real estate industry and best practices," said 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. Cambridge Associates has similar agreements with the Australian Private Equity & Venture Capital Association Limited (AVCAL), the African Venture Capital Association (AVCA), the Hong Kong Venture Capital Association (HKVCA), the Indian Private Equity and Venture Capital Association (IVCA), the New Zealand Private Equity & Venture Capital Association Inc., the National Venture Capital Association (NVCA) and the Emerging Markets Private Equity Association (EMPEA). In addition, Cambridge has a similar agreement with the Institutional Limited Partners Association (ILPA). These relationships are part of Cambridge's commitment to continually expand its coverage of global alternative asset sectors.
About The Asia Pacific Real Estate Association
The Asia Pacific Real Estate Association (APREA) is a non-profit industry association that represents and promotes the real estate asset class in the Asia Pacific region. It is the industry body for the suppliers and users of capital in the real estate sector.
Its membership comprises real estate companies, listed real estate trusts, unlisted property funds, investment managers, investment banks, property securities fund managers, institutional investors, real estate consultants, corporate advisors, stockbrokers, investment advisors and universities.
APREA's achievements in education and information dissemination, and focus on improving the general real estate operating environment, have firmly entrenched it as the leading representative body for the industry in the region. In particular, its achievements in driving regulatory improvements within the listed real estate trust sector extend beyond existing markets and pave the way for the emergence of new markets in other Asian countries.
For additional information on APREA, please visit www.aprea.asia.
About Cambridge Associates
Founded in 1973, Cambridge Associates is a provider of independent investment advice and research to institutional investors and private clients worldwide. Today the firm serves over 900 global investors and delivers a range of services, including investment consulting, outsourced portfolio solutions, research services and tools (Research Navigatorsm and Benchmark Calculator), and performance monitoring, across all asset classes. The firm compiles the performance results for more than 5,000 private partnerships and their more than 65,000 portfolio company investments to publish its proprietary private investments benchmarks, of which the Cambridge Associates LLC U.S. Venture Capital Index® and Cambridge Associates LLC U.S. Private Equity Index® are widely considered to be among the standard benchmark statistics for these asset classes. Cambridge Associates has more than 1,000 employees serving its client base globally and maintains offices in Arlington, VA; Boston; Dallas; Menlo Park, CA; London; Singapore; Sydney; and Beijing. For more information about Cambridge Associates, please visit www.cambridgeassociates.com.
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