Source: Cambridge Associates LLC Benchmark Statistics. As of June 30, 2022. Data reflects actual pooled horizon return, net of fees, expenses and carried interest for funds formed between 1986-2021. Dotted line indicates long-term horizons. The MSCI World Index captures large and mid-cap representation across 23 Developed Markets (DM) countries* With 1.511 constituents, the index covers approximately 85% of the free float-adjusted market capitalization in each country. The Cambridge Associates LLC Global Private Equity Index contains the historical performance records of 830+ private investment fund managers and 2,654 institutional quality funds raised. These funds have a total capitalization of USD $3.4 trillion as of June 30, 2022.