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Private Credit

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The Cambridge Associates Private Credit Index contains the historical performance records of 180+ private investment fund managers and 818 institutional-quality funds raised between 1986 and 2025. These funds have a total capitalization of USD 886 billion.*

The report contains 9 exhibits, including:

  • Pooled horizon index returns
  • Horizon and since inception mPME analyses
  • Since inception by fund vintage year IRRs and performance multiples
  • First cash flow (“FCF”) vintage year definition - see our FAQ

*As of 30 September 2025

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