Cambridge Associates recommends minimum 10% allocation of private investment commitments to secondaries

• Cambridge Associates recommends allocating at least 10% of private investment commitments to secondaries on an ongoing basis, rather than tactically.
• Its 10-year simulation projects distributions nearly 7% higher with consistent secondaries exposure than phased-out allocations, versus over 12% above primary-only portfolios.
• Reinvested distributions also produce a higher projected terminal portfolio value, supporting the case for permanent secondaries allocations.
• Annual secondary market transaction volume reached $240 billion in 2025, surpassing $200 billion for the first time.
• Secondary funds delivered median internal rates of return broadly comparable to private equity, with tighter return dispersion but lower total-value multiples.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cambridge Associates LLC published the original content used to generate this news brief on October 30, 2026, and is solely responsible for the information contained therein.