Cambridge Associates is a global investment firm managing endowments & foundations, pensions, healthcare systems, and private clients looking to make primarily long-term investments that is headquartered in Boston, Massachusetts and was founded in 1973 by Hunter Lewis and James Bailey. Services offered by the firm include outsourced CIO (discretionary management), non-discretionary management, staff extension, and asset class mandates. Asset classes held by the firm are co-investments, hedge funds, impact investments, private credit, private equity, public investments, real assets, and venture capital.
In the 1970's Cambridge Associates introduced several asset classes tho their clients which included US venture capital, real estate, hedge funds, US private equity, and international equity. In the 1980's the firm began investing in timber, emerging markets, distressed funds, and the oil & gas sector. In the 1990's the firm began investing in international private equity, active currency overlay, commodity funds, and private credit. In the 2000s the firm began offering investment opportunities in impact investing, distressed mortgage funds, and royalty payments. In the 2010s Cambridge Associates began offering co-investing, secondaries, and diversity investing asset classes to their clients.