Cambridge Associates

Global investment firm known for custom portfolios, outsourced CIO services, and deep private-markets research.

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Highlights

Founded 1973

Launched by Jim Bailey and Hunter Lewis in June 1973.

$667B AUA/AUM, 2025

Combined assets under advisement and management as of December 31, 2025.

1,400+ professionals

Firm-wide figure cited in the CEO biography.

14 global offices

Cambridge Associates describes its operating footprint as 14 offices worldwide.

2,450+ fund managers and 10,375+ funds

Coverage in the Cambridge Associates private-investment benchmark database.

600 clients with private-investment commitments

Reported as of December 31, 2025.

About Cambridge Associates

Founded in June 1973 by Jim Bailey and Hunter Lewis, Cambridge Associates is headquartered in Boston and serves institutional and private clients globally. Its client base includes endowments, foundations, pensions, healthcare systems, family offices, and other institutional investors.

The firm provides discretionary outsourced-CIO services, investment advisory work, portfolio construction, asset allocation, manager selection, and asset-class mandates across public and private markets. It can either act as a client's fully resourced investment office or complement an existing internal team.

Cambridge Associates is particularly strong in private investments, including private equity, venture capital, private credit, real assets, co-investments, and secondaries. Its private-investment benchmarking business is also widely used for performance measurement and manager research, with data covering thousands of funds and managers.