Data is still somewhat scarce.
The benchmark was launched with 51 funds that began deploying capital in the years between 1998 and 2010. The funds in the benchmark held assets of $6.4 billion, a fraction of the $293 billion amassed by 705 funds in the comparable universe.
“We recognize that this is an industry that’s still developing and a lot of funds haven’t exhibited realized returns yet,” said Jessica Matthews, managing director and head of Cambridge’s mission-related investing group. She’s hopeful that the dataset will become more robust and statistically significant over time.