Cambridge Associates’ Andrea Auerbach: ‘After 10 long quarters, we are back in positive territory for buyouts’

PE Hub ’s ongoing series of Q&As with private equity thought leaders continues here with Andrea Auerbach , the global head of private investments and a partner at Cambridge Associates .

Auerbach’s career with CA spans more than two decades. She leads a 50-person team sourcing and underwriting private equity, growth equity, distressed, and venture capital funds, as well as direct, co-investment, and secondary investment opportunities. She also heads the firm’s discretionary private investments practice. PE Hub and Buyouts profiled Auerbach in our special report, Women in Private Equity: Class of 2024.

Here, she provides insights on what to expect in PE dealmaking in 2025.

What’s your outlook for 2025?

The private markets are poised to emerge from the doldrums in 2025, with expected upticks in transaction, distribution, and fundraising activities as we move into the year.

One indication we are leaving the doldrums is CA’s analysis regarding quarterly changes in private equity valuations for more recent vintage years – after 10 long quarters, we are back in positive territory for buyouts.

Read the full interview here.