ACCESS THE LATEST SIPA MARKET REPORTS TO FIND OUT WHICH FUNDS AND GPs OUTPERFORM THE MARKET AND HOW TO NAVIGATE THE LARGE & COMPLEX PRIVATE ASSET MARKET. FIND OUT MORE HERE
We are pleased to announce the release of Scientific Infra & Private Assets’ 2025 Private Alpha League Tables (Infrastructure Edition), a comprehensive assessment of skill-based performance in private infrastructure. . . .
Go beyond traditional analysis and unlock the true dynamics of the private equity market with the “Global Private Equities Universe” report from Scientific Infra & Private Assets. . . .
SIPA Data suggests that the underlying buyout market (Asset level) is as much as 40% below the performance reported by buyout funds. The Private2000 index reflects the latest level of transactions but exit prices are not always being reflected by the new buyers. . . .
The private2000 Index is a global benchmark tracking the performance of 2,000 unlisted private companies across 30 key markets, designed to reflect the structure and risk-return characteristics of the private equities market. . . .
The 2025 PE League Tables are out: GP ranking and rating are primarily based on their ability and tendency to generate alpha i.e., to outperform the market during the 2013-2023 period. . . .
This report uses a decade of private fund performance data in combination with the privateMetrics® market indices and benchmarks to compute the market outperformance of 600 buyout funds and their managers, as well as their ability to keep generating alpha. . . .
Private Equity EBITDA Multiples (unadjusted) by Segment and Region
13.76x
-0.03
Hospitality and entertainment
Dec 2025
17.91x
0
Information and communication
Dec 2025
10.19x
-0.12
Natural resources
Dec 2025
14.49x
0.03
United States
Dec 2025
17.34x
0.11
Asia
Dec 2025
22.09x
0.19
Health
Dec 2025
19.79x
0.03
Transportation
Dec 2025
14.1x
-0.03
Education & public
Dec 2025
15.43x
0.08
Private2000
Dec 2025
16.67x
-0.08
Retail
Dec 2025
20.61x
-0.06
Real estate and construction
Dec 2025
19.72x
0.04
Financials
Dec 2025
17.33x
-0.06
Professional and other services
Dec 2025
17.15x
0.11
Europe
Dec 2025
15.04x
-0.09
Manufacturing
Dec 2025
3743.80
USD
-0.08%
Infra100® Core+, VW USD
Dec2025
11444.50
USD
-2.31%
Infra100® Opportunistic, VW USD
Dec2025
1918.78
USD
0.37%
Infra300® Debt, VW USD
Dec2025
9434.06
USD
0.11%
Infra100® Energy, VW USD
Dec2025
5953.13
USD
0.85%
Infra100® Europe, VW USD
Dec2025
1482.40
USD
0.3%
InfraGreen® Debt, VW USD
Dec2025
5286.19
USD
1.63%
Infra100® UK, VW USD
Dec2025
7250.13
USD
-0.86%
infra300®, VW USD
Dec2025
12770.74
USD
-0.15%
Infra100® Project Finance, VW USD
Dec2025
7267.86
USD
-0.34%
Infra100® Global, VW USD
Dec2025
1685.63
USD
1.29%
Infra100® GBP-denominated Debt, VW USD
Dec2025
1888.37
USD
0.07%
Infra100® Global Debt, VW USD
Dec2025
1833.82
USD
0.83%
Infra100® Europe Debt, VW USD
Dec2025
5215.23
USD
0.39%
Infra100® Eurozone, VW USD
Dec2025
1649.42
USD
0.83%
Infra100® EUR-denominated Debt, VW USD
Dec2025
3104.10
USD
0.35%
Infra100® Core, VW USD
Dec2025
1597.17
USD
0.33%
Infra100® Eurozone Debt, VW USD
Dec2025
5207.62
USD
0.59%
InfraGreen® , VW USD
Dec2025
3582.43
USD
0.24%
Infra100® Midmarket, VW USD
Dec2025
2045.21
USD
0.08%
Infra100® Project Finance Debt, VW USD
Dec2025
1680.30
USD
1.29%
Infra100® UK Debt, VW USD
Dec2025
privateMetrics® Market Indices
4642.87
USD
1.83%
privateEurope, VW USD
Dec 31, 2025
5052.82
USD
0.19%
privateUS, VW USD
Dec 31, 2025
4458.63
USD
0.92%
private2000, VW USD
Dec 31, 2025
"The only benchmarks to compare funds with private asset markets."
SIPA market indices and benchmarks measure the risk and performance of private asset markets that are much larger than the holding of private equity and infrastructure funds. they allow for a genuine comparison of fund and manager performance against the a relevant, transparent and up-to-date benchmark.
Understand the sources of performance and alpha
When used in combination with the Direct Alpha method, the privateMetrics® benchmarks clearly discriminate between those private funds that can generate positive alpha and those that do not.
Measure the risk and the performance of private markets
privateMetrics® market indices and benchmarks are designed to capture the latest level of market prices using an advanced, AI-driven asset pricing model, providing high frequency, robust risk and performance data.
Instead of comparing funds and managers with each other in (often) weak peer groups, infraMetrics is the surest way to decide which funds and which GPs are the best at creating private asset value.
Install the privateMetrics® Add-in from Microsoft AppSource (directly from MSExcel) and access all the privateMetrics functionalities including custom benchmarks, customised comparables, fund alpha calculation, index catalogue, TICCS and PECCS taxonomies etc. Some features require a subscription.
Our Excel Add-in is a powerful way to access privateMetrics data.
Are you ready to dive deep into private markets?
Follow our Podcast on Private Market Benchmarking. New Episodes weekly.
Our Research
R&D of the EDHEC Infrastructure & Private Asset Research Institute
Since 2016, the EDHEC Infrastructure & Private Assets Research Institute has been producing research on private asset pricing, risk management, credit risk and climate risk measurement. While some of this research has now been industrialised and is distributed by our corporate arm, Scientific Infra & Private Assets, we continue to develop new applied research in the field of investment and private markets, with a focus on machine learning and language processing.
We regularly run webinars and seminars that address our data and methodologies in depth and provide current and future users of privateMetrics with the insights they need to navigate private market benchmarking. We also participate in leading industry conferences and events to engage with the wider private markets community.
In a BAI webinar on Thursday 5 February, 2026 at 11:00 CET, Abhishek Gupta, Head of Business and Product at Scientific Infra & Private Assets (SIPA), will
Event Details
In a BAI webinar on Thursday 5 February, 2026 at 11:00 CET, Abhishek Gupta, Head of Business and Product at Scientific Infra & Private Assets (SIPA), will be discussing how investors can design and use robust benchmarks for private infrastructure investing.
Benchmarks play an essential role in the investment process at all stages from asset allocation to performance monitoring and risk reporting management. Benchmarking errors or biases can lead to loss of performance, excessive risk taking, costly rebalancing and compound the denominator effect. In this webinar, we explore optimal benchmarking of private infrastructure funds, examine benchmarking best practices, and discuss how benchmarks fit within the supervisory regulatory frameworks of investors such as VAG (Solvency 1/AnlV and Solvency 2) or CRR.
Agenda
Opening & Moderation Florian Bucher, consultant and market analyst Alternative Markets, BAI
Private market benchmarks for portfolio/risk management and regulated institutional investors
How should private infrastructure funds and managers be benchmarked to provide meaningful and comparable insights for investors?
Best practices, emerging challenges, and the tools investors need to ensure benchmarking truly supports better decision-making in infrastructure investing Abhishek Gupta, SIPA Private market benchmarks in the regulatory context of CRR, Solvency 2, AnlV investors Jegor Tokarevich, SOF
In a BAI webinar on Thursday 5 February, 2026 at 11:00 CET, Abhishek Gupta, Head of Business and Product at Scientific Infra & Private Assets (SIPA), will
Event Details
In a BAI webinar on Thursday 5 February, 2026 at 11:00 CET, Abhishek Gupta, Head of Business and Product at Scientific Infra & Private Assets (SIPA), will be discussing how investors can design and use robust benchmarks for private infrastructure investing.
Benchmarks play an essential role in the investment process at all stages from asset allocation to performance monitoring and risk reporting management. Benchmarking errors or biases can lead to loss of performance, excessive risk taking, costly rebalancing and compound the denominator effect. In this webinar, we explore optimal benchmarking of private infrastructure funds, examine benchmarking best practices, and discuss how benchmarks fit within the supervisory regulatory frameworks of investors such as VAG (Solvency 1/AnlV and Solvency 2) or CRR.
Agenda
Opening & Moderation Florian Bucher, consultant and market analyst Alternative Markets, BAI
Private market benchmarks for portfolio/risk management and regulated institutional investors
How should private infrastructure funds and managers be benchmarked to provide meaningful and comparable insights for investors?
Best practices, emerging challenges, and the tools investors need to ensure benchmarking truly supports better decision-making in infrastructure investing Abhishek Gupta, SIPA Private market benchmarks in the regulatory context of CRR, Solvency 2, AnlV investors Jegor Tokarevich, SOF
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