New Scientific Infra & Private Assets Domain Name: We updated our domain to sipametrics.com to better align with its infraMetrics® and privateMetrics® offerings. Connections to the old domain are automatically redirected. Please whitelist sipametrics.com.
In our latest report, we show that there are numerous funds with positive total and pure alpha in 2nd or 3rd quartiles, based on IRR rankings. The IRR quartiles can mischaracterise the performance of GPs that have delivered positive alpha. . . .
Our latest white paper explores different benchmarking methods to assess private asset fund performance using a large dataset of fund cash flow and NAV data and finds that most fund returns come from market performance not manager skill, that traditional benchmarking methods are flawed, and that Private Market Equivalents (PtME) provide the best benchmarking approach. . . .
Our latest report finds that while the Value Bridge Analysis, a tool used by private market investors to evaluate investments and fund returns, may be arithmetically accurate, it offers limited insight into whether the fund manager demonstrated skill and generated alpha. . . .
Private Equity EBITDA Multiples (unadjusted) by Segment and Region
15.02x
0.04
Manufacturing
 Jan 2025
16.28x
-0.27
Europe
 Jan 2025
16.09x
-0.79
Private2000
 Jan 2025
16.06x
-1.15
United States
 Jan 2025
18.37x
-0.01
Education & public
 Jan 2025
20.81x
-0.01
Real estate and construction
 Jan 2025
16.3x
-1.06
Asia
 Jan 2025
15.27x
0.31
Hospitality and entertainment
 Jan 2025
24.45x
-0.24
Health
 Jan 2025
24.55x
-0.04
Transportation
 Jan 2025
20.7x
0.13
Information and communication
 Jan 2025
20.67x
0.66
Financials
 Jan 2025
17.6x
0.37
Professional and other services
 Jan 2025
18.22x
0.3
Retail
 Jan 2025
17.81x
0.19
Natural resources
 Jan 2025
3249.21
 USD
1.45%
Infra100® Core+, VW USD
 Feb2025
4286.66
 USD
1.17%
Infra100® Eurozone, VW USD
 Feb2025
6283.32
 USD
1.63%
Infra100® Global, VW USD
 Feb2025
11102.19
 USD
1.5%
Infra100® Project Finance, VW USD
 Feb2025
2640.61
 USD
1.18%
Infra100® Core, VW USD
 Feb2025
1731.33
 USD
1.15%
Infra300® Debt, VW USD
 Feb2025
1285.37
 USD
1.06%
InfraGreen® Debt, VW USD
 Feb2025
1447.61
 USD
1.6%
Infra100® EUR-denominated Debt, VW USD
 Feb2025
6407.74
 USD
1.6%
infra300®, VW USD
 Feb2025
8022.60
 USD
1.46%
Infra100® Energy, VW USD
 Feb2025
10127.18
 USD
1.96%
Infra100® Opportunistic, VW USD
 Feb2025
4041.08
 USD
0.95%
InfraGreen® , VW USD
 Feb2025
3008.65
 USD
1.48%
Infra100® Midmarket, VW USD
 Feb2025
1389.22
 USD
1.17%
Infra100® Eurozone Debt, VW USD
 Feb2025
1710.90
 USD
1.22%
Infra100® Global Debt, VW USD
 Feb2025
1488.15
 USD
2.02%
Infra100® UK Debt, VW USD
 Feb2025
4505.00
 USD
2.27%
Infra100® UK, VW USD
 Feb2025
1492.66
 USD
2.02%
Infra100® GBP-denominated Debt, VW USD
 Feb2025
4984.34
 USD
1.75%
Infra100® Europe, VW USD
 Feb2025
1609.45
 USD
1.6%
Infra100® Europe Debt, VW USD
 Feb2025
1813.73
 USD
1.06%
Infra100® Project Finance Debt, VW USD
 Feb2025
privateMetrics® Market Indices
4525.12
 USD
0.41%
privateEurope, VW USD
 Jan 31, 2025
4928.39
 USD
0.31%
privateUS, VW USD
 Jan 31, 2025
4593.90
 USD
0.37%
private2000, VW USD
 Jan 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.
