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
Meet our CEO for a short conversation on bringing transparent, market-based measurement to private infrastructure, and discover how our market-referenced, transaction-based monthly indices and benchmarks separate market return from manager skill. . . .
Benchmark private infrastructure debt with transaction-based indices, updated monthly. Get clear performance and risk insights by exploring our index catalog. . . .
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. . . .
Private Equity EBITDA Multiples (unadjusted) by Segment and Region
17.59x
0.31
Professional and other services
Jan 2026
17x
0.09
Europe
Jan 2026
13.67x
-0.16
Hospitality and entertainment
Jan 2026
10.45x
0.12
Natural resources
Jan 2026
14.48x
-0.23
United States
Jan 2026
19.74x
-0.04
Financials
Jan 2026
18.18x
0.27
Information and communication
Jan 2026
21.1x
0.33
Real estate and construction
Jan 2026
19.49x
-0.43
Transportation
Jan 2026
17.71x
0.31
Asia
Jan 2026
15.43x
-0.1
Private2000
Jan 2026
16.81x
0.18
Retail
Jan 2026
22.2x
-0.32
Health
Jan 2026
14.97x
-0.01
Manufacturing
Jan 2026
13.49x
0.01
Education & public
Jan 2026
1952.89
USD
1.78%
Infra300® Debt, VW USD
Jan2026
13132.12
USD
2.83%
Infra100® Project Finance, VW USD
Jan2026
3174.27
USD
2.26%
Infra100® Core, VW USD
Jan2026
7422.56
USD
2.38%
infra300®, VW USD
Jan2026
1521.75
USD
2.65%
InfraGreen® Debt, VW USD
Jan2026
1916.77
USD
1.5%
Infra100® Global Debt, VW USD
Jan2026
9669.43
USD
2.49%
Infra100® Energy, VW USD
Jan2026
5367.38
USD
2.92%
Infra100® Eurozone, VW USD
Jan2026
11826.63
USD
3.34%
Infra100® Opportunistic, VW USD
Jan2026
1683.40
USD
2.06%
Infra100® EUR-denominated Debt, VW USD
Jan2026
3828.10
USD
2.25%
Infra100® Core+, VW USD
Jan2026
2087.33
USD
2.06%
Infra100® Project Finance Debt, VW USD
Jan2026
7447.66
USD
2.47%
Infra100® Global, VW USD
Jan2026
5347.19
USD
2.68%
InfraGreen® , VW USD
Jan2026
6098.38
USD
2.44%
Infra100® Europe, VW USD
Jan2026
5377.17
USD
1.72%
Infra100® UK, VW USD
Jan2026
1871.60
USD
2.06%
Infra100® Europe Debt, VW USD
Jan2026
1715.55
USD
2.1%
Infra100® UK Debt, VW USD
Jan2026
1721.28
USD
2.11%
Infra100® GBP-denominated Debt, VW USD
Jan2026
3689.01
USD
2.97%
Infra100® Midmarket, VW USD
Jan2026
1627.76
USD
1.92%
Infra100® Eurozone Debt, VW USD
Jan2026
privateMetrics® Market Indices
4677.61
USD
1.88%
privateEurope, VW USD
Jan 31, 2026
4456.35
USD
0.88%
private2000, VW USD
Jan 31, 2026
5010.13
USD
0.09%
privateUS, VW USD
Jan 31, 2026
"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.
At the Evli Alternative Investments 2026 Morning Seminar in Helsinki on Tuesday 14 April, 2026 at 11:35 CET, Abhishek Gupta, Head of Business and Product at Scientific
Event Details
At the Evli Alternative Investments 2026 Morning Seminar in Helsinki on Tuesday 14 April, 2026 at 11:35 CET, Abhishek Gupta, Head of Business and Product at Scientific Infra & Private Assets (SIPA), will be hosting a presentation on Benchmarking Private Equity Performance.
Evli’s traditional seminar will comprehensively review the most current themes and outlooks in alternative investment classes. The speakers will include international and domestic experts in the field, as well as Evli’s own experts, with presentations from the perspective of institutional investors, the academic world, and Evli’s portfolio managers. The event offers an excellent opportunity to obtain up-to-date information on alternative investments, exchange ideas with other investors, and network.
How does Finland’s largest institutional investor structure its alternative investments and select funds? What are the most topical themes in alternative investment classes? Is the real estate market turning upward? How should private equity funds be evaluated? We will seek answers to these and other questions at the seminar.
Preliminary program
08:15: Buffet breakfast
09:00: Opening remarks, Kim Pessala, CEO, Evli Fund Management Company Ltd
09:10: Perspectives of Finland’s largest pension institution on alternative investments and their role in investment portfolios – “Fireside Chat,” Markus Pauli, Head of Alternative Investments, Finnish Local Government Pension Institution Keva
09:40: Market overview of alternative investment classes – What are the most topical themes in private equity, private debt and infrastructure investment classes at the moment? Richard Wanamo, Investment Director, Private Equity, Evli Fund Management Company Ltd
10:15: Evli’s global alternative funds update on private equity, private debt, infrastructure, forestry, and private equity co-investments, Evli fund portfolio managers
10:40: Coffee break
11:00: Outlook and status update for the real estate market, Tero Tuominen, Director, Real Estate Investments, Evli Fund Management Company Ltd
11:20: Outlook and status update for growth equity investments, Maiju Aspegren, Investment Manager, Evli Growth Partners, Evli Fund Management Company Ltd
11:35: Benchmarking Private Equity Performance, Abhishek Gupta, Head of Business and Product, Scientific Infra & Private Assets, An EDHEC Venture
12:05: Closing remarks, Kim Pessala, CEO, Evli Fund Management Company Ltd
12:10: Buffet lunch and opportunity to discuss with seminar experts and network with other participants
Please note that this event is by invitation only.
Location
Scandic Helsinki Hub, Annankatu 18, Helsinki, Finland
At the Evli Alternative Investments 2026 Morning Seminar in Helsinki on Tuesday 14 April, 2026 at 11:35 CET, Abhishek Gupta, Head of Business and Product at Scientific
Event Details
At the Evli Alternative Investments 2026 Morning Seminar in Helsinki on Tuesday 14 April, 2026 at 11:35 CET, Abhishek Gupta, Head of Business and Product at Scientific Infra & Private Assets (SIPA), will be hosting a presentation on Benchmarking Private Equity Performance.
Evli’s traditional seminar will comprehensively review the most current themes and outlooks in alternative investment classes. The speakers will include international and domestic experts in the field, as well as Evli’s own experts, with presentations from the perspective of institutional investors, the academic world, and Evli’s portfolio managers. The event offers an excellent opportunity to obtain up-to-date information on alternative investments, exchange ideas with other investors, and network.
How does Finland’s largest institutional investor structure its alternative investments and select funds? What are the most topical themes in alternative investment classes? Is the real estate market turning upward? How should private equity funds be evaluated? We will seek answers to these and other questions at the seminar.
Preliminary program
08:15: Buffet breakfast
09:00: Opening remarks, Kim Pessala, CEO, Evli Fund Management Company Ltd
09:10: Perspectives of Finland’s largest pension institution on alternative investments and their role in investment portfolios – “Fireside Chat,” Markus Pauli, Head of Alternative Investments, Finnish Local Government Pension Institution Keva
09:40: Market overview of alternative investment classes – What are the most topical themes in private equity, private debt and infrastructure investment classes at the moment? Richard Wanamo, Investment Director, Private Equity, Evli Fund Management Company Ltd
10:15: Evli’s global alternative funds update on private equity, private debt, infrastructure, forestry, and private equity co-investments, Evli fund portfolio managers
10:40: Coffee break
11:00: Outlook and status update for the real estate market, Tero Tuominen, Director, Real Estate Investments, Evli Fund Management Company Ltd
11:20: Outlook and status update for growth equity investments, Maiju Aspegren, Investment Manager, Evli Growth Partners, Evli Fund Management Company Ltd
11:35: Benchmarking Private Equity Performance, Abhishek Gupta, Head of Business and Product, Scientific Infra & Private Assets, An EDHEC Venture
12:05: Closing remarks, Kim Pessala, CEO, Evli Fund Management Company Ltd
12:10: Buffet lunch and opportunity to discuss with seminar experts and network with other participants
Please note that this event is by invitation only.
Location
Scandic Helsinki Hub, Annankatu 18, Helsinki, Finland
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