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
17.36x
0.03
Professional and other services
Feb 2026
15.15x
0.07
Private2000
Feb 2026
18.66x
0.21
Transportation
Feb 2026
21.1x
0.16
Health
Feb 2026
18.56x
0.17
Information and communication
Feb 2026
13.84x
0.01
United States
Feb 2026
13.93x
-0.02
Education & public
Feb 2026
19.61x
0.15
Real estate and construction
Feb 2026
17.51x
0.03
Asia
Feb 2026
15.07x
0.07
Manufacturing
Feb 2026
13.47x
0.02
Hospitality and entertainment
Feb 2026
10.25x
0.15
Natural resources
Feb 2026
16.73x
-0.02
Retail
Feb 2026
16.91x
0.11
Europe
Feb 2026
20.13x
0.29
Financials
Feb 2026
7656.72
USD
2.72%
Infra100® Global, VW USD
Feb2026
1934.43
USD
0.86%
Infra100® Global Debt, VW USD
Feb2026
9929.79
USD
2.63%
Infra100® Energy, VW USD
Feb2026
3269.38
USD
2.98%
Infra100® Core, VW USD
Feb2026
12186.61
USD
3.01%
Infra100® Opportunistic, VW USD
Feb2026
3825.92
USD
3.66%
Infra100® Midmarket, VW USD
Feb2026
1970.69
USD
0.87%
Infra300® Debt, VW USD
Feb2026
3936.61
USD
2.74%
Infra100® Core+, VW USD
Feb2026
1718.19
USD
-0.17%
Infra100® GBP-denominated Debt, VW USD
Feb2026
1712.86
USD
-0.14%
Infra100® UK Debt, VW USD
Feb2026
1641.75
USD
0.87%
Infra100® Eurozone Debt, VW USD
Feb2026
13519.64
USD
2.89%
Infra100® Project Finance, VW USD
Feb2026
5481.39
USD
2.46%
InfraGreen® , VW USD
Feb2026
6249.77
USD
2.52%
Infra100® Europe, VW USD
Feb2026
5530.64
USD
3.07%
Infra100® Eurozone, VW USD
Feb2026
7640.93
USD
2.91%
infra300®, VW USD
Feb2026
5455.32
USD
1.45%
Infra100® UK, VW USD
Feb2026
1538.82
USD
1.12%
InfraGreen® Debt, VW USD
Feb2026
1876.49
USD
0.28%
Infra100® Europe Debt, VW USD
Feb2026
1687.80
USD
0.28%
Infra100® EUR-denominated Debt, VW USD
Feb2026
2111.20
USD
1.1%
Infra100® Project Finance Debt, VW USD
Feb2026
privateMetrics® Market Indices
4707.85
USD
1.15%
privateEurope, VW USD
Feb 28, 2026
4536.47
USD
1.23%
private2000, VW USD
Feb 28, 2026
5144.95
USD
1.26%
privateUS, VW USD
Feb 28, 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 ILPA Forum EMEA in London on 27-29 April, 2026, Abhishek Gupta, Head of Business and Product at Scientific Infra & Private Assets (SIPA), will be
Event Details
At the ILPA Forum EMEA in London on 27-29 April, 2026, Abhishek Gupta, Head of Business and Product at Scientific Infra & Private Assets (SIPA), will be speaking at a panel discussion on “The Rise of Retail Capital in Private Markets“.
The ILPA Forum EMEA 2026 is a flagship event designed exclusively for the LP community. The agenda places participants’ priorities at the forefront, with deep dives into AI, Secondaries, Co-investments, Retail Capital, and critical sectors such as Technology, Healthcare, and Defence—topics shaping LP agendas today.
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 ILPA Forum EMEA in London on 27-29 April, 2026, Abhishek Gupta, Head of Business and Product at Scientific Infra & Private Assets (SIPA), will be
Event Details
At the ILPA Forum EMEA in London on 27-29 April, 2026, Abhishek Gupta, Head of Business and Product at Scientific Infra & Private Assets (SIPA), will be speaking at a panel discussion on “The Rise of Retail Capital in Private Markets“.
The ILPA Forum EMEA 2026 is a flagship event designed exclusively for the LP community. The agenda places participants’ priorities at the forefront, with deep dives into AI, Secondaries, Co-investments, Retail Capital, and critical sectors such as Technology, Healthcare, and Defence—topics shaping LP agendas today.
Set by payment provider stripe.com to process payments
10 years
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Fraud prevention and detection
1 year
WooCommerce is a customizable eCommerce platform for building online stores using WordPress.
Name
Description
Duration
wp_woocommerce_session_
Contains a unique code for each customer so that it knows where to find the cart data in the database for each customer.
2 days
woocommerce_recently_viewed
Powers the Recent Viewed Products widget
session
store_notice
Allows customers to dismiss the Store Notice.
session
woocommerce_snooze_suggestions__
Allows dashboard users to dismiss Marketplace suggestions, if enabled.
2 days
woocommerce_dismissed_suggestions__
Count of suggestion dismissals, if enabled.
1 month
woocommerce_cart_hash
Helps WooCommerce determine when cart contents/data changes.
session
woocommerce_items_in_cart
Helps WooCommerce determine when cart contents/data changes.
session
WP Consent API is a plugin that standardizes the communication of accepted consent categories between plugins.
Name
Description
Duration
wp_consent_{category}
Stores your consent preference for a specific cookie category (e.g., functional, marketing). It ensures consistent consent management across WordPress plugins supporting the WP Consent API.
30 days
WPForms is a user-friendly WordPress plugin for creating custom forms with drag-and-drop functionality.
Name
Description
Duration
wpfuuid
Used to track user interactions with forms.
11 years
Statistics cookies collect information anonymously. This information helps us understand how visitors use our website.
Google Analytics is a powerful tool that tracks and analyzes website traffic for informed marketing decisions.
Contains information related to marketing campaigns of the user. These are shared with Google AdWords / Google Ads when the Google Ads and Google Analytics accounts are linked together.
90 days
__utma
ID used to identify users and sessions
2 years after last activity
__utmt
Used to monitor number of Google Analytics server requests
10 minutes
__utmb
Used to distinguish new sessions and visits. This cookie is set when the GA.js javascript library is loaded and there is no existing __utmb cookie. The cookie is updated every time data is sent to the Google Analytics server.
30 minutes after last activity
__utmc
Used only with old Urchin versions of Google Analytics and not with GA.js. Was used to distinguish between new sessions and visits at the end of a session.
End of session (browser)
__utmz
Contains information about the traffic source or campaign that directed user to the website. The cookie is set when the GA.js javascript is loaded and updated when data is sent to the Google Anaytics server
6 months after last activity
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2 years after last activity
__utmx
Used to determine whether a user is included in an A / B or Multivariate test.
18 months
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ID used to identify users
2 years
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Used by Google Analytics to determine which links on a page are being clicked
30 seconds
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ID used to identify users
2 years
_gid
ID used to identify users for 24 hours after last activity
24 hours
_gat
Used to monitor number of Google Analytics server requests when using Google Tag Manager
1 minute
SourceBuster is used by WooCommerce for order attribution based on user source.
Name
Description
Duration
sbjs_session
The number of page views in this session and the current page path
30 minutes
sbjs_udata
Information about the visitor’s user agent, such as IP, the browser, and the device type
session
sbjs_first
Traffic origin information for the visitor’s first visit to your store (only applicable if the visitor returns before the session expires)
session
sbjs_current
Traffic origin information for the visitor’s current visit to your store
session
sbjs_first_add
Timestamp, referring URL, and entry page for your visitor’s first visit to your store (only applicable if the visitor returns before the session expires)
session
sbjs_current_add
Timestamp, referring URL, and entry page for your visitor’s current visit to your store
session
sbjs_migrations
Technical data to help with migrations between different versions of the tracking feature
session
Marketing cookies are used to follow visitors to websites. The intention is to show ads that are relevant and engaging to the individual user.
A video-sharing platform for users to upload, view, and share videos across various genres and topics.
Registers a unique ID on mobile devices to enable tracking based on geographical GPS location.
1 day
VISITOR_INFO1_LIVE
Tries to estimate the users' bandwidth on pages with integrated YouTube videos. Also used for marketing
179 days
PREF
This cookie stores your preferences and other information, in particular preferred language, how many search results you wish to be shown on your page, and whether or not you wish to have Google’s SafeSearch filter turned on.
10 years from set/ update
YSC
Registers a unique ID to keep statistics of what videos from YouTube the user has seen.
Session
DEVICE_INFO
Used to detect if the visitor has accepted the marketing category in the cookie banner. This cookie is necessary for GDPR-compliance of the website.
179 days
LOGIN_INFO
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