Discover
    Private
    Equities
    Market
    Indices
    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. . . .
    Find out more
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      SIPA
      Deep
      Dive
      Season
      1
      Episode
      10
      A new SIPA Deep Dive podcast from privateMetrics, discusses the challenges and conflicts of interest arising from the recent surge in GP-led secondary transactions within private equity, where General Partners (GPs) act as both sellers and buyers of assets across different funds. . . .
      Find out more
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        Which
        fund
        managers
        can
        beat
        the
        market?
        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. . . .
        Find out more
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          Capital
          Market
          Assumptions
          2025
          In this latest report, we provide updated 2025 Capital Market Assumptions for private equities and infrastructure utilising the infraMetrics® and privateMetrics® indices, including the infra300® and private2000® indices. . . .
          Find out more
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            Does
            Size
            Matter?
            We analyse the performance of 586 buyout funds in North America (2013 to 2023 vintages) and find that the performance of the upper mid-market and large segment was the most surprising. While many champion these segments as the higher alpha potential parts of the market, our analysis finds that they underperformed the small, lower middle market and mega cap space. . . .
            Find out more
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            Private Equity EBITDA Multiples (unadjusted) by Segment and Region
            16.32x
            0.1
            Europe
             Jun 2025
            14.78x
            0.04
            Private2000
             Jun 2025
            19.73x
            -0.19
            Health
             Jun 2025
            14.04x
            -0.21
            Education & public
             Jun 2025
            16.92x
            0.3
            Asia
             Jun 2025
            10.69x
            -0.13
            Natural resources
             Jun 2025
            16.28x
            0.07
            Information and communication
             Jun 2025
            12.54x
            -0.08
            Hospitality and entertainment
             Jun 2025
            18.97x
            0.03
            Retail
             Jun 2025
            20.93x
            -0.05
            Transportation
             Jun 2025
            17.95x
            -0.11
            Real estate and construction
             Jun 2025
            16.05x
            -0.12
            Professional and other services
             Jun 2025
            14x
            -0.02
            United States
             Jun 2025
            13.8x
            -0.08
            Manufacturing
             Jun 2025
            17.2x
            -0.08
            Financials
             Jun 2025
            11021.32
             USD
            4.36%
            Infra100® Opportunistic, VW USD
             Jun2025
            2991.70
             USD
            3.3%
            Infra100® Core, VW USD
             Jun2025
            4629.31
             USD
            3.95%
            InfraGreen® , VW USD
             Jun2025
            4959.50
             USD
            3.55%
            Infra100® Eurozone, VW USD
             Jun2025
            1902.35
             USD
            2.86%
            Infra300® Debt, VW USD
             Jun2025
            7062.55
             USD
            3.68%
            infra300®, VW USD
             Jun2025
            12097.24
             USD
            3.86%
            Infra100® Project Finance, VW USD
             Jun2025
            5100.17
             USD
            4.28%
            Infra100® UK, VW USD
             Jun2025
            3546.09
             USD
            3.63%
            Infra100® Core+, VW USD
             Jun2025
            3496.99
             USD
            4.07%
            Infra100® Midmarket, VW USD
             Jun2025
            1678.59
             USD
            3.38%
            Infra100® GBP-denominated Debt, VW USD
             Jun2025
            1673.78
             USD
            3.38%
            Infra100® UK Debt, VW USD
             Jun2025
            1830.40
             USD
            3.45%
            Infra100® Europe Debt, VW USD
             Jun2025
            2009.97
             USD
            2.95%
            Infra100® Project Finance Debt, VW USD
             Jun2025
            1595.64
             USD
            3.55%
            Infra100® Eurozone Debt, VW USD
             Jun2025
            1646.34
             USD
            3.45%
            Infra100® EUR-denominated Debt, VW USD
             Jun2025
            5689.64
             USD
            3.9%
            Infra100® Europe, VW USD
             Jun2025
            9045.85
             USD
            3.56%
            Infra100® Energy, VW USD
             Jun2025
            1462.52
             USD
            3.67%
            InfraGreen® Debt, VW USD
             Jun2025
            1859.26
             USD
            2.78%
            Infra100® Global Debt, VW USD
             Jun2025
            6836.39
             USD
            3.87%
            Infra100® Global, VW USD
             Jun2025
            privateMetrics® Market Indices
            4058.86
             USD
            -0.73%
            private2000, VW USD
             Jun 30, 2025
            4212.46
             USD
            -0.82%
            privateEurope, VW USD
             Jun 30, 2025
            4621.77
             USD
            -0.62%
            privateUS, VW USD
             Jun 30, 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.  

            Get the paper
            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.

            Access privateMetrics indices
            Find out who are the best funds and managers.

            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.

            Alpha League Tables

            Learn how to benchmark funds against private asset markets

            Get started quickly and easily

            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.

            Access our research using these links:

            Weekly insights

            Don't miss our next event

            SIPA organises weekly "Blitizinars", open online meetings to present and discuss new research and data in 15 minutes + Q&A. Efficient and useful. We also run longer webinars and seminars that address our data and methodologies in depth and provide current and future users of privateMetrics the insights they need to navigate private market benchmarking. 

            Current Month

            August

            Markets Group Private Equity Chicago Forum, 5-6 August, 2025202505aug(aug 5)09:0006(aug 6)17:00University Club of Chicago, 76 E Monroe St, Chicago, IL 60603, USAEvent Type Other events Event Organized ByMarkets Group