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.
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. . . .
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. . . .
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. . . .
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. . . .
Private Equity EBITDA Multiples (unadjusted) by Segment and Region
15.04x
-0.18
Education & public
 Mar 2025
14.24x
-0.14
Manufacturing
 Mar 2025
13.26x
-0.23
Hospitality and entertainment
 Mar 2025
16.44x
-0.11
Professional and other services
 Mar 2025
16.97x
0.01
Europe
 Mar 2025
16.94x
-0.07
Asia
 Mar 2025
17.32x
-0.24
Information and communication
 Mar 2025
11.84x
-0.35
Natural resources
 Mar 2025
19.06x
-0.17
Retail
 Mar 2025
20.4x
0.28
Transportation
 Mar 2025
14.61x
-0.05
United States
 Mar 2025
15.34x
-0.13
Private2000
 Mar 2025
18.77x
-0.25
Financials
 Mar 2025
19.84x
-0.36
Real estate and construction
 Mar 2025
20.02x
0.03
Health
 Mar 2025
6279.01
 USD
1.37%
Infra100® Global, VW USD
 Mar2025
1760.02
 USD
2.12%
Infra100® Global Debt, VW USD
 Mar2025
1534.60
 USD
2.62%
Infra100® UK Debt, VW USD
 Mar2025
6438.47
 USD
1.57%
infra300®, VW USD
 Mar2025
4396.75
 USD
1.4%
Infra100® Eurozone, VW USD
 Mar2025
3292.20
 USD
1.66%
Infra100® Core+, VW USD
 Mar2025
1539.02
 USD
2.62%
Infra100® GBP-denominated Debt, VW USD
 Mar2025
8185.03
 USD
2.45%
Infra100® Energy, VW USD
 Mar2025
1666.97
 USD
2.94%
Infra100® Europe Debt, VW USD
 Mar2025
4594.31
 USD
1.31%
Infra100® UK, VW USD
 Mar2025
1335.91
 USD
3.46%
InfraGreen® Debt, VW USD
 Mar2025
5093.70
 USD
1.36%
Infra100® Europe, VW USD
 Mar2025
2668.68
 USD
0.93%
Infra100® Core, VW USD
 Mar2025
1444.20
 USD
3.49%
Infra100® Eurozone Debt, VW USD
 Mar2025
1885.51
 USD
3.12%
Infra100® Project Finance Debt, VW USD
 Mar2025
3096.51
 USD
2.28%
Infra100® Midmarket, VW USD
 Mar2025
1499.35
 USD
2.94%
Infra100® EUR-denominated Debt, VW USD
 Mar2025
11172.19
 USD
3.22%
Infra100® Project Finance, VW USD
 Mar2025
4169.11
 USD
2.39%
InfraGreen® , VW USD
 Mar2025
10296.75
 USD
2.93%
Infra100® Opportunistic, VW USD
 Mar2025
1779.95
 USD
2.04%
Infra300® Debt, VW USD
 Mar2025
privateMetrics® Market Indices
4513.71
 USD
0.28%
private2000, VW USD
 Mar 31, 2025
4650.04
 USD
1.33%
privateEurope, VW USD
 Mar 31, 2025
5169.72
 USD
-0.38%
privateUS, VW USD
 Mar 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.
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.
Come and connect with us at the Markets Group 13th Private Equity New York Forum on 14 May, 2025!
At the event, Evan Clark, Senior Private Market Analyst at Scientific Infra
Event Details
Come and connect with us at the Markets Group 13th Private Equity New York Forum on 14 May, 2025!
At the event, Evan Clark, Senior Private Market Analyst at Scientific Infra & Private Assets, will be moderating a panel discussion on “Manager Selection in the Northeast”, a conversation with leading global LPs allocating to private markets in the US and covering key investment and monitoring themes influencing investments, ranging from effects of geopolitical concerns, co-investments, direct investments/developing a private equity team, valuations, ESG, and fund types from buyout to venture, private debt, and real assets.
He will also be hosting a breakout session entitled “Measuring Alpha in Private Equity Funds”.
The 13th Private Equity New York Forum is the premier east coast event designed to enhance financial and investment practices while fostering collaboration within the private equity community, featuring 20 expert panels, 10 keynote speakers and 18+ breakout sessions for in-depth discussions on private equity strategies.
For information on the event, please visit the dedicated web page
.
more
Location
Convene New York
Brookfield Place, 225 Liberty St, New York, NY 10281, United States
Markets Group produces in-person and virtual forums that help the investment management industry engage face to face. Founded in 2009, Markets Groups brings together the investment management community for peer driven thought leadership experiences that provide a platform for education, business development and networking.
Join us on May 15th, 2025 at 9.30am BST for a live webinar introducing the Global League Table of Private Equity Fund Managers, powered by privateMetrics, SIPA’s advanced analytics platform for private market investors. During this webinar, we will unveil the latest risk-adjusted performance rankings of private equity fund managers globally. The privateMetrics methodology allows for a level playing field—comparing managers across vintage years, regions, and strategies in a transparent and data-driven way.
In this webinar, you will learn:
What part of fund returns are driven by the market and what part is explained by manager skills
How privateMetrics can be used to build fair and risk-adjusted comparisons across fund managers
Highlights from the 2025 Buyout GP League Table
How to use the privateMetrics API to build custom benchmarks and compute fund alpha
This webinar is intended for investors and decision-makers looking to better understand fund manager performance across risk, return, and alpha generation.
Join us on May 15th, 2025 at 2.00pm BST for a live webinar introducing the Global League Table of Private Equity Fund Managers, powered by privateMetrics, SIPA’s advanced analytics platform for private market investors. During this webinar, we will unveil the latest risk-adjusted performance rankings of private equity fund managers globally. The privateMetrics methodology allows for a level playing field—comparing managers across vintage years, regions, and strategies in a transparent and data-driven way.
In this webinar, you will learn:
What part of fund returns are driven by the market and what part is explained by manager skills
How privateMetrics can be used to build fair and risk-adjusted comparisons across fund managers
Highlights from the 2025 Buyout GP League Table
How to use the privateMetrics API to build custom benchmarks and compute fund alpha
This webinar is intended for investors and decision-makers looking to better understand fund manager performance across risk, return, and alpha generation.
Come and connect with us at the Markets Group 13th Private Equity New York Forum on 14 May, 2025!
At the event, Evan Clark, Senior Private Market Analyst at Scientific Infra
Event Details
Come and connect with us at the Markets Group 13th Private Equity New York Forum on 14 May, 2025!
At the event, Evan Clark, Senior Private Market Analyst at Scientific Infra & Private Assets, will be moderating a panel discussion on “Manager Selection in the Northeast”, a conversation with leading global LPs allocating to private markets in the US and covering key investment and monitoring themes influencing investments, ranging from effects of geopolitical concerns, co-investments, direct investments/developing a private equity team, valuations, ESG, and fund types from buyout to venture, private debt, and real assets.
He will also be hosting a breakout session entitled “Measuring Alpha in Private Equity Funds”.
The 13th Private Equity New York Forum is the premier east coast event designed to enhance financial and investment practices while fostering collaboration within the private equity community, featuring 20 expert panels, 10 keynote speakers and 18+ breakout sessions for in-depth discussions on private equity strategies.
For information on the event, please visit the dedicated web page
.
more
Location
Convene New York
Brookfield Place, 225 Liberty St, New York, NY 10281, United States
Markets Group produces in-person and virtual forums that help the investment management industry engage face to face. Founded in 2009, Markets Groups brings together the investment management community for peer driven thought leadership experiences that provide a platform for education, business development and networking.
Join us on May 15th, 2025 at 9.30am BST for a live webinar introducing the Global League Table of Private Equity Fund Managers, powered by privateMetrics, SIPA’s advanced analytics platform for private market investors. During this webinar, we will unveil the latest risk-adjusted performance rankings of private equity fund managers globally. The privateMetrics methodology allows for a level playing field—comparing managers across vintage years, regions, and strategies in a transparent and data-driven way.
In this webinar, you will learn:
What part of fund returns are driven by the market and what part is explained by manager skills
How privateMetrics can be used to build fair and risk-adjusted comparisons across fund managers
Highlights from the 2025 Buyout GP League Table
How to use the privateMetrics API to build custom benchmarks and compute fund alpha
This webinar is intended for investors and decision-makers looking to better understand fund manager performance across risk, return, and alpha generation.
Join us on May 15th, 2025 at 2.00pm BST for a live webinar introducing the Global League Table of Private Equity Fund Managers, powered by privateMetrics, SIPA’s advanced analytics platform for private market investors. During this webinar, we will unveil the latest risk-adjusted performance rankings of private equity fund managers globally. The privateMetrics methodology allows for a level playing field—comparing managers across vintage years, regions, and strategies in a transparent and data-driven way.
In this webinar, you will learn:
What part of fund returns are driven by the market and what part is explained by manager skills
How privateMetrics can be used to build fair and risk-adjusted comparisons across fund managers
Highlights from the 2025 Buyout GP League Table
How to use the privateMetrics API to build custom benchmarks and compute fund alpha
This webinar is intended for investors and decision-makers looking to better understand fund manager performance across risk, return, and alpha generation.
