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
      Featured image for “SIPA Deep Dive – Season 1 Episode 10”
        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
        Featured image for “Which fund managers can beat the market?”
        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

        September

        Infrastructure Investor: Investor Forum 2025202509sep(sep 9)08:0010(sep 10)16:20St. Pancras Renaissance Hotel, London, United KingdomEvent Type Other events Event Organized ByInfrastructure Investor

        Markets Group 8th Private Equity Europe Forum202516sep(sep 16)09:0017(sep 17)17:00Convene, 133 Houndsditch London, EC3A 7DB, United KingdomEvent Type Other events Event Organized ByMarkets Group

        IPEM Paris 2025Winning the Long Game202524sep(sep 24)09:0026(sep 26)17:00Palais des Congrès, 2 Place de la Porte Maillot, 75017 Paris, FranceEvent Type Other events Event Organized ByIPEM