REPORTS

Our analyses covering private equities, private infrastructure and infra debt markets.
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Q4 2025 infra100® Index Report

Feb. 05, 2026
The infra100® Equity index is a global representation of the 100 largest unlisted infrastructure companies. It is a market benchmark designed to provide an accurate reflection of the performance of large cap unlisted infrastructure. Among the highlights of Q4 2025: The infra100® index recorded a quarter-over-quarter total return of 1.93% in Q4 2025, with performance supported by strong cash income...
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Q4 2025 infraGreen Index Report

Feb. 05, 2026
The infraGreen index is a benchmark for private renewable infrastructure investments, accurately reflecting the performance of unlisted companies in the renewable energy sector. Among the highlights of Q4 2025: The infraGreen® index delivered a quarter-over-quarter total return of 1.79% in Q4 2025 and 7.28% for the full year 2025, reflecting steady performance from renewable infrastructure assets despite a moderation in...
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Is Your NAV Fair? Addressing Valuation Lag and Investor Fairness in Monthly-Priced Funds

Jan. 26, 2026
As Evergreen private equity and infrastructure funds offer monthly dealing while relying on infrequent and delayed underlying valuations, the integrity of interim NAVs becomes a critical issue for investor fairness. Need For Monthly NAVs The proliferation of Evergreen products across private equity and infrastructure equity requires more frequent data and valuations, given monthly subscriptions and quarterly redemptions. Existing practices still...
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Expected Returns in Private Equities and Infrastructure: Capital Market Assumptions 2026

Jan. 12, 2026
We introduce 2026 Capital Market Assumptions (CMAs) utilising infraMetrics® and privateMetrics®, including the flagship infra300® and private2000® indices. Our capital market assumptions tool and Excel add-in allow one to download the monthly prices across indices, compute returns, volatility, and correlation across asset classes. The tool allows for building optimal asset allocation using the inputs obtained from privateMetrics and infraMetrics, combined...
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Long Term Investment Funds: Proliferation of Open-Ended Funds Will Drive Need For Benchmarking and More Frequent Valuations

Nov. 25, 2025
With the increasing adoption of evergreens in Long Term Investment Funds, benchmarking their performance and ensuring timely and accurate valuations should be a fiduciary concern. Both privateMetrics® and infraMetrics® indices are ESMA-registered, provide the only asset-level benchmarks in the industry and offer monthly returns that can be used to benchmark the performance of private equity and infrastructure equity Evergreens. Benchmarking...
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Do Private Equities Track Public Markets (and when)? Horizon Correlations in Private Equities

Nov. 12, 2025
Higher frequency private equities data, like that produced by privateMetrics via its market indices, provides a dynamic view of the private equities market. Pricing at the asset level monthly, one has a current view on how market participants are pricing risk in the market. Alongside more reasonable volatility assumptions, this can be used to form longer term expected return assumptions....