As personal market property turn into out there to extra traders, a rising variety of asset managers try to launch indices to trace their efficiency. Within the newest instance, world index supplier FTSE Russell and various asset supervisor StepStone Group signed a proposed partnership settlement to develop personal asset indices, knowledge and analytics merchandise.
In keeping with Monetary Information, the companies plan to launch their first day by day indices later this 12 months.
The announcement follows personal fairness large BlackRock’s buy of London-based capital markets analysis agency Preqin with the purpose of launching a personal market index. Additionally, final 12 months, capital markets analysis agency MSCI launched its MSCI Non-public Capital Indexes, which monitor the efficiency of closed-end funds.
FTSE Russell’s and StepStone’s partnership will purpose to ship reference indices for a whole spectrum of personal asset lessons. The purpose is to permit traders to higher benchmark the efficiency of their personal markets portfolios inside a complete return portfolio view, the companies be aware. The indices will construct on FTSE Russell’s experience within the design, improvement and administration of indices throughout a number of asset classes and StepStone’s data-driven insights into a number of personal market asset lessons.
Each StepStone and FTSE Russell declined to touch upon the partnership straight at the moment.
In an official assertion saying the deal, Mike McCabe, head of technique with StepStone, famous, “As personal markets have turn into extra significant elements of traders’ portfolios, the necessity for integrating views of threat and return throughout the entire portfolio has turn into vital for funding determination makers. With a rising portion of the worldwide financial system remaining personal not just for longer, however probably indefinitely, we have to pave a pathway for additional easing the entry to differentiated sources of funding returns. Partnering with FTSE Russell will unleash the ability and scale of our personal markets knowledge—contained inside our proprietary know-how platform, SPI by StepStone—to drive these objectives ahead.”
StepStone, which has $189 billion in AUM, launched SPI by StepStone in fall 2023. The personal markets intelligence platform permits traders to trace the efficiency of their portfolios and underlying property in actual time, mannequin future money flows and entry evaluation of market traits. In keeping with StepStone, the platform was analyzing over 25,000 in investor commitments encompassing over $1.1 trillion as of March 31, 2025. It additionally provides customers entry to deal-level and working metrics benchmarking, together with buy value and leverage multiples, fairness contributions and worth creation, in addition to authorized phrases benchmarking.
Additionally in an official assertion, Fiona Bassett, CEO of FTSE Russell, stated, “With the continued progress in personal asset allocation and rising consumer demand, it’s important for us not solely to ship main indices on this asset class however to work with companions aligned to our dedication to transparency, rules-based methodologies, strong knowledge provenance and investability. With StepStone’s broad, in-depth personal markets dataset, we’ve chosen an amazing accomplice with which to construct this providing.”
