Investment firm StepStone and index provider FTSE Russell have launched the world’s first global fund-level daily private market indices.
The FTSE StepStone Global Private Market Indices aim to provide investors with greater access to monitor alternative trends compared to traditional benchmarks based on quarterly valuations, according to FTSE Russell, an LSEG business.
The indices are available across multiple private market strategies and regions, using two methodologies: Daily Cash-Adjusted Indices and Daily Market Indices.
Read more: Crowd Street expands private markets offering with Nuveen, StepStone funds
“The new indices transform how private assets are benchmarked, giving asset owners faster insights into their portfolios and creating the ideal set of benchmarks for evergreen fund managers and investors,” said Gerald Toledano, global head of equity and multi-assets at FTSE…
