S&P Dow Jones Indices Expands Private Markets Offering with Broad Private Equity Benchmarks in Collaboration with NewVest
S&P Dow Jones Indices (NYSE:SPGI) has announced a significant expansion into private markets through the launch of the S&P Private Equity 50 Indices in collaboration with NewVest. The new benchmark series will track the performance of 50 of the largest available private equity funds in North America and Europe.
The initiative includes four distinct indices: two S&P Private Equity 50 indices for 2023 and 2024 with S&P 500 reserves, and two with SOFR reserves. This expansion aims to enhance transparency and accessibility in private markets, following S&P DJI's established leadership in public market benchmarking through indices like the S&P 500.
S&P Dow Jones Indices (NYSE: SPGI) ha annunciato una significativa espansione nei mercati privati con il lancio degli S&P Private Equity 50 Indices in collaborazione con NewVest. La nuova serie di benchmark seguirà la performance di 50 dei principali fondi di private equity disponibili in Nord America ed Europa. L'iniziativa comprende quattro indici distinti: due indici S&P Private Equity 50 per il 2023 e il 2024 con riserve S&P 500, e due con riserve SOFR. Questa espansione punta a migliorare la trasparenza e l'accessibilità nei mercati privati, proseguendo la leadership già stabilita di S&P DJI nel benchmarking dei mercati pubblici attraverso indici come l'S&P 500.
S&P Dow Jones Indices (NYSE: SPGI) ha anunciado una expansión significativa hacia los mercados privados con el lanzamiento de los S&P Private Equity 50 Indices en colaboración con NewVest. La nueva serie de referencia rastreará el desempeño de 50 de los fondos de private equity más grandes disponibles en Norteamérica y Europa. La iniciativa incluye cuatro índices distintivos: dos S&P Private Equity 50 para 2023 y 2024 con reservas del S&P 500, y dos con reservas de SOFR. Esta expansión busca mejorar la transparencia y la accesibilidad en los mercados privados, siguiendo el liderazgo establecido de S&P DJI en la puesta de referencia de mercados públicos a través de índices como el S&P 500.
S&P Dow Jones Indices (NYSE: SPGI)가 NewVest와 협력하여 S&P Private Equity 50 Indices를 출시하며 사모시장으로의 중요한 확장을 발표했습니다. 새로운 벤치마크 시리즈는 북미와 유럽의 가장 큰 이용 가능 사모펀드 50개의 성과를 추적합니다. 이번 이니셔티브에는 4개의 구분된 지수가 포함되며, 2023년과 2024년용 두 개의 S&P Private Equity 50 지수는 S&P 500 리저브를, 두 개는 SOFR 리저브를 갖습니다. 이 확장은 사적 시장의 투명성과 접근성을 높이고자 하며, S&P DJI가 S&P 500과 같은 지수를 통해 공공 시장 벤치마킹에서 이미 선도적 위치를 확립했다는 점을 바탕으로 합니다.
S&P Dow Jones Indices (NYSE: SPGI) a annoncé une expansion significative vers les marchés privés avec le lancement des indices S&P Private Equity 50 en collaboration avec NewVest. Cette nouvelle série de référence suivra la performance de 50 des plus grands fonds de private equity disponibles en Amérique du Nord et en Europe. L’initiative comprend quatre indices distincts : deux indices S&P Private Equity 50 pour 2023 et 2024 avec des réserves S&P 500, et deux avec des réserves SOFR. Cette expansion vise à accroître la transparence et l’accessibilité sur les marchés privés, en s’appuyant sur le leadership établi de S&P DJI dans le benchmarking des marchés publics via des indices comme le S&P 500.
S&P Dow Jones Indices (NYSE: SPGI) hat eine bedeutende Erweiterung in Private Markets angekündigt, durch die Einführung der S&P Private Equity 50 Indizes in Zusammenarbeit mit NewVest. Die neue Benchmark-Serie wird die Performance von 50 der größten verfügbaren Private-Equity-Fonds in Nordamerika und Europa nachverfolgen. Die Initiative umfasst vier verschiedene Indizes: zwei S&P Private Equity 50-Indizes für 2023 und 2024 mit S&P 500-Reserven und zwei mit SOFR-Reserven. Diese Erweiterung zielt darauf ab, Transparenz und Zugänglichkeit in den privaten Märkten zu verbessern, im Anschluss an die bereits etablierte Führungsrolle von S&P DJI beim Benchmarking öffentlicher Märkte durch Indizes wie den S&P 500.
S&P Dow Jones Indices (NYSE: SPGI) أعلنت عن توسيع كبير في الأسواق الخاصة من خلال إطلاق S&P Private Equity 50 Indices بالتعاون مع NewVest. ستتابع سلسلة المؤشرات المرجعية الجديدة أداء 50 من أكبر صناديق الأسهم الخاصة المتاحة في أمريكا الشمالية وأوروبا. تتضمن المبادرة أربعة مؤشرات مميزة: اثنان من S&P Private Equity 50 للفترة 2023 و2024 مع احتياطات S&P 500، واثنان مع احتياطات SOFR. يهدف هذا التوسع إلى تعزيز الشفافية وإتاحة الوصول إلى الأسواق الخاصة، متمشياً مع الريادة التي تتمتع بها S&P DJI في وضع المعايير للمMarkets العامة من خلال مؤشرات مثل S&P 500.
S&P Dow Jones Indices（纽交所代码：SPGI）宣布通过与NewVest合作推出 S&P Private Equity 50 Indices，在私募市场实现重大扩张。新基准系列将跟踪北美和欧洲 50支最大的可用私募股权基金的表现。该计划包括四个不同的指数：两支用于2023年和2024年的 S&P Private Equity 50 指数，配有 S&P 500 储备；以及两支带有 SOFR 储备的指数。此举旨在提升私募市场的透明度和可进入性，延续 S&P DJ I 在公共市场基准方面的领先地位，如 S&P 500 指数。
- Strategic expansion into the growing private markets sector
- Partnership with NewVest enhances credibility and expertise in private equity benchmarking
- Potential to improve transparency and accessibility in private markets
- Positions SPGI to benefit from growing demand for private market benchmarks
- Complex implementation challenges in tracking private market performance
- Potential competition from established private market data providers
Insights
S&P DJI's expansion into private equity benchmarking represents a strategic move to capitalize on growing institutional demand for private market transparency.
S&P Dow Jones Indices' announcement to launch the S&P Private Equity 50 Indices marks a significant strategic expansion into the private markets sector. This move leverages their established indexing expertise from public markets into the rapidly growing private equity space.
The collaboration with NewVest to create benchmarks for 50 of the largest private equity funds is particularly noteworthy as it addresses a critical market gap: the lack of standardized performance measurement in private markets. By developing indices that track these typically opaque investments, S&P DJI is positioning itself at the forefront of a transformative trend toward greater private market transparency.
The indices appear strategically designed with multiple variants - including different reserve assets (S&P 500 and SOFR) and vintage years (2023 and 2024). This structure acknowledges the unique characteristics of private equity investments, which are typically time-bound and illiquid.
Most importantly, this initiative aligns with broader regulatory trends, specifically mentioning the U.S. initiative to democratize access for 401(k) investors. This suggests S&P DJI is positioning these indices to become industry standards as private equity potentially becomes more accessible to retail investors - representing a substantial new market opportunity.
For S&P Global (SPGI), this expansion represents a natural evolution of their core indexing business that could diversify revenue streams while capitalizing on growing institutional demand for better private market benchmarks. The company is effectively transferring its public market indexing credibility to private markets, potentially creating valuable intellectual property in a growing asset class.
"Private markets are experiencing a transformative moment, and S&P DJI is excited about the growing demand for data and benchmarks as these markets continue to evolve. Our commitment is to lead the way in developing innovative indices that accurately measure and represent this emerging asset class. We're thrilled to collaborate with NewVest to provide a broad, rules-based benchmark representative of institutional private equity portfolios through the S&P Private Equity 50 Indices," said Cameron Drinkwater, Chief Product Officer at S&P Dow Jones Indices."Our expansion into private markets is consistent with our leadership in benchmarking across public markets, where we have set the global standard for transparent access through iconic indices such as the S&P 500. Similarly, our private markets benchmarks are designed to address market participants' demand for clarity around performance and volatility, particularly for the world's largest funds and private companies."
Designed to measure the performance of 50 of the largest available private equity funds for a year, the S&P Private Equity 50 Indices aim to provide market participants with an efficient and accessible view into some of the top funds in North American and European private equity. S&P DJI believes the new benchmarks capture broad, high-quality and diversified exposure in an innovative way that is enhancing transparency and scalability. The indices include:
- S&P Private Equity 50 2023 (Reserve - S&P 500) Index
- S&P Private Equity 50 2024 (Reserve - S&P 500) Index
- S&P Private Equity 50 2023 (Reserve - SOFR) Index
- S&P Private Equity 50 2024 (Reserve - SOFR) Index
"Private markets are too important to remain opaque. We are privileged to partner with S&P DJI on this historic first: benchmarks that redefine private equity as being both transparent and accountable. I believe this breakthrough will help ensure that moves such as the
Looking ahead, S&P DJI expects private markets to continue to play an expanding role in portfolio construction and risk management. At the same time, S&P DJI is working proactively with market participants to address the unique challenges in the private markets space.
For more information about S&P Dow Jones Indices, please visit:
Private Equity - Indices | S&P Dow Jones Indices
Private Markets - Investment Themes | S&P Dow Jones Indices
This work also reflects S&P Global's focus on delivering comprehensive solutions for investors navigating private markets, through trusted private markets data, analytics, and insights.
For more information about NewVest, please visit https://www.newvest.com/.
NewVest, the private markets index manager, manages passively constructed private index portfolios that target diversified exposure to some of the largest private markets funds globally on an asset class-by-asset class and vintage period-by-vintage period basis. By doing so, NewVest believes its index portfolios can closely emulate the performance of individual private markets asset classes (such as private equity and private debt) on a vintage period-by-vintage period basis, and thereby provide simplified and streamlined access to private markets investments. See https://www.newvest.com/ for further details and relevant disclaimers.
Nothing herein relating to NewVest shall constitute an offer to sell or the solicitation of an offer to purchase an interest in any fund or investment vehicle that may be managed or advised by NewVest Management, LP (each a "NewVest Vehicle").
Any such offer or solicitation shall be made to qualified investors only by means of delivery of appropriate documentation, including without limitation, offering memoranda and related limited partnership agreements and subscription agreements, as applicable, which will contain important information about the investment objectives, terms and conditions of an investment in any NewVest Vehicle, as applicable, as well as certain tax information, risk disclosures and information about conflicts of interest, all of which are relevant to an investment in any NewVest Vehicle. Past or projected performance is not necessarily indicative of future results. There can be no assurance that any NewVest Vehicle or any investment will achieve comparable results to those presented herein.
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit https://www.spglobal.com/spdji/en/.
The S&P Private Equity 50 Indices are a product of S&P Dow Jones Indices LLC or its affiliates ("S&P DJI") and NewVest Management, L.P. S&P®, S&P 500®, SPX®, SPY®, US 500™, The 500™, iBoxx®, iTraxx® and CDX® are trademarks of S&P Global, Inc. or its affiliates ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). Investment products based on S&P DJI's indices are not sponsored or sold by S&P DJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the indices.
FOR MORE INFORMATION:
Silke Mcguinness
Global Head of Communications
(+1) 415 205 8414
silke.mcguinness@spglobal.com
Alyssa Augustyn
Americas Communications
(+1) 773 919 4732
alyssa.augustyn@spglobal.com
Asti Michou
EMEA Communications
+44 (0) 79 70 887 863
asti.michou@spglobal.com
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FAQ
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