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NEW YORK - S&P Dow Jones Indices announced Tuesday plans to expand into private markets with the launch of the S&P Private Equity 50 Indices in collaboration with NewVest, a private markets index manager.
The new benchmark series will track 50 of the largest available private equity funds for each year, focusing on North American and European markets. The initial indices include the S&P Private Equity 50 2023 and 2024 versions, each with either S&P 500 or SOFR reserve options.
"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," said Cameron Drinkwater, Chief Product Officer at S&P Dow Jones Indices, according to the press release.
The benchmarks aim to provide investors with transparent performance metrics for private equity investments, an area traditionally characterized by limited visibility compared to public markets.
Edward Talmor-Gera, Founder & CEO at NewVest, stated that the collaboration represents "a historic first" that redefines private equity as "both transparent and accountable."
S&P DJI, known for public market indices like the S&P 500, indicated the new private equity benchmarks respond to market participants’ demand for clarity around performance and volatility in private markets.
The initiative comes as private markets continue to gain importance in portfolio construction and as regulatory changes potentially expand access to these investments for retail investors, including through 401(k) plans.
S&P Dow Jones Indices is a division of S&P Global (NYSE:SPGI).
In other recent news, S&P Global has announced a strategic collaboration with investment firms Cambridge Associates and Mercer to develop private markets performance analytics, which is expected to be released in beta by the end of 2025. This initiative aims to address data fragmentation in private markets by creating a standardized system for collecting and reporting fund performance data. Meanwhile, S&P 500 companies reduced their share repurchases by 20.1% in the second quarter of 2025, spending $234.6 billion compared to the previous quarter’s record $293.5 billion, according to S&P Dow Jones Indices. This decline also represents a slight decrease from the $235.9 billion spent in the same quarter last year.
In the Eurozone, business activity expanded at its fastest pace in 16 months, with the HCOB Flash Eurozone Composite Purchasing Managers’ Index rising to 51.2 in September from 51.0 in August. This marked the ninth consecutive month of growth. Conversely, British firms have reported a loss of momentum and confidence as they brace for possible tax increases in the upcoming November budget, with the S&P Global preliminary UK Composite Purchasing Managers’ Index falling to 51.0 in September from 53.5 in August. This reading is just above the threshold that separates economic growth from contraction, highlighting ongoing challenges in the UK business environment.
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