FTSE Russell, StepStone Launch Private Market Indices 

FTSE Russell, a subsidiary of the London Stock Exchange, and StepStone Group have introduced their daily private market indices, which are aimed at providing investors with investment funds options. 

The partnership, which was first announced in June, will allow investors to monitor trends within the private markets sector, as the indices is a “foundation for total portfolio benchmarking,” with collaboration with FTSE Russell’s liquid index range across multiple public asset classes, the company said. 

The two indices are the daily cash-adjusted indices, which is a daily benchmark that roll forward reported NAVs using real-time contribution, distribution, and currency movements. And the daily market indices, which is a daily, market-calibrated benchmark that extends the cash-adjusted indices by incorporating estimated mark-to-market valuations derived from relevant public market indices and their historical relationships with private market strategies. 

“The convergence of public and private markets is accelerating the demand for timelier insights into private markets,” Tyler Johnson, CTO and partner at StepStone, said. “These new indices deliver daily mark-to-market estimates for private markets funds – an innovation we pioneered in our semiliquid solutions.” 

This comes as private market benchmarks are increasingly becoming a requested adoption for investors who are seeking better options for their wealth. 

StepStone will embody its data on 5,000 funds across infrastructure, venture capital, buyouts, and real assets to provide estimates on performance.