S&P Dow Jones Indices Expands Private Markets Offering with Broad Private Equity Benchmarks in Collaboration with NewVest

Core Viewpoint - S&P Dow Jones Indices is expanding into the private markets sector by launching the S&P Private Equity 50 Indices in collaboration with NewVest, aiming to meet the growing demand for data and benchmarks in this evolving asset class [1][2]. Group 1: Expansion into Private Markets - The S&P Private Equity 50 Indices will measure the performance of 50 of the largest available private equity funds over a year, providing insights into top funds in North American and European private equity [2][3]. - This initiative reflects S&P DJI's commitment to enhancing transparency and scalability in private markets, similar to its established benchmarks in public markets like the S&P 500 [2][3]. Group 2: Collaboration with NewVest - NewVest, a private markets index manager, will manage passively constructed private index portfolios targeting diversified exposure to major private markets funds globally [5]. - The collaboration aims to redefine private equity benchmarks as transparent and accountable, supporting initiatives like the U.S. effort to democratize access for 401(k) investors [2][5]. Group 3: Future Outlook - S&P DJI anticipates that private markets will increasingly play a significant role in portfolio construction and risk management, and is actively addressing the unique challenges within this space [3].