Core Insights - Nasdaq has launched the Nasdaq Private Capital™ Indexes, a new suite of benchmarks aimed at enhancing transparency and robustness in private markets [2][3] - The indexes are designed to assist institutional investors and consultants in benchmarking performance and navigating private capital markets effectively [2][4] Group 1: Product Features - The Nasdaq Private Capital™ Indexes are constructed from over 14,000 institutional private market funds, representing more than $11.4 trillion in global assets under management (AUM) [4] - The indexes utilize a documented, rules-based methodology that includes Modified Dietz quarterly performance measurement and NAV-weighted aggregation [4][5] - The suite covers various private capital strategies, including private equity, buyout, venture capital, private debt, fund of funds, and real estate [4] Group 2: Market Context - The private markets are experiencing rapid growth and increasing complexity, yet they remain fragmented with inconsistent benchmarks and limited interoperability [4][6] - As allocations to private markets increase, there is a growing demand for greater transparency and stronger operational infrastructure from institutions [6] Group 3: Delivery and Integration - The Nasdaq Private Capital™ Indexes will be delivered through Nasdaq eVestment TopQ+, Nasdaq Global Index Watch (GIW), and other data licensing channels [5] - The indexes aim to provide objective, rules-based benchmarks that enhance risk and return reporting capabilities and facilitate data management and system integration [5]

Core Viewpoint - Lincoln International is set to acquire Marshberry to strengthen its position in the financial services sector, particularly in insurance brokerage and wealth management, pending regulatory approval [2][6]. Company Overview - Marshberry, founded in 1981, specializes in capital raising, investment banking, consulting, and market intelligence [2]. - Lincoln International, based in Chicago, has approximately 1,000 employees globally and provides M&A consulting, private funds, capital markets advice, and valuations [5]. Leadership and Integration - John Wepler, Chairman and CEO of Marshberry, has been with the firm since 1991 and oversees operations in six U.S. cities and three European locations with around 78 employees [3]. - Lincoln's CEO Rob Brown stated that the Marshberry brand will remain post-acquisition, with plans for a new brand strategy after integration [3]. Strategic Benefits - The acquisition is expected to enhance service offerings and create new market opportunities for both firms, allowing for greater scale and resources [4][6]. - The deal aligns with Lincoln's vision of becoming a leading advisor in private capital markets, enhancing client support in the dynamic insurance and wealth management sectors [6]. Advisory and Financial Terms - Keefe, Bruyette & Woods and Solomon Partners advised Marshberry on the acquisition deal [7]. - Financial terms of the acquisition have not been disclosed [2].