StepStone Group launched the FTSE StepStone Global Private Market Indices on October 30, 2025, providing the first daily benchmark for global private markets.
The indices are built on StepStone’s proprietary SPI platform and use two methodologies: Daily Cash‑Adjusted Indices, which roll forward reported NAVs using real‑time contributions, distributions, and currency movements, and Daily Market Indices, which incorporate estimated mark‑to‑market valuations derived from relevant public market indices.
The launch follows a partnership announced in June 2025 between StepStone and FTSE Russell, positioning the indices as a tool for investors to benchmark private assets against public markets and enhance portfolio transparency and risk management.
By delivering daily data, the new indices fill a gap in the private‑market data ecosystem, where quarterly valuations have limited timeliness. The daily benchmarks support the development of index‑tracking investment products and strengthen StepStone’s fee‑earning opportunities.
The launch aligns with StepStone’s broader strategy to expand its data and technology moat, deepen client engagement through advanced analytics, and compete with other firms such as Hamilton Lane that have recently introduced private‑market indices.
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