We are pleased to announce the release of Scientific Infra & Private Assets’ 2025 Private Alpha League Tables (Infrastructure Edition), a comprehensive assessment of skill-based performance in private infrastructure. . . .
Go beyond traditional analysis and unlock the true dynamics of the private equity market with the “Global Private Equities Universe” report from Scientific Infra & Private Assets. . . .
SIPA Data suggests that the underlying buyout market (Asset level) is as much as 40% below the performance reported by buyout funds. The Private2000 index reflects the latest level of transactions but exit prices are not always being reflected by the new buyers. . . .
The private2000 Index is a global benchmark tracking the performance of 2,000 unlisted private companies across 30 key markets, designed to reflect the structure and risk-return characteristics of the private equities market. . . .
The 2025 PE League Tables are out: GP ranking and rating are primarily based on their ability and tendency to generate alpha i.e., to outperform the market during the 2013-2023 period. . . .
This report uses a decade of private fund performance data in combination with the privateMetrics® market indices and benchmarks to compute the market outperformance of 600 buyout funds and their managers, as well as their ability to keep generating alpha. . . .
Private Equity EBITDA Multiples (unadjusted) by Segment and Region
17.78x
-0.27
Health
Sep 2025
16.41x
0.18
Europe
Sep 2025
14.61x
0.03
Private2000
Sep 2025
17.95x
-0.15
Retail
Sep 2025
17.94x
-0.02
Real estate and construction
Sep 2025
16.93x
0.21
Asia
Sep 2025
16.51x
-0.07
Financials
Sep 2025
18.63x
-0.37
Transportation
Sep 2025
13.32x
-0.04
Manufacturing
Sep 2025
16.21x
0.04
Information and communication
Sep 2025
12.56x
-0.21
Education & public
Sep 2025
12.17x
-0.07
Hospitality and entertainment
Sep 2025
10.37x
-0.01
Natural resources
Sep 2025
13.63x
-0.09
United States
Sep 2025
16.04x
-0.02
Professional and other services
Sep 2025
5664.77
USD
1.53%
Infra100® Europe, VW USD
Sep2025
2025.65
USD
0.81%
Infra100® Project Finance Debt, VW USD
Sep2025
5081.01
USD
1.23%
InfraGreen® , VW USD
Sep2025
1475.61
USD
0.85%
InfraGreen® Debt, VW USD
Sep2025
11292.52
USD
1.68%
Infra100® Opportunistic, VW USD
Sep2025
7095.07
USD
1.34%
infra300®, VW USD
Sep2025
5005.97
USD
1.17%
Infra100® UK, VW USD
Sep2025
9218.60
USD
0.76%
Infra100® Energy, VW USD
Sep2025
1604.29
USD
0.74%
Infra100® Eurozone Debt, VW USD
Sep2025
1821.68
USD
0.57%
Infra100® Europe Debt, VW USD
Sep2025
5006.35
USD
1.68%
Infra100® Eurozone, VW USD
Sep2025
3622.55
USD
1.06%
Infra100® Core+, VW USD
Sep2025
12302.41
USD
1.53%
Infra100® Project Finance, VW USD
Sep2025
6968.34
USD
1.2%
Infra100® Global, VW USD
Sep2025
1649.60
USD
0.44%
Infra100® UK Debt, VW USD
Sep2025
3011.30
USD
1.3%
Infra100® Core, VW USD
Sep2025
1910.43
USD
0.83%
Infra300® Debt, VW USD
Sep2025
3512.86
USD
1.05%
Infra100® Midmarket, VW USD
Sep2025
1638.50
USD
0.57%
Infra100® EUR-denominated Debt, VW USD
Sep2025
1654.84
USD
0.44%
Infra100® GBP-denominated Debt, VW USD
Sep2025
1872.29
USD
0.81%
Infra100® Global Debt, VW USD
Sep2025
privateMetrics® Market Indices
4011.33
USD
-0.13%
private2000, VW USD
Sep 30, 2025
4106.71
USD
-0.31%
privateEurope, VW USD
Sep 30, 2025
4613.73
USD
0.03%
privateUS, VW USD
Sep 30, 2025
"The only benchmarks to compare funds with private asset markets."
SIPA market indices and benchmarks measure the risk and performance of private asset markets that are much larger than the holding of private equity and infrastructure funds. they allow for a genuine comparison of fund and manager performance against the a relevant, transparent and up-to-date benchmark.
Understand the sources of performance and alpha
When used in combination with the Direct Alpha method, the privateMetrics® benchmarks clearly discriminate between those private funds that can generate positive alpha and those that do not.
Measure the risk and the performance of private markets
privateMetrics® market indices and benchmarks are designed to capture the latest level of market prices using an advanced, AI-driven asset pricing model, providing high frequency, robust risk and performance data.
Instead of comparing funds and managers with each other in (often) weak peer groups, infraMetrics is the surest way to decide which funds and which GPs are the best at creating private asset value.
Install the privateMetrics® Add-in from Microsoft AppSource (directly from MSExcel) and access all the privateMetrics functionalities including custom benchmarks, customised comparables, fund alpha calculation, index catalogue, TICCS and PECCS taxonomies etc. Some features require a subscription.
Our Excel Add-in is a powerful way to access privateMetrics data.
Are you ready to dive deep into private markets?
Follow our Podcast on Private Market Benchmarking. New Episodes weekly.
Our Research
R&D of the EDHEC Infrastructure & Private Asset Research Institute
Since 2016, the EDHEC Infrastructure & Private Assets Research Institute has been producing research on private asset pricing, risk management, credit risk and climate risk measurement. While some of this research has now been industrialised and is distributed by our corporate arm, Scientific Infra & Private Assets, we continue to develop new applied research in the field of investment and private markets, with a focus on machine learning and language processing.
SIPA organises weekly "Blitizinars", open online meetings to present and discuss new research and data in 15 minutes + Q&A. Efficient and useful. We also run longer webinars and seminars that address our data and methodologies in depth and provide current and future users of privateMetrics the insights they need to navigate private market benchmarking.
Come and meet Scientific Infra & Private Assets (SIPA) at the ILPA Summit in New York on 4-6 November, 2025!
The Institutional Limited Partners Association (ILPA) annual summit takes place every
Event Details
Come and meet Scientific Infra & Private Assets (SIPA) at the ILPA Summit in New York on 4-6 November, 2025!
The Institutional Limited Partners Association (ILPA) annual summit takes place every year in Q4 and over the years has grown into one of the most important private equity events worldwide, efficiently connecting limited partners to qualified general partners and service providers while offering first-in-class educational sessions and timely talks on trending topics.
Come and connect with us at the Markets Group Private Equity Boston Forum on 12-13 November, 2025!
At the event, Abhishek Gupta, Associate Director and Head of Product Development at Scientific
Event Details
Come and connect with us at the Markets Group Private Equity Boston Forum on 12-13 November, 2025!
At the event, Abhishek Gupta, Associate Director and Head of Product Development at Scientific Infra & Private Assets (SIPA), will be moderating a panel discussion on “LP Insights on Fund Manager Selection in the Northeast”.
He will also be hosting a roundtable discussion on “Measuring Risk and Value in Private Equity Markets”.
The Private Equity Boston Forum is the premier New England event designed to enhance financial and investment practices while fostering collaboration within the private equity community through expert-led panels on key industry topics. The event will enable participants to gain insights into developing tailored exit strategies based on market conditions, mastering competitive deal sourcing, and optimising GP-led transactions and continuation funds, as well as to learn from top professionals how to maximise value, address risks, and enhance liquidity solutions.
Scientific Infra & Private Assets (SIPA) is proud to be a Platinum Sponsor of the forum.
For information on the event, please visit the dedicated web page.
Location
Harvard Club of Boston - Back Bay, 374 Commonwealth Ave Boston, MA 02215, United States
Markets Group produces in-person and virtual forums that help the investment management industry engage face to face. Founded in 2009, Markets Groups brings together the investment management community for peer driven thought leadership experiences that provide a platform for education, business development and networking.
Join us at the Insurance Asset Management Conference & Awards in London on 27 November, 2025!
This one-day conference will provide delegates from the insurance industry with essential and timely investment
Event Details
Join us at the Insurance Asset Management Conference & Awards in London on 27 November, 2025!
This one-day conference will provide delegates from the insurance industry with essential and timely investment presentations and thoughts from leading industry figures to help navigate the economic landscape. Delegates will also have networking opportunities throughout the day with industry peers to build on their insurance investment thinking and strategies.
Scientific Infra & Private Assets (SIPA) is proud to be a sponsor of the event.
For information on the event, please visit the dedicated web page.
Location
The Waldorf Hilton, Aldwych, London, WC2B 4DD, United Kingdom
Come and meet Scientific Infra & Private Assets (SIPA) at the ILPA Summit in New York on 4-6 November, 2025!
The Institutional Limited Partners Association (ILPA) annual summit takes place every
Event Details
Come and meet Scientific Infra & Private Assets (SIPA) at the ILPA Summit in New York on 4-6 November, 2025!
The Institutional Limited Partners Association (ILPA) annual summit takes place every year in Q4 and over the years has grown into one of the most important private equity events worldwide, efficiently connecting limited partners to qualified general partners and service providers while offering first-in-class educational sessions and timely talks on trending topics.
Come and connect with us at the Markets Group Private Equity Boston Forum on 12-13 November, 2025!
At the event, Abhishek Gupta, Associate Director and Head of Product Development at Scientific
Event Details
Come and connect with us at the Markets Group Private Equity Boston Forum on 12-13 November, 2025!
At the event, Abhishek Gupta, Associate Director and Head of Product Development at Scientific Infra & Private Assets (SIPA), will be moderating a panel discussion on “LP Insights on Fund Manager Selection in the Northeast”.
He will also be hosting a roundtable discussion on “Measuring Risk and Value in Private Equity Markets”.
The Private Equity Boston Forum is the premier New England event designed to enhance financial and investment practices while fostering collaboration within the private equity community through expert-led panels on key industry topics. The event will enable participants to gain insights into developing tailored exit strategies based on market conditions, mastering competitive deal sourcing, and optimising GP-led transactions and continuation funds, as well as to learn from top professionals how to maximise value, address risks, and enhance liquidity solutions.
Scientific Infra & Private Assets (SIPA) is proud to be a Platinum Sponsor of the forum.
For information on the event, please visit the dedicated web page.
Location
Harvard Club of Boston - Back Bay, 374 Commonwealth Ave Boston, MA 02215, United States
Markets Group produces in-person and virtual forums that help the investment management industry engage face to face. Founded in 2009, Markets Groups brings together the investment management community for peer driven thought leadership experiences that provide a platform for education, business development and networking.
Join us at the Insurance Asset Management Conference & Awards in London on 27 November, 2025!
This one-day conference will provide delegates from the insurance industry with essential and timely investment
Event Details
Join us at the Insurance Asset Management Conference & Awards in London on 27 November, 2025!
This one-day conference will provide delegates from the insurance industry with essential and timely investment presentations and thoughts from leading industry figures to help navigate the economic landscape. Delegates will also have networking opportunities throughout the day with industry peers to build on their insurance investment thinking and strategies.
Scientific Infra & Private Assets (SIPA) is proud to be a sponsor of the event.
For information on the event, please visit the dedicated web page.
Location
The Waldorf Hilton, Aldwych, London, WC2B 4DD, United Kingdom
