FTSE Russell, an LSEG business, and StepStone Group announced a proposed partnership to jointly develop private asset indices, data, and analytics products. This collaboration aims to establish a new industry standard for benchmarking performance in private capital markets.
The partnership will combine FTSE Russell's expertise in index design and management with StepStone's private markets solutions platform and extensive data-driven insights across multiple private asset classes. This initiative is designed to allow asset owners to better benchmark private markets portfolios and enable asset managers to develop products tracking these daily indices.
Mike McCabe, Head of Strategy at StepStone, emphasized that as private markets become more integral to investor portfolios, integrating views of risk and return across the total portfolio is critical. The initial cohort of daily indices is expected to launch this year, with further analytical tools to follow, leveraging StepStone's proprietary SPI by StepStone technology platform.
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