What is included in the initial dataset release, and what’s coming next?

The initial release provides comprehensive, standardized data across thousands of funds and underlying assets in private credit and real assets, with private equity and other asset classes planned to follow later in 2026.

How do the datasets work - what are the key features?

S&P Global’s iLEVEL portfolio monitoring platform and new private markets taxonomy have been used to standardize, aggregate and anonymize GP data—supporting analysis for both limited partners (LPs) and general partners (GPs).

What value do investors get, and how can the datasets be used?

The datasets are intended to help investors: Compare performance across similar investments using consistent, standardized metrics Understand and manage risk using market-, sector- and deal-level data. Assess portfolio impact from market events with greater speed and confidence. Gain insight into asset valuation trends, fundraising dynamics and deal activity.

Private Markets Performance Analytics

Q: What challenge are the S&P Global, Cambridge Associates, Mercer Private Markets Performance Analytics designed to address for investors?

The analytics have been created to transform fragmented private markets data into standardized, comparable intelligence, helping investors compare performance manage risk underwrite deals, and understand portfolio impacts.

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Solution
Use Cases
Benefits
Related Content
Videos
FAQs
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Overview

Investors need precise, standardized data to act with conviction in today’s private markets. That is why we have collaborated with two of our clients, Cambridge Associates and Mercer (a Marsh business), to build first-of-its-kind private markets performance analytics at the market, fund, asset and deal levels.

The S&P Global, Cambridge Associates, Mercer Private Markets Performance Analytics empower asset allocators and managers to compare performance, understand and manage risk, and determine how events impact their portfolios, with increased confidence, efficiency and speed. The analytics span private equity, private credit and real assets, with datasets for other asset classes to follow over the coming months.

We are using the capabilities of our iLEVEL platform to standardize, aggregate, and anonymize GP data from across the industry, based on a new, more detailed taxonomy we have developed with Cambridge Associates and Mercer to reflect the evolution of private markets.

Request Follow Up

Interview with Chris Sparenberg, Managing Director, Head of Alternatives & Private Markets, S&P Global Market Intelligence

The Solution

We are using the capabilities of our iLEVEL platform to standardize, aggregate, and anonymize GP data from across the industry, based on a new, more detailed taxonomy we have developed with Cambridge Associates and Mercer to reflect the evolution of private markets.

With coverage across thousands of funds and their underlying assets, the resulting Private Markets Performance Analytics enable timely, like-for-like comparisons at all levels of the industry, including:

Market level: aggregate performance trends
Fund level: fundraising, capital flows, dry powder, performance, fees
Asset level: detailed investment characteristics, performance and deep data such as operating and property metrics
Deal level: entry and exit transaction information

Use Cases

The Private Markets Performance Analytics support a wide range of use cases for asset allocators and managers, including:

Fund and deal performance comparison
Fundraising and capital deployment trends
Asset valuation trends
Deal activity by geography, sector and size
Dry powder analysis
Asset and deal-level analysis (such as entry / exit multiples, net debt and EBITDA)
Emerging investment sectors and specialist fund and vehicle activity

Benefits

Comparability

Compare performance across a range of parameters at the market, fund, asset and deal levels

Confident decision-making

Make decisions with conviction based on timely data and a comprehensive view across the industry

Further exploration

The Private Markets Performance Analytics complement our wider private markets data estate, including With Intelligence and S&P Capital IQ Pro

Insights

Access new timely insights, such as which sectors are over- or under-performing

Operational efficiency

Avoid time-consuming data wrangling with the use of our new standardized taxonomy

Visibility

Gain visibility into performance across global private markets

Videos

Interview with Chris Sparenberg, Managing Director, Head of Alternatives & Private Markets, S&P Global Market Intelligence

Interview with Josh Zweig, Managing Director, Co-Head of North American Private Equity Research, Cambridge Associates

Interview with Mike Forestner, Global CIO, Private Markets, Mercer

Frequently Asked Questions (FAQ)

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Discover how you can enhance your decision-making with market, fund, asset and deal-level insights, powered by data from S&P Global, Cambridge Associates and Mercer, a Marsh business

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