EDHEC Infra & Private Assets

DID YOU OUTPERFORM THE PRIVATE EQUITIES MARKET THIS SEPTEMBER? The private2000® index, representing a sample of private company investments across 30 countries, achieved a 0.72% return in September 2024, 4.45% YTD, and an 8.85% annualized return over the past 12 months. This week, we compare it with the PECCS Manufacturing sector (Code: AC06), which has underperformed with a 0.53% monthly return and 3.10% YTD, highlighting sector-specific dynamics that present unique opportunities for investors. Scientific Infra & Private Assets (SIPA) offers hundreds of indices and comparable data points in private markets to help investors assess performance across various private equity segments. In this privateMetrics October 2024 release, we explore flagship private market indices and examine the performance of key PECCS Activities. By leveraging data from over 80,000 assets each month, we deliver detailed insights to support better-informed investment decisions in private markets. Read the report here: https://lnkd.in/e8cDPa-z Discover the main data highlights in our latest factsheet: https://lnkd.in/eVBAfN6K Contact us to schedule a privateMetrics demonstration: https://lnkd.in/eUbMuivr

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📈Q3 2024 Index Release Announcement! We are pleased to announce the release of the Q3 2024 updates for three of our flagship indices: private2000®, infra300®, and infraGreen. These indices provide comprehensive insights into the performance of private equity and infrastructure companies globally. 🌐private2000® Index This index tracks the monthly performance of 2,000 private companies across 30 key markets and is designed to mirror a globally diversified private equity portfolio. The private2000® Index generated a robust 4.20% return for Q3 2024, marking a rebound from the previous quarter and bringing the year-to-date return to 4.45%. 🌉infra300® Equity Index The infra300® Index, widely recognized as the industry benchmark for infrastructure performance, tracks the monthly returns of 300 unlisted infrastructure companies worldwide. This index spans a diverse range of sectors, offering a comprehensive view of global infrastructure market trends and performance. The index saw a 5.59% total return in Q3, with the Transport and Renewable sectors being the primary drivers. 🌱infraGreen Equity Index As an ESMA-registered benchmark for private renewable infrastructure investments, the infraGreen accurately reflects the performance of unlisted companies in the renewable energy sector. The index recorded a 5.03% total return in Q3, driven by interest rate cuts and a lower equity risk premium, leading to higher valuations. For detailed analysis and insights into the performance drivers, valuation trends, and constituent changes of each index, please refer to the full reports available on our website. Discover more on our website and reach out to us by filling the demo request form: https://lnkd.in/egj_k-N7

We are proud to see Nishtha Manocha, PhD and Qinyu G. participating in #AlterCOP29 on November 13. It is inspiring to watch our team members sharing insights on quantifying climate risk and building resilience into infrastructure assets!

📢 Join us at "DCALTA - The Collective Voice on Alts in DC Plans" conference! DCALTA - Defined Contribution Alternatives Association presents "The Collective Voice on Alts in DC Plans"— a conference dedicated to exploring the latest developments and opportunities in alternative investments within Defined Contribution (DC) plans. At this event, our Associate Director and Head of Product, Abhishek Gupta, will lead a presentation on "Measuring Alpha in Private Market Funds," where he will explore a data-driven approach to measuring and tracking alpha in private market funds using privateMetrics®. Register for the event and join the session here: https://lnkd.in/gwuJEqUt

BUY, SELL OR HOLD? IS PRIVATE EQUITY CHEAPER NOW? Higher interest rates, a sluggish exit environment, reduced distributions, and extended fundraising periods have created a challenging backdrop for private equity valuations. These factors have contributed to putting downward pressure on valuations. Despite the headwinds facing private equity valuations, the current market presents compelling opportunities for discerning investors who can leverage granular data to identify undervalued assets. In a new report, ‘Buy, Sell or Hold?', we discuss trends and dispersion of the different valuation multiples and the opportunities that may exist for investors in private equity markets. Read the report for the key findings: https://lnkd.in/gg5Kzxnm To find out more about privateMetrics Comparables, refer to this product factsheet: https://lnkd.in/gh4wKjjq See how our data can work for you:  https://lnkd.in/gU--sDA8

🎧 New, must-listen podcast for private market investors and decision-makers! 🎧

Read our latest paper on a smart infrastructure approach to portfolio diversification, now published in the Journal of Alternative Investments and chosen as a Top Pick by Portfolio Management Research

Our Top Pick Article 'Achieving Diversification in Unlisted Infrastructure Investment: A Smart Infra Portfolio Construction' by Frederic Blanc-Brude, Abhishek Gupta & Moataz Farid, PhD is here: https://lnkd.in/eXbVs_9c Challenging conventional wisdom, the authors assert that simply increasing the number of assets, sectors, and geographies does not efficiently enhance diversification. Instead, it is possible to achieve a good level of diversification with fewer positions if diversification is based on risk factors. The authors assert that unlisted infrastructure equity should represent between 4.5% and 13% of multi-asset portfolios comprising traditional and alternative investments. Featured: The Journal of Alternative Investments Fall 2024, 27 ( 2) 8 - 36 #InfrastructureInvesting #PortfolioDiversification #UnlistedEquity #StrategicAssetAllocation #AlternativeInvestments #SmartInfra

🌎 Join us at EDHEC Private Assets Day 2024! 🌎 When: December 11 Where: New York In one of the key presentations, "Private Markets: Buy, Sell or Hold?", Frederic Blanc-Brude, Director, EDHEC Infra & Private Assets and Dan Murphy, Managing Director, Goldman Sachs Asset Management will discuss the dynamics of private asset market prices using twenty years of deal data and a multi-factor approach to better understand why and when private asset prices change and how it can be measured to create robust, high-frequency, time-weighted private market indices. Key topics include: • What makes private asset prices change? (systematic vs idiosyncratic risks)  • A robust asset pricing model  • Are private markets expensive? RSVP: https://lnkd.in/eUbvXSe4