Overview

Backed by extensive empirical research, the LPX NAV P/D Index Series provides investors with a robust framework for understanding the relationship between listed and unlisted private equity investments. Studies consistently demonstrate a strong correlation between the NAV trajectories of listed private equity companies and those of traditional (unlisted) private equity funds. This connection allows the LPX NAV P/D Index Series to serve as a reliable proxy for assessing both current and historical valuation environments within the broader private equity landscape.

Beyond simply reflecting underlying NAV developments, the LPX NAV P/D Index Series offers valuable insights into the prevailing premium/discount dynamics. By continuously capturing the variance between listed market valuations and the NAV estimates of private equity portfolios, these indices provide investors with a timely, data-driven vantage point. This perspective enables more accurate benchmarking, enhances risk management, and supports strategic decision-making.

As a valuation barometer uniquely attuned to market realities, the LPX NAV P/D Index Series empowers investors—ranging from institutional asset managers to individual stakeholders—to confidently navigate the complexities of private equity investments. Armed with transparent and up-to-date information, market participants can respond swiftly to evolving conditions, align strategies with prevailing trends, and ultimately extract greater value from their private equity allocations.

Key Features

Daily Publication

Published daily as percentages, with negatives showing a discount (price below NAV) and positives showing a premium (price above NAV).

Market Relevance

These indices are particularly suitable for the investors who are active in the private equity secondary market.

Valuation Proxy

Serves as a reliable benchmark for assessing current and historical valuation environments within the private equity landscape.

Timely and Data-Driven

Continuously updated to reflect evolving market conditions, enabling swift response and informed decision-making.

Enhanced Risk Management

Empowers investors to identify valuation discrepancies, better manage portfolio risk, and optimize asset allocation strategies.

Broad Applicability

Applicable to a range of market participants—from institutional asset managers to individual investors—seeking a transparent, research-backed valuation tool.

Links and Documents

LPX NAV Index Series

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Index Guidelines & Compliance

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