FTSE Russell partners with StepStone to launch private asset indices
London Stock Exchange-owned FTSE Russell has signed a partnership with US private markets firm StepStone to jointly develop indices tracking private assets later this year.
The “proposed partnership” will see the companies jointly launch the private asset indices, as well as data and analytics products, the firms said.
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The companies expect the initial cohort of daily indices to be launched this year, with further indices and supporting analytical tools to follow.
“Our agreement with StepStone and its intended delivery of private asset indices and benchmarking tools further strengthens FTSE Russell’s position as a leading multi-asset class index and benchmark provider,” said Fiona Bassett, chief executive of FTSE Russell.
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“With the continued growth in private asset allocation and growing client demand, it is essential for us not only to deliver leading indices in this asset class but to work with partners aligned to our commitment to transparency, rules-based methodologies, robust data provenance and investability.
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