Every privateMetrics index is defined once as a family — a geography and a set of PECCS® screens — then published in local currency, USD, EUR and GBP, capitalisation- and equal-weighted. All series are monthly, all equity.

The two products publish the identical 52-metric set — they differ in what the index measures, not in what is reported about it.

Market Indices

Benchmark the asset class

Four headline benchmarks — private2000® and its US, European and Asia-Pacific counterparts. Broad, unsegmented, monthly, and the natural reference point for a private equity allocation.

Thematic Indices

Segment the market by PECCS

326 families cut by activity, lifecycle phase, revenue model, customer model, value chain, company size and geography — the full PECCS® taxonomy applied as index screens.

Side by sideMarket IndicesThematic Indices
Index families4326
Published metrics5252
of which time series4444
FrequencyMonthlyMonthly
Geographies421
PECCS screens appliednoneup to two pillars
Earliest historyJune 2013June 2013

All indices are published in local currency plus USD, EUR and GBP, both capitalisation-weighted and equal-weighted.

Product 01

Market Indices

Four headline benchmarks for private equity-backed companies — one global, three regional. No PECCS® screen is applied: these represent the investable universe as a whole, and are the reference against which the thematic indices are read.

4
Named indices
52
Metrics
44
Full time series
Monthly
Frequency
2013
History from
IndexGeographyCodeFrequencyHistory from
private2000®GlobalWRLDMonthlyJune 2013
privateUS®United StatesUSMonthlyJune 2013
privateEurope®EuropeEUMonthlyJune 2013
privateAPAC®Asia PacificAPACMonthlyJune 2013

All four start from the same date and share the same construction — the flagship private2000® is the global parent, with the three regional indices carved from the same universe.

The 52 metrics

Returns, risk, valuation, factor attribution and full PECCS composition — 44 of them as time series. This is the same set published on Thematic Indices.

Returns

Price level and the components of total return

Index PriceMoM Total ReturnsCumulative Total Returns Annualised Total ReturnsPrice ReturnsCash ReturnsExcess Returns

Risk

Dispersion, tail risk and drawdown

VolatilitySharpe RatioVaR 97.5%VaR 99.5%Max Drawdown

Valuation & fundamentals

Index-level multiples and margin

Price-to-EarningsEV-to-SalesEV-to-EBITDA Price/Sales TimeseriesEBITDA MarginExpected Returns Timeseries

PE factor model

Six factors, each as a factor return and a contribution to index return

SizeMaturityCountry RiskProfit LeverageGrowthTotal Factor-Based ReturnIntercept Contribution

PECCS composition

Each pillar published twice — weight in the index, and contribution to return

Activity ClassActivity SubclassRevenue Model Lifecycle PhaseCustomer ModelValue Chain

Geography & market structure

Where the index sits and how concentrated it is

Region AllocationCountry AllocationCurrency Allocation Market CapitalisationTurnover RatioIndex Constituents

Product 02

Thematic Indices

326 index families that cut the private equity universe along the PECCS® pillars — what a company does, where it is in its life, how it earns, who it sells to, how its value chain is organised, and how big it is. Activity is the primary screen; the other pillars are published as global cross-cuts against it.

326
Index families
52
Metrics
21
Geographies
6
Screening pillars
Monthly
Frequency

How the library is built

Every family screens on at most two pillars. Activity screens run across all geographies; the remaining pillars are cut globally, crossed with activity.

ScreenScopeFamilies
ActivityGlobal and per geography183
Activity × Lifecycle phaseGlobal33
Activity × Revenue modelGlobal25
Activity × Value chainGlobal20
Activity × Customer modelGlobal18
Company sizeGlobal and per geography15
Geography only (no PECCS screen)Global and per geography20
Total326

Activity — top classes

PECCS pillar · superclass families

Manufacturing29
Retail28
Professional & other services28
Information & communication24
Natural resources23

11 of 12 activity classes have a live index; Utilities is the one gap in the taxonomy.

Lifecycle, revenue & value chain

PECCS pillars · global families

Lifecycle: Startup / Growth / Mature12 ea.
Revenue: Production model12
Revenue: Advertising model7
Value chain: Services12
Company size: Large / Mid / Small5 ea.

Global dominates the geographic mix — 174 of 326 families — because every PECCS pillar other than activity is published globally only. Outside the global set, coverage concentrates in Western Europe, the US, Japan and China, taking the catalogue to 22 distinct geographies overall once the four Market Indices' regions are included.

The 52 metrics

The identical set published on Market Indices — returns, risk, valuation, factor attribution and full PECCS composition, 44 of them as time series.

Returns

Price level and the components of total return

Index PriceMoM Total ReturnsCumulative Total Returns Annualised Total ReturnsPrice ReturnsCash ReturnsExcess Returns

Risk

Dispersion, tail risk and drawdown

VolatilitySharpe RatioVaR 97.5%VaR 99.5%Max Drawdown

Valuation & fundamentals

Index-level multiples and margin

Price-to-EarningsEV-to-SalesEV-to-EBITDA Price/Sales TimeseriesEBITDA MarginExpected Returns Timeseries

PE factor model

Six factors, each as a factor return and a contribution to index return

SizeMaturityCountry RiskProfit LeverageGrowthTotal Factor-Based ReturnIntercept Contribution

PECCS composition

Each pillar published twice — weight in the index, and contribution to return

Activity ClassActivity SubclassRevenue Model Lifecycle PhaseCustomer ModelValue Chain

Geography & market structure

Where the index sits and how concentrated it is

Region AllocationCountry AllocationCurrency Allocation Market CapitalisationTurnover RatioIndex Constituents

Want to walk through the privateMetrics taxonomy with our team?