Morningstar PitchBook Evergreen Fund Indexes
Bringing transparency and structure to a complex and fast-growing segment of the private markets.
Key Features
Morningstar PitchBook Evergreen Fund Indexes
A standardized, rules-based approach to measuring the performance of US-registered, unlisted semiliquid funds.
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| Transparent benchmarking Offers a standardized, rules-based framework for tracking the aggregate performance of unlisted evergreen funds, enabling more consistent analysis across a historically opaque segment | Strategy-based segmentation Segments funds by underlying investment strategy, such as private credit, real estate, infrastructure, and private equity, enabling more relevant peer comparisons and performance analysis | |
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| Dual weighting schemes Offered in both asset-weighted and equal-weighted variants to support different analytical use cases. | Minimizes fee variability Focuses on institutional share classes to minimize fee-based performance distortions and enhance consistency in fund comparisons | |
Featured Indexes
AVAILABLE NOW
Morningstar PitchBook US Daily Evergreen Fund Indexes
Designed to provide higher frequency insights into this market segment by measuring the performance of unlisted semiliquid funds that report daily, primarily including interval funds and tender offer funds.
COMING SOON
Morningstar PitchBook US Evergreen Fund Indexes
Designed to capture the full investable universe of unlisted evergreen funds, including tender offer funds, interval funds, BDCs, and REITs, with subindexes focused on private capital strategies:
- Morningstar PitchBook US Private Capital Evergreen Fund Index
- Morningstar PitchBook US Private Equity Evergreen Fund Index
- Morningstar PitchBook US Private Real Estate Evergreen Fund Index
- Morningstar PitchBook US Private Infrastructure Evergreen Fund Index
- Morningstar PitchBook US Private Multi-Asset Evergreen Fund Index
- Morningstar PitchBook US Private Debt Evergreen Fund Index
- Morningstar PitchBook US Direct Lending Evergreen Fund Index
- Morningstar PitchBook US Alternative Credit Evergreen Fund Index
ANALYSIS
Benchmarking the Evergreen Evolution
Measuring Semiliquid Funds with the Morningstar PitchBook US Evergreen Fund Indexes
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