December 4, 2025

Addressing private market data challenges

Gerald Toledano

Head of Equity and Alternatives, FTSE Russell

Ali Zaidi

Head of Real Assets and Alternatives, FTSE Russell

Tom Keck

Co-founder, StepStone Group

Private markets are expanding rapidly as institutional and retail allocations grow and regulatory changes broaden access globally. This growth brings new challenges: fragmented and inconsistent data, lack of standardisation, and significant latency that hinders timely decision-making. In a recent interview, thought leaders from FTSE Russell and StepStone Group discussed how these issues are being addressed and what innovations are shaping the future.

Key takeaways:

  • Rising Demand: Increased allocations and regulatory developments are driving exponential demand for granular, timely private market data
  • Investor Challenges: Data fragmentation, inconsistent methodologies, and latency make it difficult to build a coherent, real-time view
  • Innovative Solution: Launch of FTSE StepStone Global Private Market Indices, the first daily, fund-level benchmarks offering cash-adjusted and mark-to-market methodologies
  • Future Outlook: Broader adoption will enable liquidity solutions, enhance transparency, and unlock deeper insights into risk, factor exposures, and liquidity premiums