FTSE Russell, an LSEG business, and StepStone announced today they have signed a proposed partnership to jointly develop private asset indices, data, and analytics products.
The proposed partnership will combine FTSE Russell’s expertise in design, development, calculation and management of category defining indices across asset classes, with StepStone’s leading private markets solutions platform and deep data driven insights across multiple private market asset classes.
The partnership encompasses the development and delivery of market leading reference indices for a full spectrum of private asset allocations, allowing asset owners to better benchmark the performance of private markets portfolios within a total “real return” portfolio view and asset managers to develop products tracking these daily indices.
FTSE Russell and StepStone expect the initial cohort of daily indices to be launched this year, with further indices and supporting analytical tools to follow.
Fiona Bassett, CEO, FTSE Russell, said:
“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. 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. With StepStone’s broad, in-depth private markets dataset, we have chosen a great partner with which to build this offering.”
Mike McCabe, Head of Strategy, StepStone, said:
“As private markets have become more meaningful components of investors’ portfolios, the need for integrating views of risk and return across the total portfolio has become critical for investment decision makers. With a growing portion of the global economy remaining private not only for longer, but potentially indefinitely, we need to pave a pathway for further easing the access to differentiated sources of investment returns. Partnering with FTSE Russell will unleash the power and scale of our private markets data – contained within our proprietary technology platform, SPI by StepStone – to drive these goals forward. FTSE Russell’s leading index, benchmarking and technology platform underpinned by its client-centered approach gives us confidence that in partnering we can deliver a solution that is consistent with our mission to be the trusted partner of choice in private markets solutions globally.”
Contacts
About FTSE Russell, an LSEG business
FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.
FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.
A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.
FTSE Russell is wholly owned by London Stock Exchange Group.
For more information, visit FTSE Russell.
About LSEG
LSEG (London Stock Exchange Group) is a leading global financial markets infrastructure and data provider, playing a vital social and economic role in the world’s financial system.
With our open approach, trusted expertise and global scale, we enable the sustainable growth and stability of our customers and their communities. We are dedicated partners with extensive experience, deep knowledge and a worldwide presence in data and analytics; indices; capital formation; and trade execution, clearing and risk management across multiple asset classes.
LSEG is headquartered in the United Kingdom, with significant operations in 65 countries across EMEA, North America, Latin America and Asia Pacific. We employ over 26,000 people globally, more than half located in Asia Pacific.
LSEG’s ticker symbol is LSEG.
© 2025 London Stock Exchange Group plc and its applicable group undertakings (“LSEG”). LSEG includes (1) FTSE International Limited (“FTSE”), (2) Frank Russell Company (“Russell”), (3) FTSE Global Debt Capital Markets Inc. and FTSE Global Debt Capital Markets Limited (together, “FTSE Canada”), (4) FTSE Fixed Income Europe Limited (“FTSE FI Europe”), (5) FTSE Fixed Income LLC (“FTSE FI”), (6) FTSE (Beijing) Consulting Limited (“WOFE”) (7) Refinitiv Benchmark Services (UK) Limited (“RBSL”), (8) Refinitiv Limited (“RL”) and (9) Beyond Ratings S.A.S. (“BR”). All rights reserved.
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No member of LSEG nor their respective directors, officers, employees, partners or licensors provide investment advice and nothing in this document should be taken as constituting financial or investment advice. No member of LSEG nor their respective directors, officers, employees, partners or licensors make any representation regarding the advisability of investing in any asset or whether such investment creates any legal or compliance risks for the investor. A decision to invest in any such asset should not be made in reliance on any information herein. Indices and rates cannot be invested in directly. Inclusion of an asset in an index or rate is not a recommendation to buy, sell or hold that asset nor confirmation that any particular investor may lawfully buy, sell or hold the asset or an index or rate containing the asset. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional.
