Private Markets
Private markets are expanding and evolving — fundamentally transforming business models and sectors to fuel investment in infrastructure, the energy transition, and beyond. New dynamics and disruptions require new strategies for investors and companies to grow and prosper. S&P Global provides market participants with the transparency across asset-classes, benchmarks to measure risks and opportunities, and best-in-class data and insights they need to understand and power the future of capital.
In private markets, insight is everything
Essential Intelligence® from S&P Global sheds light on your private market investments by fighting information scarcity and bringing together critical insights, access, and technology. So you can find value where others can’t.
Get Unparalleled Access to Private Asset Insights
Uncover the unknown with private markets data, software, and tools that empower you to capture what’s next.
Private Equity
Whether you are looking to inform capital allocation based on investment strategy returns, identify limited partners, or standardize portfolio company data collection, our private markets data capabilities and powerful technology solutions give you unparalleled insights.
Venture Capital
With data and technology tailored to the unique needs of venture capital (VC) firms, we offer the nimble tools you need to manage venture investments. Research companies and sectors, track KPIs for portfolio companies, get audit-ready valuations, and more.
Private Debt
The complex landscape of private debt and direct lending demand specialized solutions that can keep you ahead of the competition. Get an end-to-end solution for the private debt investment lifecycle, with functionality for credit research, pipeline management, portfolio analysis and compliance.
Real Assets
Across real estate and infrastructure, we offer the breadth of private markets data you need to understand market risk, the flexibility to manage complex fund structures, and the data fluency required to centralize information and understand performance at the asset-level.
Solutions for Private Markets
Sustainability Solutions
We provide essential sustainability data insights to help you get ahead of emerging or underreported sustainability trends. Built on comprehensive data sources, sound methodology, and a sharp focus on material issues, our ESG Scores assess a range of sustainability factors expected to have an impact on a company’s growth, profitability, capital efficiency, and risk exposure in the investment process.
Sustainability Reporting
Centralize sustainability data collection, analysis, and reporting alongside other portfolio monitoring information. A dedicated module within iLEVEL empowers you to manage the unique complexity of measuring the sustainability impact of private asset investments, with flexible data workflows that can be customized to report on nuanced information and meet rapidly evolving regulatory frameworks.
Fund Valuation
Get reliable intelligence on the value of your private asset portfolio, meet your reporting and audit obligations, and optimize your investment exits with trusted valuation solutions. We offer flexible options to support your finance team, with full-service third-party portfolio valuations and Qval, a unique software solution that automates the valuation workflow.
Credit Risk
Easily assess the credit risk of over 52M+ public and private companies with RiskGauge Reports that leverage cutting-edge analytical models and credit scores, robust private company data, company firmographics, relative performance benchmarks, and rich, insightful commentary.
Portfolio Monitoring
Manage the flow of private markets data and create a single source of truth across your firm with iLEVEL, the transformational software solution that brings new transparency and insight to alternative investment portfolios. iLEVEL helps general partners and limited partners streamline data collection, portfolio monitoring, analytics, valuation, and reporting.
Managed Data Services
Centralize critical information about your private investment portfolio using the industry’s most advanced private markets data collection technology and an experienced data team. iLEVEL Managed Data Services automate and standardize financial reporting from your fund managers or portfolio companies, helping you achieve unparalleled insight by enhancing the completeness and quality of investment data.
Benchmarking
Get the most comprehensive data and easy-to-use tools for benchmarking fund performance. With data from Preqin and Cambridge Associates, as well as built-in benchmark analysis tools in iLEVEL, we make it easier to understand and report on portfolio performance.
Virtual Data Room
The Prism VDR delivers a faster, more streamlined way to securely share sensitive information with investors, limited partners, or other key stakeholders for any fundraising or fund reporting needs, all accessible from a single portal. Built for the needs of the private markets and fully integrated with iLEVEL, Prism offers easy user permission granting and data accessibility.
Private Debt Solution
Streamline investment workflows and enhance performance with an integrated private debt solution. Our workflow tools enable credit managers and direct lenders to develop greater visibility across the investment lifecycle, consolidate pipeline information, administer private credit portfolios, and create a single source for investor reporting.
Private Market Insights
The Growth of Private Debt Markets
Ruth Yang, the Global Head of Thought Leadership at S&P Global Ratings joins the Seek & Prosper Interview Series to discuss private debt. She covers the reasons for the private debt market growth over the last ten years, the future of private debt as interest rates creep upward, and the importance of direct lending for a healthy economy.
Solutions for Private Debt Markets
Our independent opinions on creditworthiness take a holistic view for the totality of private markets participants—from direct lending, business development companies, and middle-market collateralized loan obligations, to private equity, fund financing, and beyond.
Private Markets Case Studies
Explore our case studies to learn how our clients are successfully navigating the rapidly changing landscape of private markets with S&P Global.
Private Markets: Look Forward
In a rapidly changing world in which markets transform and evolve at a pace never seen before, new risks and opportunities are constantly emerging and established wisdom is continually challenged. In moments of upheaval and transition, the following report is designed to build understanding about growing private debt and private equity markets.
Visionaries Shaping Private Markets
S&P Global Market Intelligence
Ruth Yang
S&P Global Ratings
Managing Director, Global Head of Ratings Thought Leadership
As Global Head of Private Markets & Thought Leadership, Ruth Yang is responsible for developing and expanding S&P Global Ratings’ coverage of private credit alongside the franchise’s market engagement in both public and private markets through thought leadership outreach.
As Global Head of Private Markets & Thought Leadership, Ruth Yang is responsible for developing and expanding S&P Global Ratings’ coverage of private credit alongside the franchise’s market engagement in both public and private markets through thought leadership outreach. She serves as the Chair of the cross-divisional S&P Global Private Debt Research Lab.
Previously, she led the company’s Credit Research & Insights research team, overseeing the creation and publication of macro-credit and thematic research, risk assessments, rating transition analyses, and credit market forecasts while governing the Credit Conditions Committee (CCC) process. Ruth has more than 25 years of experience in the leveraged finance markets—including with Fitch Solutions as Managing Director for Leveraged Finance Intelligence, where she was responsible for developing their leveraged finance offerings; and with Leveraged Commentary & Data, where she managed leveraged finance content and operations globally for more than 15 years.
Ruth received an A.B. with honors from Harvard University.
S&P Dow Jones Indices
Nicholas Godec, CFA
Index Product Manager, Tradable Indices
Nicolas Godec is a product manager for financial services at S&P Dow Jones Indices, focusing on tradable indices within the credit markets.
Nicolas is an Index Product Manager covering tradable indices, including OTC and Exchange Listed Derivatives and the development of indices for Exchange Traded Funds. In addition to serving as a product expert for the various indices and their tradable equivalents, he chairs the committee for and manages the launch of new North American CDS index series, including the Markit CDX High Yield and Investment Grade, CDX Emerging Markets, CMBX and MCDX indices. Prior to joining S&P Global, he was a research analyst on the Bank of America Merrill Lynch Global Bond Indices team that is now a part of the Intercontinental Exchange.
Nicolas is a CFA charterholder and holds a Certificate in Investment Performance Measurement (CIPM). In 2019, he completed his MBA from Columbia Business School's Executive MBA program, graduating with Dean's Honors.
S&P Global Market Intelligence
Laura Misher
Vice President – Head of Business Development and Growth Strategy for Data & Insights
S&P Global Market Intelligence
Chris Sparenberg
Head of iLEVEL
Chris Sparenberg is head of business for iLEVEL, our portfolio monitoring solution which is used by more than 700 asset managers and allocators. He is responsible for the growth and strategic direction of the business.
During his time with Market Intelligence, Chris has contributed to the development and execution of the firm’s private markets strategy, including responsibility for go-to-market, sales enablement, product strategy, strategic client development, and synergies.
Before Market Intelligence, Chris spent 5 years at Cambridge Associates in portfolio monitoring and quantitative due diligence, where he was also responsible for the production and distribution of Cambridge’s Private Investments benchmarks. Chris also held roles in Product and Data Strategy at eVestment/Nasdaq and Juniper Square.
S&P Global Market Intelligence
Matthew Long
S&P Global Market Intelligence
Director, Private Markets Business Development
Matthew Long manages business development for private markets clients within Data, Valuation & Analytics at S&P Global Market Intelligence.
Matthew Long manages business development for private markets clients within Data, Valuation & Analytics at S&P Global Market Intelligence. He supports private equity and venture capital clients in using data and technology to develop more effective workflows for deal sourcing, investment analysis, and reporting. He holds an MBA from Columbia Business School and a BA from Yale University.
S&P Global Market Intelligence
Ilja Hauerhof
S&P Global Market Intelligence
Director, New Product Development & Research, Private Markets
Ilja Hauerhof is Director Private Markets New Product Development & Research, Company Intelligence & Analytics, S&P Global Market Intelligence.
Ilja assumes responsibility for conceptualizing and developing research-based, data-driven new products and solutions by utilizing a range of data sets - including existing, derived, new, and differentiated ones - to unlock additional value and offer clients deeper insights into Private Markets. Since joining S&P Global Market Intelligence in 2012, Ilja has held positions in Content, Product Management and Desktop Market Development. Ilja holds a degree in Economics from the University of Regensburg, Germany and is fluent in English and German.
S&P Global Market Intelligence
Laura Erwin
S&P Global Market Intelligence
Executive Director, Private Valuations
Americas Head of Private Asset Valuations at S&P Global Market Intelligence
Laura joined the Private Valuation Services team at S&P Global in 2015. Over the last 9 years, Laura has been instrumental to S&P Global's drive to create new product offerings, especially around valuation practice, due to the changing regulatory landscape.
Laura has over 15 years of extensive training and hands-on expertise in valuing illiquid and complex securities across capital structures, industries, and geographies. She advises senior fund management in establishing best-in-class valuation policies and procedures.
Before joining S&P Global, Laura spent 4 years at Esposito Private Equity Group, where she was responsible for all aspects of strategy, sourcing, due diligence, and monitoring. Earlier in her career, Laura was a buy-side analyst at Beal Bank, the largest privately owned bank in the state of Texas, where she focused on valuing distressed debt instruments during the global credit crisis.
Laura is a frequent speaker in industry conferences and has authored several publications. A cum laude graduate of Principal College in Elsah, IL, Laura has held the Series 7, 24, 66, and 79 securities registrations.
S&P Global Market Intelligence
Victor Eng
S&P Global Market Intelligence
Senior Director, Data & Insights
Private Markets Events and Webinars
