About
About the Private Markets Index family and how it is constructed.
Private Markets FV
$362.4B
BDCs
113
Interval Funds
32
Tender Offer Funds
18
About the Index Family
The Evergreen Private Markets Index family provides transparent, position-level benchmarks for the portfolio holdings of SEC-registered evergreen vehicles: business development companies (BDCs), interval funds, and tender offer funds. These are the registered, wealth-accessible vehicles that have opened private credit and equity markets to a broader investor base.
The index currently tracks 163 reporting entities (113 BDCs, 32 interval funds, 18 tender offer funds) representing $362.4B in private markets fair value.
Why Evergreen Vehicles?
Existing benchmarks rely on voluntary manager surveys or track only a subset of the market. By constructing indices from the mandatory portfolio disclosures of every registered vehicle, the Evergreen Private Markets Index provides complete, unbiased coverage of this rapidly growing market segment, at the individual position level, mirroring the granularity of public credit benchmarks like the Morningstar LSTA Leveraged Loan Index.
Index Construction
The indices are constructed through a rigorous, rules-based process that transforms mandatory SEC filings into position-level benchmarks. The methodology is fully systematic with no discretionary overrides.
Universe identification
6 independent SEC data sources
BDC portfolio extraction
10-K/10-Q schedules of investments
Fund portfolio extraction
N-PORT quarterly holdings
Holdings unification
Classification and deduplication
Position matching
Across reporting periods
Return decomposition
Price + income + principal
Index aggregation
FV-weighted, chain-linked from 100
Update Frequency
Indices are updated quarterly following SEC filing deadlines, with a one-quarter observation lag. The current dataset covers 2019 Q4 through Q4 2025. BDC portfolio coverage begins around 2022 when the SEC phased in structured tagging requirements. Fund portfolio data (N-PORT) extends back to late 2019.
Last updated: 4/9/2026
Disclaimer
This data is derived from publicly available SEC filings and is provided for informational and research purposes only. It does not constitute investment advice, a solicitation, or an offer to buy or sell any securities. Past performance is not indicative of future results.
No warranty is made as to the accuracy, completeness, or timeliness of the data. The reported fair values reflect fund-level mark-to-model estimates, not market transaction prices. Users should independently verify any data before making investment decisions.
Learn More
For detailed information on index construction, see the Methodology page.