Common Equity Price Return Index
Direct common equity co-investments and minority stakes in private companies, held by registered closed-end vehicles.
Returns reflect price appreciation only. Dividend income is not included for common equity positions.
Index Level
241.28
QoQ Return
+4.1%
Trailing 12M
+8.8%
Since Inception
+15.1%
Index Holdings
2,938
Unique Companies
2,606
Quarterly Returns
Concentration
By Manager
Blue Owl13.7%Partners Group12.6%Ares12.2%Cliffwater Enhanced Lending Fund8.0%Blackstone5.9%Cliffwater5.8%Fundrise Real Estate Interval Fund, LLC4.2%Prospect Capital3.6%Main Street Capital2.9%JPMorgan Private Markets Fund2.7%Other28.4%
By Company
Top 1%33.4%Top 1-5%28.6%Top 5-10%12.9%Top 10-20%12.3%Top 20-50%10.4%Top 50-100%2.5%
By Holding
Top 1%33.0%Top 1-5%28.9%Top 5-10%13.1%Top 10-20%12.3%Top 20-50%10.2%Top 50-100%2.5%
Asset Category Breakdown
Common Equity100.0% (2,938 constituent holdings)
Largest 20 Holdings
| Issuer | Category | Fair Value | Vehicle | Return |
|---|---|---|---|---|
| Port Arthur LNG Phase II Intermediate Company, LLC | Common | $1,079,456,000 | Blackstone Private Credit Fund | +62.0% |
| Wingspire Capital Holdings LLC, Specialty finance equity investment | Common | $607,284,000 | Blue Owl Capital Corp | +1.5% |
| Fundrise SFR JV 1, LLC | Common | $560,582,052 | Fundrise Real Estate Interval Fund, LLC | -0.7% |
| Tango Holdings LLC, Class A Units | Common | $526,684,000 | Ares Core Infrastructure Fund | +10.6% |
| First Tower Finance Company LLC | Common | $451,684,000 | Prospect Capital Corp | +21.0% |
| Blue Owl Credit SLF LLC | Common | $415,248,000 | Blue Owl Capital Corp | +8.9% |
| Fifth Season Investments LLC, Specialty finance equity investment | Common | $403,170,000 | Blue Owl Capital Corp | +1.3% |
| Specialty Lending Company, LLC - LLC Interest | Common | $381,241,000 | Blackstone Private Credit Fund | +2.0% |
| Fifth Season Investments LLC, Specialty finance equity investment | Common | $344,960,000 | Blue Owl Credit Income Corp | +0.2% |
| Unit4 | Common | $325,962,388 | Partners Group Private Equity Fund, LLC | +2.9% |
| LSI Financing LLC, Specialty finance equity investment | Common | $321,093,000 | Blue Owl Credit Income Corp | +2.0% |
| OCIC SLF LLC (fka Blue Owl Credit Income Senior Loan Fund LLC) | Common | $280,331,000 | Blue Owl Credit Income Corp | -2.6% |
| Fundrise MF JV 1, LLC | Common | $257,081,404 | Fundrise Real Estate Interval Fund, LLC | +4.0% |
| MSC Adviser I, LLC | Common | $255,020,000 | Main Street Capital Corp | +0.9% |
| Valley Electric Company, Inc | Common | $233,330,000 | Prospect Capital Corp | -6.3% |
| Apex Clean Energy TopCo, LLC, Class A common units | Common | $225,800,000 | Ares Capital Corp | +0.4% |
| Green DC LuxCo sarl | Common | $222,486,296 | Partners Group Private Equity Fund, LLC | +14.2% |
| Meade Pipeline Co LLC | Common | $214,956,000 | Ares Core Infrastructure Fund | +6.0% |
| FEH Group, LLC, Warrant to purchase shares of ordinary shares 1 | Common | $213,400,000 | Ares Capital Corp | +2.3% |
| LSI Financing LLC, Specialty finance equity investment | Common | $210,634,000 | Blue Owl Capital Corp | +2.0% |