Bip Capital Says Private Market Benchmarks Fail to Represent Full Opportunity Set

• Bip Capital’s analysis finds private-market benchmarks do not reliably represent the investable market, undermining the case for index-based allocations.
• Voluntary manager reporting creates selection bias, while subjective valuations smooth returns and understate underlying asset volatility.
• Investors cannot buy private-market indexes directly; available proxies introduce manager selection, deployment timing and additional fees that determine outcomes.
• Benchmark expansion supports distribution into retirement portfolios as private equity reaches roughly 8% of global investable equity, versus 1% in 2000.
• Allocators should assess reporting coverage, valuation methods and proxy costs rather than treat benchmarks as measures of the entire asset class.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bip Capital LLC published the original content used to generate this news brief on October 22, 2026, and is solely responsible for the information contained therein.