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Nasdaq Launches new Private Capital Indexes, expanding Its Private Capital Solutions Platform

Nasdaq (NDAQ) launched the Nasdaq Private Capital™ Indexes on Feb 10, 2026, a rules‑based benchmark suite covering private capital strategies.

(Moderate)
(Positive)
Tags

Nasdaq (NDAQ) launched the Nasdaq Private Capital™ Indexes on Feb 10, 2026, a rules‑based benchmark suite covering private capital strategies. The indexes are built from >14,000 institutional funds representing $11.4 trillion in global AUM and use Modified Dietz, NAV‑weighted aggregation, and a two‑quarter restatement process.

Delivered via Nasdaq eVestment TopQ+, Nasdaq Global Index Watch, and data licensing, the suite aims to improve transparency, benchmarking, and analytics for private markets across equity, debt, real estate, and fund‑of‑funds strategies.

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Positive

  • Coverage: Built from >14,000 institutional funds representing $11.4 trillion in global AUM
  • Methodology: Rules‑based approach using Modified Dietz, NAV‑weighted aggregation, and standardized restatements
  • Distribution: Delivered via Nasdaq eVestment TopQ+, Nasdaq GIW, and data licensing for workflow integration

Negative

  • Market fragmentation: Private markets remain highly fragmented with data often trapped in silos
  • Data restatements: A standardized two‑quarter restatement process indicates periodic NAV revisions may affect benchmark continuity
Argus Feb 10 session
-4.39% close to close Open Argus
Details

News Market Reaction – NDAQ

In the Feb 10 session, NDAQ declined 4.39%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement extends Nasdaq’s Private Capital Solutions platform with new benchmarks built on m...
Analysis

This announcement extends Nasdaq’s Private Capital Solutions platform with new benchmarks built on more than 14,000 funds and over $11.4 trillion in AUM, using a rules-based methodology including Modified Dietz measurement and NAV‑weighted aggregation. It builds on recent earnings strength and technology wins, reinforcing Nasdaq’s focus on data and analytics. Investors may watch adoption of these indexes and any associated revenue disclosures in future earnings reports.

Key Figures

Private market funds: more than 14,000 funds Global AUM coverage: over $11.4 trillion Restatement process: two-quarter restatement +5 more
Private market funds
more than 14,000 funds
Institutional private market funds in LP-reported dataset
Global AUM coverage
over $11.4 trillion
AUM represented by Nasdaq Private Capital Indexes dataset
Restatement process
two-quarter restatement
Standardized methodology for index calculations
Share price
$86.30
Pre-news current price for NDAQ
Daily move
1.73%
Pre-news 24h price change for NDAQ
52-week range
$64.84–$101.79
NDAQ 52-week low and high before this news
200-day MA
$89.95
NDAQ 200-day moving average level
Market cap
$48,437,542,581
NDAQ equity value prior to index launch announcement

Historical Context

5 past events · Latest: Feb 05
5 events
  1. Feb 05

    Investor Day announcement

    24h Move
    -0.8%

    Scheduled 2026 Investor Day with webcast and materials for investors.

  2. Feb 04

    Monthly volume update

    24h Move
    -3.4%

    Release of January 2026 trading volume statistics for investor review.

  3. Feb 04

    Tech platform win

    24h Move
    +0.9%

    Osaka Exchange adopts Nasdaq Eqlipse trading and surveillance technology.

  4. Jan 29

    Dividend declaration

    24h Move
    -0.6%

    Announcement of a regular quarterly dividend of $0.27 per share.

  5. Jan 29

    Earnings results

    24h Move
    -0.6%

    Strong 2025 revenue and EPS growth with detailed 2026 expense and tax guidance.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

aum, modified dietz, nav‑weighted aggregation, fund of funds
4 terms
aum financial
"represent over $11.4 trillion in global AUM sourced from Nasdaq eVestment’s LP reported dataset"
Assets under management (AUM) is the total market value of investments that a financial firm or fund manages on behalf of clients. Investors watch AUM like the size of a shop: larger AUM can mean more fee revenue, greater market influence and perceived stability, while rapid changes in AUM signal growing popularity or redemptions that may affect future earnings and investment strategy.
modified dietz technical
"featuring Modified Dietz quarterly performance measurement, NAV‑weighted aggregation"
An investment performance method that calculates a portfolio’s return while adjusting for money added or withdrawn during the period, giving more weight to cash flows based on when they occurred. Think of it like measuring how your luggage gains value while you keep stuffing or removing items: it isolates the effect of trading and market moves from the timing and size of deposits or withdrawals, making comparisons of manager performance or strategy effectiveness fairer for investors.
nav‑weighted aggregation technical
"performance measurement, NAV‑weighted aggregation, and a standardized two‑quarter"
A nav-weighted aggregation is a way of combining numbers from multiple funds or portfolios where each one’s result is scaled according to its net asset value (NAV), meaning larger funds count more than smaller ones. For investors, this gives a picture weighted by the size of money at stake—like averaging grades by class size—so the combined figure better reflects where most capital is positioned and the likely market impact of changes.
fund of funds financial
"as well as private equity, buyout, venture capital, private debt, fund of funds and real estate"
An investment vehicle that buys stakes in multiple other investment funds instead of individual stocks or bonds, acting like a curated shopping basket of funds managed by professionals. Investors get built-in diversification and access to specialist managers, but should watch for an extra layer of fees and potential overlap between holdings because those factors can reduce net returns.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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By enhancing Nasdaq Private Capital Solutions, the platform reinforces its capacity to deliver highquality benchmarking, robust data, and advanced analytics for today’s increasingly complex private markets. The new benchmark suite extends this capability with broader market representation and workflowready insights across private capital strategies.

NEW YORK, Feb. 10, 2026 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced the launch of the Nasdaq Private Capital™ Indexes, a new suite of benchmarks designed to deliver transparency, representativeness, and robustness to private markets. Built to help institutional investors and consultants benchmark performance, analyze exposures, and navigate private capital markets with precision, the indexes introduce rules‑based rigor and consistent measurement to segments that have historically lacked reliable, objective standards.

The launch of the index suite marks the next phase in the evolution of Nasdaq Private Capital Solutions, designed to deliver transparent benchmarking, institutional‑quality data, and robust analytics to help investors navigate an increasingly complex private markets landscape. Drawing on decades of private market expertise, the solutions‑based platform unifies Nasdaq Private Capital Indexes, Nasdaq eVestment Fund and Deal Benchmarking, the Nasdaq eVestment Private Fund Universe and the Nasdaq eVestment TopQ+ Analytics platform.

“Private markets are at a pivotal moment, growing rapidly in both importance and complexity. Yet the ecosystem remains highly fragmented, with data trapped in silos, inconsistent benchmarks, and limited interoperability,” said Oliver Albers, Executive Vice President and Chief Product Officer, Capital Access Platforms at Nasdaq. “The Nasdaq Private Capital™ Indexes change that. Built on LP‑reported fund performance, they give institutions a comprehensive and representative view of private markets. By combining this trusted data foundation with transparent methodologies and workflow‑ready tools, we’re providing the clarity and connectivity investors need to navigate private markets with confidence.”

Constructed from more than 14,000 institutional private market funds that represent over $11.4 trillion in global AUM sourced from Nasdaq eVestment’s LP reported dataset, the Nasdaq Private Capital™ Indexes are designed to deliver robust and transparent coverage. The indexes employ a documented, rules‑based methodology featuring Modified Dietz quarterly performance measurement, NAV‑weighted aggregation, and a standardized two‑quarter restatement process designed to align with institutional governance expectations. The suite spans aggregate private capital as well as private equity, buyout, venture capital, private debt, fund of funds and real estate strategies.

Delivered through Nasdaq eVestment TopQ+, a leading private markets fund research and performance analytics platform, Nasdaq Global Index Watch (GIW), and Nasdaq’s broader data licensing channels, Nasdaq Private Capital™ Indexes aim to provide objective rules-based benchmarks that can better inform asset allocation and comparative performance, enhance risk and return reporting capabilities, and ease data management and system integration.

“As allocations to private markets grow, institutions increasingly expect greater transparency, data, and stronger operational infrastructure to support their investment processes,” added Albers. “Private Capital Solutions reflects Nasdaq’s long‑term commitment to helping build that foundation, giving institutions the tools they need to make better decisions today while preparing the industry for what comes next.”

For more information on the Nasdaq Private Capital™ Indexes and Nasdaq Private Capital Solutions, please visit: https://www.nasdaq.com/solutions/global-indexes/beta/private-capital-indexes

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.

Nasdaq® is a registered trademark of Nasdaq, Inc. The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither Nasdaq, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies or Nasdaq proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

-NDAQG-

Media Contact
Maximilian Leitenberger
Maximilian.leitenberger@nasdaq.com


FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What are the Nasdaq Private Capital Indexes announced by Nasdaq (NDAQ) on Feb 10, 2026?

They are a new suite of rules‑based benchmarks for private capital strategies, designed for institutional use. According to the company, they cover private equity, buyout, venture, private debt, fund of funds and real estate using LP‑reported fund performance.

How much asset coverage do the Nasdaq Private Capital Indexes (NDAQ) include?

The indexes draw on more than 14,000 institutional funds representing about $11.4 trillion in global AUM. According to the company, this coverage is sourced from Nasdaq eVestment’s LP‑reported dataset for representative benchmarks.

What methodology do Nasdaq's Private Capital Indexes (NDAQ) use to measure performance?

They use a documented, rules‑based methodology with Modified Dietz quarterly measurement and NAV‑weighted aggregation. According to the company, a standardized two‑quarter restatement process aligns reporting with institutional governance.

How will the Nasdaq Private Capital Indexes (NDAQ) affect private market benchmarking and reporting?

They aim to provide more transparent, representative benchmarks and improve risk/return reporting for institutions. According to the company, the suite offers objective, workflow‑ready tools to support asset allocation and performance comparison.

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