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

Rhea-AI Summary

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.

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

Key Figures

Private market funds: more than 14,000 funds Global AUM coverage: over $11.4 trillion Restatement process: two-quarter restatement +5 more

8 metrics

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

Market Reality Check

Price: $82.49 Vol: Volume 6,763,540 is 1.31x...

normal vol

$82.49 Last Close

Volume Volume 6,763,540 is 1.31x the 20-day average of 5,147,475, indicating elevated interest ahead of the index launch news. normal

Technical Shares trade below the 200-day MA at 89.95, with the pre-news price at 86.3, suggesting a recovery attempt within a longer-term lagging trend.

Peers on Argus

Argus momentum data flags a sector-wide move with 5 peers down between about -6....

5 Down

Argus momentum data flags a sector-wide move with 5 peers down between about -6.50% (MSCI) and -17.16% (SPGI). This contrasts with NDAQ’s pre-news gain of 1.73%, indicating the index launch came against broader weakness in financial data and index providers.

Common Catalyst Peer headlines show other benchmark and infrastructure initiatives (e.g., ICE benchmark and servicing announcements), suggesting ongoing product and benchmark development across the exchange and data sector.

Historical Context

5 past events · Latest: Feb 05 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 05	Investor Day announcement	Neutral	-0.8%	Scheduled 2026 Investor Day with webcast and materials for investors.
Feb 04	Monthly volume update	Neutral	-3.4%	Release of January 2026 trading volume statistics for investor review.
Feb 04	Tech platform win	Positive	+0.9%	Osaka Exchange adopts Nasdaq Eqlipse trading and surveillance technology.
Jan 29	Dividend declaration	Neutral	-0.6%	Announcement of a regular quarterly dividend of $0.27 per share.
Jan 29	Earnings results	Positive	-0.6%	Strong 2025 revenue and EPS growth with detailed 2026 expense and tax guidance.

Pattern Detected

Recent positive fundamental and technology updates often saw modest or negative next-day moves, with only the Osaka Exchange technology win showing a clear positive alignment.

Recent Company History

Over the past weeks, Nasdaq has reported several milestones. Earnings on Jan 29, 2026 highlighted $5.249B in 2025 net revenue and strong EPS growth, yet the stock slipped modestly. A quarterly dividend of $0.27 per share and January volume stats also coincided with small declines. The Osaka Exchange technology agreement on Feb 4 produced a mild gain. Today’s Private Capital Indexes launch extends Nasdaq’s data and solutions footprint, consistent with its recent emphasis on platforms and analytics.

Market Pulse Summary

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 Terms

aum, fund of funds

2 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.

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. Not financial advice.

By enhancing Nasdaq Private Capital Solutions, the platform reinforces its capacity to deliver high‑quality 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 workflow‑ready 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

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.

Where can investors access the Nasdaq Private Capital Indexes (NDAQ) and related analytics?

Indexes and analytics are available via Nasdaq eVestment TopQ+, Nasdaq Global Index Watch, and Nasdaq data licensing channels. According to the company, these delivery channels support workflow integration and fund research.

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.