Private Markets Monthly, January 2024: How S&P Global Provides Transparency, Benchmarks, And Data To Power Private Capital

As private markets expand and evolve, business models and sectors are fundamentally transforming. New dynamics and disruptions demand new strategies for investors and companies to make decisions with conviction.

In this edition of Private Markets Monthly, Head of Private Markets and Thought Leadership Ruth Yang interviews S&P Global’s five divisional presidents on how S&P Global provides market participants with the transparency across asset classes, benchmarks to measure risks and opportunities, and best-in-class data and insights they need to understand and power the future of capital.

At S&P Global, our opportunity in the private markets is fueled by our people and their subject matter expertise. Sharing that knowledge alongside our services and solutions is a critical element to providing essential intelligence on private markets in the months and years to come.

Martina Cheung, President of S&P Global Ratings and Executive Sponsor of Sustainable1 at S&P Global: As investors increasingly allocate capital across the private debt markets, evolving macro and financial conditions may necessitate a need for greater transparency. At S&P Global Ratings, our independent opinions on creditworthiness take a holistic view to provide greater transparency for the totality of private markets participants—from direct lending, business development companies, and middle-market collateralized loan obligations, to private equity, fund financing, and beyond.

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Adam Kansler, President of S&P Global Market Intelligence: As fund managers face growing competition and longer fundraising cycles, they need robust, differentiated intelligence and technology to help them make informed investment decisions and manage more complex portfolios. At S&P Global Market Intelligence, our private market offerings bring together best-in-class data, powerful portfolio analytics software, expert services, and deep market knowledge to solve for changing market conditions and capture what’s next.

Dan Draper, CEO of S&P Dow Jones Indices: As an independent index provider with more than a century of experience, S&P Dow Jones Indices is a global leader in designing trusted, rules-based market benchmarks that cut across a wide range of asset classes and geographies. We continue to innovate and expand our family of indices into newer areas by developing index-based tools and solutions that reflect emerging asset classes and the changing dynamics of the global economy and markets. In collaboration with Cambridge Associates, our holistic offering includes high-quality performance benchmarks for the global private investment universe. These widely adopted indices serve as a valuable tool in numerous use cases, including performance measurement and monitoring, asset allocation, and risk management. We are excited to offer these market leading benchmarks for this growing sector that is reshaping capital markets.

Saugata Saha, President of S&P Global Commodities Insights: Private capital is emerging as a key investment engine driving the energy transition. Commodity Insights continues to provide market participants with the tools and insights to navigate the energy trilemma: balancing the need for energy affordability, security, and sustainability. With deal-oriented research and cross-cutting analysis of capital trends, Commodity Insights will continue to play a key role in providing essential intelligence for the ongoing private markets expansion. In addition, CERAWeek 2024 will provide industry leaders from both public and private markets with an unparalleled summit to share ideas and shape policies to accelerate the energy transition.

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Edouard Tavernier, President of S&P Global Mobility: The mobility industry is grappling with rapid change, and capital—both public and private—is having to adapt. Across the mobility supply chain, now-essential technologies like automotive batteries, gigacasting, and self-driving sensors barely existed a decade ago. What will happen in the next decade? At S&P Global Mobility, we help our clients gain exposure to key mobility technologies and investment themes and ultimately deploy capital to enable those changing industry dynamics. Another area where private capital is pivotal is infrastructure: investments in electric vehicle charging networks, electronic road pricing, or hydrogen refueling stations are critical enablers of the mobility revolution and are informed by our data and long-term perspectives. Our expertise lies in providing a breadth of insights from across the value chain to help clients make better investment decisions.

Private Markets Monthly, Edition 4

Contributors: Martina Cheung, Adam Kansler, Dan Draper, Saugata Saha, and Edouard Tavernier

Written by: Molly Mintz and Joe Maguire