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PitchBook Private Capital Indexes

Q1 2024

PitchBook Private Capital Indexes

August 5, 2024

Measuring private markets’ mixed performance 

PitchBook’s Q1 2024 Private Capital Indexes provide insights and quarterly return benchmarks for the private markets, giving a picture of how the new year has been so far.  

2024 has been a bit of a mixed bag, with returns in some sectors like real estate turning negative, while venture capital eked out a small gain after more than two years of negative returns. 

Indexed returns are also provided for private equity, real assets, private debt, funds of funds, and secondaries. The report provides risk modeling data, including adjusted volatility estimates, correlations with public indexes, and peak-to-trough drawdowns over select market environments. 


Table of contents
Overview 3
Risk measurement 6
Private equity 9
Venture capital 11
Real estate 13
Real assets 15
Private debt 17
Funds of funds 19
Secondaries 21
Appendix 23