*"As private investments become a larger part of investor portfolios, there is a pressing need for superior data and relevant benchmarks to capture the modern opportunity landscape," said Ron Bundy, President of Morningstar Indexes. The index addresses a structural change in capital markets: companies now stay private an average of 12 years before going public, up from roughly six years a decade ago. This extended private timeline means public benchmarks like the S&P 500 no longer fully capture the investable equity universe.*
https://www.perplexity.ai/page/uk-pension-funds-now-hold-45-o-oE6JmtmSRWGJrDG98yzvJg