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Public Comps and Valuation Multiples for Asset Management

Benchmark revenue and EBITDA valuation multiples for public comps like
Morgan Stanley, Goldman Sachs, BlackRock, Brookfield and Blackstone.

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Asset Management

Viewing 50 of 719 companies with full data

Company	Market Cap	Enterprise Value	LTM Revenue	EV/LTM Revenue	EV/LTM EBITDA
Morgan Stanley	$265B	$373B	$72B	5.2x	—
Goldman Sachs	$258B	$614B	$59B	10.4x	—
BlackRock	$166B	$168B	$25B	6.7x	16.3x
Brookfield	$99B	$346B	$9B	40.7x	52.7x
Blackstone	$90B	$104B	$14B	7.6x	12.7x
KKR	$81B	$4B	$8B	0.4x	0.7x
Brookfield Asset Management	$75B	$77B	$6B	13.6x	24.5x
Macquarie Group	$53B	$77B	$13B	6.0x	—
Strategy	$49B	$62B	$481M	128.3x	1395.0x
Guotai Junan International	$45B	$105B	$9B	11.6x	—
3i Group	$44B	$45B	$9B	5.2x	5.4x
Ameriprise Financial	$43B	$39B	$19B	2.1x	6.7x
Sun Life	$36B	$46B	$4B	11.0x	11.6x
State Street	$36B	$24B	$14B	1.7x	—
EQT	$35B	$31B	$3B	9.6x	16.2x
Prudential	$35B	$56B	$58B	1.0x	6.5x
ORIX	$33B	$76B	$20B	3.7x	27.0x
Power Corporation of Canada	$32B	$44B	$14B	3.2x	—
Swiss Life	$32B	$38B	$27B	1.4x	—
Itaúsa	$31B	$31B	$3B	9.8x	—
Raymond James	$30B	$35B	$15B	2.4x	—
Partners Group	$28B	$31B	$3B	9.5x	15.1x
Northern Trust	$27B	$39B	$8B	4.8x	—
Ares Management	$25B	$38B	$6B	6.7x	19.0x
Industrivärden	$23B	$23B	$1B	22.9x	6.0x
Nomura	$23B	$10B	$13B	0.8x	2.0x
GF Securities	$22B	$55B	$5B	10.7x	22.5x
Principal Financial Group	$21B	$20B	$16B	1.2x	7.7x
T. Rowe Price	$21B	$18B	$7B	2.4x	5.9x
China Merchants Securities Asset Management	$20B	$46B	$3B	13.4x	28.4x
Legal & General	$20B	$10B	$19B	0.5x	4.2x
CICC	$20B	($3B)	$4B	(0.8x)	(2.0x)
Amundi	$19B	$17B	$4B	4.4x	8.9x
Carlyle Group	$19B	$31B	$4B	7.8x	20.1x
Yuanta Financial Holdings	$19B	$11B	$4B	2.7x	—
Mega Financial Holding	$19B	$22B	$2B	9.0x	—
HAL Trust	$18B	$19B	—	—	—
Guosen Securities	$18B	$40B	$4B	10.7x	—
Scottish Mortgage IT	$17B	$19B	—	—	—
Julius Baer	$17B	$5B	$5B	0.9x	—
Transinc FII	$17B	$17B	—	—	—
Annaly Capital Management	$17B	$50B	$2B	22.0x	7.3x
Meritz Financial Gr	$16B	$31B	$3B	11.4x	—
Lundbergföretagen	$15B	$17B	—	—	—
Latour	$15B	$17B	—	—	—
CVC Capital Partners	$15B	$16B	$2B	7.9x	12.5x
ASR Nederland	$14B	$22B	$7B	2.9x	11.1x
Franklin Resources	$14B	$25B	$7B	3.6x	12.1x
Ares Capital	$14B	$30B	$3B	9.6x	8.1x
DWS Asset Management	$14B	$12B	$4B	3.3x	7.9x
Bajaj Holdings & Investment Limited	$14B	$X.XB	—	X.Xx	X.Xx
Phoenix Financial	$13B	$X.XB	$3B	X.Xx	X.Xx
Corebridge Financial	$13B	$X.XB	$21B	X.Xx	X.Xx
Schroders	$12B	$X.XB	$3B	X.Xx	X.Xx
Sanlam	$12B	$X.XB	$1B	X.Xx	X.Xx
Taiwan Cooperative Bank	$12B	$X.XB	—	X.Xx	X.Xx
Great Eastern Life	$12B	$X.XB	—	X.Xx	X.Xx
Klepierre	$12B	$X.XB	$1B	X.Xx	X.Xx
Groupe Bruxelles Lambert	$12B	$X.XB	$7B	X.Xx	X.Xx
IGM Financial	$12B	$X.XB	$3B	X.Xx	X.Xx
Invesco	$12B	$X.XB	$5B	X.Xx	X.Xx
China Securities HK	$12B	$X.XB	$4B	X.Xx	X.Xx
Orient Securities	$12B	$X.XB	$3B	X.Xx	X.Xx
Equitable Holdings	$11B	$X.XB	$13B	X.Xx	X.Xx
Aegon	$11B	$X.XB	$23B	X.Xx	X.Xx
Harel Group	$11B	$X.XB	$5B	X.Xx	X.Xx
Korea Investment Holdings	$11B	$X.XB	$3B	X.Xx	X.Xx
B Treasury Capital	$10B	$X.XB	—	X.Xx	X.Xx
Sofina	$10B	$X.XB	—	X.Xx	X.Xx
KGI Financial	$10B	$X.XB	$2B	X.Xx	X.Xx
Discovery	$10B	$X.XB	$3B	X.Xx	X.Xx
Soul Patts	$10B	$X.XB	$396M	X.Xx	X.Xx
Everbright Securities	$10B	$X.XB	$2B	X.Xx	X.Xx
SEI Investments	$10B	$X.XB	$2B	X.Xx	X.Xx
M&G	$10B	$X.XB	$1B	X.Xx	X.Xx
Pershing Square Holdings	$10B	$X.XB	—	X.Xx	X.Xx
Merlin Properties	$10B	$X.XB	$520M	X.Xx	X.Xx
Jefferies	$9B	$X.XB	$8B	X.Xx	X.Xx
Founder Securities	$9B	$X.XB	$2B	X.Xx	X.Xx
St James's Place	$9B	$X.XB	$1B	X.Xx	X.Xx
Menora Mivtachim	$9B	$X.XB	—	X.Xx	X.Xx
China Industrial Securities	$9B	$X.XB	$2B	X.Xx	X.Xx
Kingdom Holding	$9B	$X.XB	$704M	X.Xx	X.Xx
China CITIC Financial	$8B	$X.XB	$7B	X.Xx	X.Xx
Cinda Securities	$8B	$X.XB	—	X.Xx	X.Xx
Affiliated Managers Group	$8B	$X.XB	$2B	X.Xx	X.Xx
Kiwoom Securities	$8B	$X.XB	$2B	X.Xx	X.Xx
F&C Investment Trust	$8B	$X.XB	—	X.Xx	X.Xx
Storebrand	$8B	$X.XB	$4B	X.Xx	X.Xx
Janus Henderson	$8B	$X.XB	$3B	X.Xx	X.Xx
Brookfield Renewable	$8B	$X.XB	$6B	X.Xx	X.Xx
Guolian Securities	$8B	$X.XB	$1B	X.Xx	X.Xx
Covivio	$8B	$X.XB	$830M	X.Xx	X.Xx
Polar Capital Technology Trust	$8B	$X.XB	—	X.Xx	X.Xx
TPG	$7B	$X.XB	$2B	X.Xx	X.Xx
VZ VermögensZentrum	$7B	$X.XB	$762M	X.Xx	X.Xx
Zhongtai Securities	$7B	$X.XB	—	X.Xx	X.Xx
Blue Owl Capital Inc.	$7B	$X.XB	$3B	X.Xx	X.Xx
Capital Securities Corp.	$7B	$X.XB	—	X.Xx	X.Xx
Compagnie du Cambodge	$7B	$X.XB	—	X.Xx	X.Xx
SDIC Capital	$7B	$X.XB	$2B	X.Xx	X.Xx
Zheshang Securities	$7B	$X.XB	$1B	X.Xx	X.Xx
Soochow Securities	$7B	$X.XB	$1B	X.Xx	X.Xx
Warehouses De Pauw	$7B	$X.XB	$541M	X.Xx	X.Xx
Dongxing Securities	$7B	$X.XB	—	X.Xx	X.Xx
KBC Ancora	$7B	$X.XB	$448M	X.Xx	X.Xx
Gecina	$7B	$X.XB	$843M	X.Xx	X.Xx
Alliance Witan	$6B	$X.XB	—	X.Xx	X.Xx
Infratil	$6B	$X.XB	$2B	X.Xx	X.Xx
Intermediate Capital Group	$6B	$X.XB	$1B	X.Xx	X.Xx
Remgro	$6B	$X.XB	$3B	X.Xx	X.Xx
Voya Financial	$6B	$X.XB	$8B	X.Xx	X.Xx
Migdal Group	$6B	$X.XB	—	X.Xx	X.Xx
Changjiang Securities	$6B	$X.XB	$2B	X.Xx	X.Xx
Australian Foundation Investment Company	$6B	$X.XB	—	X.Xx	X.Xx
Tianfeng Securities	$6B	$X.XB	—	X.Xx	X.Xx
China Cinda Asset Management	$6B	$X.XB	—	X.Xx	X.Xx
Caitong Securities	$6B	$X.XB	$1B	X.Xx	X.Xx
Azimut Group	$6B	$X.XB	$2B	X.Xx	X.Xx
BOC International China	$6B	$X.XB	$478M	X.Xx	X.Xx
Sunshine Insurance Group	$6B	$X.XB	$10B	X.Xx	X.Xx
Cenergy Holdings	$5B	$X.XB	$3B	X.Xx	X.Xx
Aberdeen Group	$5B	$X.XB	$2B	X.Xx	X.Xx
Onex	$5B	$X.XB	—	X.Xx	X.Xx
Guoyuan Securities	$5B	$X.XB	$922M	X.Xx	X.Xx
Main Street Capital	$5B	$X.XB	$572M	X.Xx	X.Xx
Investec UK	$5B	$X.XB	$3B	X.Xx	X.Xx
Western Securities	$5B	$X.XB	$769M	X.Xx	X.Xx
360 One Wam	$5B	$X.XB	$341M	X.Xx	X.Xx
Vontobel	$5B	$X.XB	$2B	X.Xx	X.Xx
Sinolink Securities	$5B	$X.XB	$1B	X.Xx	X.Xx
Hamilton Lane	$5B	$X.XB	$765M	X.Xx	X.Xx
General de Galerias	$5B	$X.XB	—	X.Xx	X.Xx
Motilal Oswal	$5B	$X.XB	$1B	X.Xx	X.Xx
Argo Investments	$5B	$X.XB	—	X.Xx	X.Xx
Lazard	$5B	$X.XB	$3B	X.Xx	X.Xx
HASI	$5B	$X.XB	$412M	X.Xx	X.Xx
Capital Financial	$5B	$X.XB	—	X.Xx	X.Xx
E-L Financial	$4B	$X.XB	—	X.Xx	X.Xx
Federated Hermes	$4B	$X.XB	$2B	X.Xx	X.Xx
Victory Capital Holdings	$4B	$X.XB	$1B	X.Xx	X.Xx
Southwest Securities	$4B	$X.XB	$479M	X.Xx	X.Xx
HuaAn Securities	$4B	$X.XB	—	X.Xx	X.Xx
3i Infrastructure	$4B	$X.XB	—	X.Xx	X.Xx
Aedifica	$4B	$X.XB	$429M	X.Xx	X.Xx
Wendel	$4B	$X.XB	$9B	X.Xx	X.Xx
Sprott	$4B	$X.XB	$296M	X.Xx	X.Xx
Challenger	$4B	$X.XB	$682M	X.Xx	X.Xx
Covivio Hotels	$4B	$X.XB	—	X.Xx	X.Xx
Assured Guaranty	$4B	$X.XB	$1B	X.Xx	X.Xx
Old Mutual	$4B	$X.XB	$3B	X.Xx	X.Xx
Cofinimmo	$4B	$X.XB	$413M	X.Xx	X.Xx
Mandatum	$4B	$X.XB	$306M	X.Xx	X.Xx
Man Group	$4B	$X.XB	$1B	X.Xx	X.Xx
RIT Capital Partners	$4B	$X.XB	—	X.Xx	X.Xx
Colonial SFL	$4B	$X.XB	$477M	X.Xx	X.Xx
GQG Partners	$4B	$X.XB	$806M	X.Xx	X.Xx
Tikehau Capital	$4B	$X.XB	$710M	X.Xx	X.Xx
Tata Investment Corp	$4B	$X.XB	—	X.Xx	X.Xx
AllianceBernstein	$4B	$X.XB	$4B	X.Xx	X.Xx
Brederode	$4B	$X.XB	—	X.Xx	X.Xx
Eurazeo	$4B	$X.XB	$604M	X.Xx	X.Xx
StepStone Group	$4B	$X.XB	$1B	X.Xx	X.Xx
Cohen & Steers	$3B	$X.XB	$561M	X.Xx	X.Xx
Altarea	$3B	$X.XB	$3B	X.Xx	X.Xx
Golub Capital BDC	$3B	$X.XB	$840M	X.Xx	X.Xx
Pampa Calichera	$3B	$X.XB	—	X.Xx	X.Xx
FS KKR Capital	$3B	$X.XB	$1B	X.Xx	X.Xx
Ninety One	$3B	$X.XB	—	X.Xx	X.Xx
Financiere Moncey	$3B	$X.XB	—	X.Xx	X.Xx
Bridgepoint Group	$3B	$X.XB	$776M	X.Xx	X.Xx
Norte Grande	$3B	$X.XB	—	X.Xx	X.Xx
Artisan Partners	$3B	$X.XB	$1B	X.Xx	X.Xx
Alony-Hetz	$3B	$X.XB	—	X.Xx	X.Xx
Greencoat UK Wind	$3B	$X.XB	$67M	X.Xx	X.Xx
SSI Securities	$3B	$X.XB	$461M	X.Xx	X.Xx
Anima Holding	$3B	$X.XB	$603M	X.Xx	X.Xx
WisdomTree	$2B	$X.XB	$523M	X.Xx	X.Xx
HgCapital	$2B	$X.XB	—	X.Xx	X.Xx
Pinnacle Investment Management	$2B	$X.XB	$56M	X.Xx	X.Xx
Röko	$2B	$X.XB	$721M	X.Xx	X.Xx
AFP Cuprum	$2B	$X.XB	—	X.Xx	X.Xx
Inversiones La Construcción	$2B	$X.XB	—	X.Xx	X.Xx
Patria Investments	$2B	$X.XB	$379M	X.Xx	X.Xx
Argan SA	$2B	$X.XB	$250M	X.Xx	X.Xx
Montea	$2B	$X.XB	$169M	X.Xx	X.Xx
PSG Financial Services	$2B	$X.XB	—	X.Xx	X.Xx
Ashmore Group	$2B	$X.XB	$192M	X.Xx	X.Xx
Peugeot Invest	$2B	$X.XB	—	X.Xx	X.Xx
Antin Infrastructure Partners	$2B	$X.XB	$350M	X.Xx	X.Xx
Israel Corp	$2B	$X.XB	—	X.Xx	X.Xx
GIMV	$2B	$X.XB	—	X.Xx	X.Xx
Acadian Asset Management	$2B	$X.XB	$581M	X.Xx	X.Xx
AG Anadolu Grubu Holding	$2B	$X.XB	—	X.Xx	X.Xx
MFF Capital	$2B	$X.XB	—	X.Xx	X.Xx
Burford Capital	$2B	$X.XB	$462M	X.Xx	X.Xx
HBM Healthcare Investments	$2B	$X.XB	$46M	X.Xx	X.Xx
L1 Long Short Fund	$2B	$X.XB	—	X.Xx	X.Xx
Lapidoth Capital	$2B	$X.XB	—	X.Xx	X.Xx
Icade	$2B	$X.XB	$405M	X.Xx	X.Xx
Grupo Bolivar	$2B	$X.XB	—	X.Xx	X.Xx
AFP ProVida	$2B	$X.XB	—	X.Xx	X.Xx
Bradespar	$2B	$X.XB	$232M	X.Xx	X.Xx
Eurocommercial Properties	$2B	$X.XB	$282M	X.Xx	X.Xx
Corficolombiana	$2B	$X.XB	—	X.Xx	X.Xx
İş Yatırım	$2B	$X.XB	—	X.Xx	X.Xx
Daishin Securities	$2B	$X.XB	$591M	X.Xx	X.Xx
Tri-Continental	$2B	$X.XB	—	X.Xx	X.Xx
Metrics Master Income	$2B	$X.XB	—	X.Xx	X.Xx
Bure Equity	$2B	$X.XB	—	X.Xx	X.Xx
Derayah Financial	$2B	$X.XB	$252M	X.Xx	X.Xx
Tamburi Inv Partners	$2B	$X.XB	$3M	X.Xx	X.Xx
Lydia Holding	$2B	$X.XB	—	X.Xx	X.Xx
Storskogen Group	$2B	$X.XB	$4B	X.Xx	X.Xx
Borusan Yatırım	$2B	$X.XB	—	X.Xx	X.Xx
Ufuk Yatırım	$2B	$X.XB	—	X.Xx	X.Xx
Deterra Royalties	$2B	$X.XB	$168M	X.Xx	X.Xx
Xior Student Housing	$2B	$X.XB	$215M	X.Xx	X.Xx
Prodea Real Estate	$2B	$X.XB	—	X.Xx	X.Xx
AFP Habitat	$2B	$X.XB	—	X.Xx	X.Xx
ASA Gold & Precious	$2B	$X.XB	—	X.Xx	X.Xx
Cymbria	$2B	$X.XB	—	X.Xx	X.Xx
General American Invts	$1B	$X.XB	—	X.Xx	X.Xx
Perpetual	$1B	$X.XB	$952M	X.Xx	X.Xx
Luxempart	$1B	$X.XB	—	X.Xx	X.Xx
MA Financial	$1B	$X.XB	$282M	X.Xx	X.Xx
WAM Capital	$1B	$X.XB	—	X.Xx	X.Xx
Hanwha Investment	$1B	$X.XB	—	X.Xx	X.Xx
IntegraFin	$1B	$X.XB	$221M	X.Xx	X.Xx
JM Financial	$1B	$X.XB	—	X.Xx	X.Xx
Capital Southwest	$1B	$X.XB	$234M	X.Xx	X.Xx
Isras Investments	$1B	$X.XB	—	X.Xx	X.Xx
WAM Leaders	$1B	$X.XB	—	X.Xx	X.Xx
Prospect Capital	$1B	$X.XB	$675M	X.Xx	X.Xx
Mercialys	$1B	$X.XB	$215M	X.Xx	X.Xx
Generation Development Group	$1B	$X.XB	$113M	X.Xx	X.Xx
Shin Young Securities	$1B	$X.XB	—	X.Xx	X.Xx
Doğan Holding	$1B	$X.XB	—	X.Xx	X.Xx
Viel & Cie	$1B	$X.XB	—	X.Xx	X.Xx
Guardian Capital Group	$1B	$X.XB	—	X.Xx	X.Xx
ALTAMIR	$1B	$X.XB	—	X.Xx	X.Xx
Kyobo Securities	$1B	$X.XB	—	X.Xx	X.Xx
Wereldhave	$1B	$X.XB	$205M	X.Xx	X.Xx
Okasan Securities	$1B	$X.XB	$574M	X.Xx	X.Xx
Retail Estates	$1B	$X.XB	$168M	X.Xx	X.Xx
P10	$1B	$X.XB	$307M	X.Xx	X.Xx
Frey	$1B	$X.XB	—	X.Xx	X.Xx
Vivenio Residencial	$1B	$X.XB	—	X.Xx	X.Xx
RAL Yatırım Holding	$1B	$X.XB	—	X.Xx	X.Xx
Waha Capital	$1B	$X.XB	—	X.Xx	X.Xx
Oakley Capital	$1B	$X.XB	—	X.Xx	X.Xx
abrdn Healthcare Invts	$1B	$X.XB	—	X.Xx	X.Xx
PM Capital Global Opps	$1B	$X.XB	—	X.Xx	X.Xx
Tortoise Energy Infrastructure	$1B	$X.XB	—	X.Xx	X.Xx
Molten Ventures	$1B	$X.XB	$168M	X.Xx	X.Xx
Alarko Holding	$1B	$X.XB	—	X.Xx	X.Xx
Montepino	$1B	$X.XB	—	X.Xx	X.Xx
InvestCo Holding	$1B	$X.XB	—	X.Xx	X.Xx
Oaktree Specialty Lending	$1B	$X.XB	$301M	X.Xx	X.Xx
MidCap Financial	$995M	$X.XB	$314M	X.Xx	X.Xx
Creades	$993M	$X.XB	—	X.Xx	X.Xx
Magellan Financial Group	$990M	$X.XB	$178M	X.Xx	X.Xx
Australian United Investment Company	$983M	$X.XB	—	X.Xx	X.Xx
BKI Investment	$973M	$X.XB	—	X.Xx	X.Xx
Arendals Fossekompani	$967M	$X.XB	$27M	X.Xx	X.Xx
United International Holding	$963M	$X.XB	—	X.Xx	X.Xx
Virtus Investment Partners	$950M	$X.XB	$837M	X.Xx	X.Xx
Isras Holdings	$886M	$X.XB	—	X.Xx	X.Xx
Renta 4	$877M	$X.XB	—	X.Xx	X.Xx
Sociedad Portafolio	$876M	$X.XB	—	X.Xx	X.Xx
Amanat	$865M	$X.XB	$263M	X.Xx	X.Xx
Basellandschaftliche Kantonalbank	$865M	$X.XB	—	X.Xx	X.Xx
Investcorp Capital	$861M	$X.XB	$120M	X.Xx	X.Xx
Gryphon Capital Income Trust	$856M	$X.XB	—	X.Xx	X.Xx
AFP Capital	$849M	$X.XB	—	X.Xx	X.Xx
Navigator Global	$835M	$X.XB	$207M	X.Xx	X.Xx
New Mountain Finance	$821M	$X.XB	$313M	X.Xx	X.Xx
Polar Capital Holdings	$820M	$X.XB	$317M	X.Xx	X.Xx
VinaCapital	$811M	$X.XB	—	X.Xx	X.Xx
Abacus Global Management	$810M	$X.XB	$224M	X.Xx	X.Xx
Diversified United Investment	$805M	$X.XB	—	X.Xx	X.Xx
Oxford Lane Capital	$803M	$X.XB	$425M	X.Xx	X.Xx
NB Private Equity Partners	$803M	$X.XB	—	X.Xx	X.Xx
Regal Partners	$800M	$X.XB	$275M	X.Xx	X.Xx
Pasur	$800M	$X.XB	—	X.Xx	X.Xx
Carlyle Secured Lending	$789M	$X.XB	$257M	X.Xx	X.Xx
Noah Holdings	$781M	$X.XB	$369M	X.Xx	X.Xx
Syncona	$777M	$X.XB	$89M	X.Xx	X.Xx
Vinci Partners	$761M	$X.XB	$189M	X.Xx	X.Xx
Wereldhave Belgium	$756M	$X.XB	$89M	X.Xx	X.Xx
Plato Income Maximiser	$746M	$X.XB	—	X.Xx	X.Xx
MUTARES	$734M	$X.XB	$8B	X.Xx	X.Xx
Eczacıbaşı Yatırım	$724M	$X.XB	—	X.Xx	X.Xx
Global Yatırım Holding	$714M	$X.XB	—	X.Xx	X.Xx
Chapters Group	$714M	$X.XB	$234M	X.Xx	X.Xx
Clairvest Group	$709M	$X.XB	—	X.Xx	X.Xx
Fidus Investment	$706M	$X.XB	$160M	X.Xx	X.Xx
GCM Grosvenor	$704M	$X.XB	$530M	X.Xx	X.Xx
Noor Investment	$703M	$X.XB	—	X.Xx	X.Xx
Thornburg Inc Builder	$695M	$X.XB	—	X.Xx	X.Xx
Qualitas Real Estate	$695M	$X.XB	$59M	X.Xx	X.Xx
RTW Biotech Opportunities	$672M	$X.XB	—	X.Xx	X.Xx
Investment AB Oresund	$666M	$X.XB	—	X.Xx	X.Xx
Care Property Invest	$663M	$X.XB	$88M	X.Xx	X.Xx
Carlton Investments	$662M	$X.XB	—	X.Xx	X.Xx
Kuyaş Yatırım	$654M	$X.XB	—	X.Xx	X.Xx
Qualitas	$645M	$X.XB	$88M	X.Xx	X.Xx
AFP Planvital	$645M	$X.XB	—	X.Xx	X.Xx
TINC	$627M	$X.XB	$65M	X.Xx	X.Xx
Destiny Tech100	$625M	$X.XB	—	X.Xx	X.Xx
Atom Hoteles	$621M	$X.XB	—	X.Xx	X.Xx
Proteccion	$621M	$X.XB	—	X.Xx	X.Xx
Mogan Enerji	$616M	$X.XB	—	X.Xx	X.Xx
Senvest Capital	$613M	$X.XB	—	X.Xx	X.Xx
Value Grupo Financiero	$605M	$X.XB	—	X.Xx	X.Xx
WAM Global	$592M	$X.XB	—	X.Xx	X.Xx
IDI SCA	$592M	$X.XB	—	X.Xx	X.Xx
IP Group	$586M	$X.XB	$26M	X.Xx	X.Xx
Spiltan Invest	$586M	$X.XB	—	X.Xx	X.Xx
Svolder	$578M	$X.XB	—	X.Xx	X.Xx
Chrysalis Investments	$577M	$X.XB	$9M	X.Xx	X.Xx
Vastned	$577M	$X.XB	$80M	X.Xx	X.Xx
Evergent Investments	$574M	$X.XB	—	X.Xx	X.Xx
Novavest Real Estate	$566M	$X.XB	$54M	X.Xx	X.Xx
Bois Sauvage	$562M	$X.XB	—	X.Xx	X.Xx
Gladstone Inv	$550M	$X.XB	$99M	X.Xx	X.Xx
Nextensa	$547M	$X.XB	$136M	X.Xx	X.Xx
Djerriwarrh Investments	$544M	$X.XB	—	X.Xx	X.Xx
CoinShares	$544M	$X.XB	$130M	X.Xx	X.Xx
Kinea High Yield CRI	$542M	$X.XB	—	X.Xx	X.Xx
SBI Global Asset Management	$531M	$X.XB	$80M	X.Xx	X.Xx
Eagle Point Credit	$527M	$X.XB	$203M	X.Xx	X.Xx
Immobiliare Grande Distribuzione	$526M	$X.XB	$158M	X.Xx	X.Xx
Deutsche Beteiligungs	$514M	$X.XB	$92M	X.Xx	X.Xx
eQ	$511M	$X.XB	$71M	X.Xx	X.Xx
Crescent Capital BDC	$496M	$X.XB	$165M	X.Xx	X.Xx
abrdn Life Sciences	$493M	$X.XB	—	X.Xx	X.Xx
Testa Residencial	$488M	$X.XB	—	X.Xx	X.Xx
Nuam	$474M	$X.XB	—	X.Xx	X.Xx
Fidere Patrimonio Socimi	$474M	$X.XB	—	X.Xx	X.Xx
Discount Investment Corp	$466M	$X.XB	—	X.Xx	X.Xx
Diamond Hill Investment	$465M	$X.XB	—	X.Xx	X.Xx
Hearts and Minds	$463M	$X.XB	—	X.Xx	X.Xx
Mirrabooka Investments	$459M	$X.XB	—	X.Xx	X.Xx
Fiera Capital	$455M	$X.XB	$497M	X.Xx	X.Xx
Flat Capital	$454M	$X.XB	—	X.Xx	X.Xx
Ophir High Conviction	$447M	$X.XB	—	X.Xx	X.Xx
Whitefield Industrials	$445M	$X.XB	—	X.Xx	X.Xx
Aurelius Equity Opportunities	$442M	$X.XB	—	X.Xx	X.Xx
Future Generation Global	$441M	$X.XB	—	X.Xx	X.Xx
Administradora Americana de Inversiones	$439M	$X.XB	—	X.Xx	X.Xx
Patrimoine et Commerce	$439M	$X.XB	$319M	X.Xx	X.Xx
Immobiliere Dassault	$438M	$X.XB	—	X.Xx	X.Xx
Metrics Income Opportunities Trust	$436M	$X.XB	—	X.Xx	X.Xx
Home Invest Belgium	$436M	$X.XB	$44M	X.Xx	X.Xx
Diamond Biofund	$430M	$X.XB	—	X.Xx	X.Xx
Longshield Investment	$425M	$X.XB	—	X.Xx	X.Xx
Gladstone Cap	$417M	$X.XB	$94M	X.Xx	X.Xx
Australian Ethical	$416M	$X.XB	$88M	X.Xx	X.Xx
Barings Corporate Invts	$409M	$X.XB	—	X.Xx	X.Xx
Kuwait Investment	$409M	$X.XB	—	X.Xx	X.Xx
BNY Mellon Strategic	$406M	$X.XB	—	X.Xx	X.Xx
NSI	$404M	$X.XB	$78M	X.Xx	X.Xx
Boston Omaha	$402M	$X.XB	$115M	X.Xx	X.Xx
Traction	$399M	$X.XB	—	X.Xx	X.Xx
Alantra Partners	$397M	$X.XB	—	X.Xx	X.Xx
Source Capital	$397M	$X.XB	—	X.Xx	X.Xx
Ascencio	$396M	$X.XB	$64M	X.Xx	X.Xx
Future Generation Investment Company	$395M	$X.XB	—	X.Xx	X.Xx
ABC arbitrage	$391M	$X.XB	—	X.Xx	X.Xx
MCI Capital	$390M	$X.XB	—	X.Xx	X.Xx
Blackrock Muniyield NY	$388M	$X.XB	—	X.Xx	X.Xx
Millenium Hospitality	$384M	$X.XB	$31M	X.Xx	X.Xx
International Biotechnology Trust	$384M	$X.XB	—	X.Xx	X.Xx
Verusa Holding	$382M	$X.XB	—	X.Xx	X.Xx
Fondul Proprietatea	$379M	$X.XB	—	X.Xx	X.Xx
Idun Industrier	$378M	$X.XB	$253M	X.Xx	X.Xx
HSI Malls	$376M	$X.XB	—	X.Xx	X.Xx
CapMan	$372M	$X.XB	$78M	X.Xx	X.Xx
Bosqar	$372M	$X.XB	—	X.Xx	X.Xx
Kinea Hedge Fund	$371M	$X.XB	—	X.Xx	X.Xx
Infinity Capital Inv	$369M	$X.XB	—	X.Xx	X.Xx
Invalda INVL	$364M	$X.XB	—	X.Xx	X.Xx
Moneda Renta Variable Chile	$356M	$X.XB	—	X.Xx	X.Xx
Karnell Group	$352M	$X.XB	$189M	X.Xx	X.Xx
Trastor Real Estate	$350M	$X.XB	—	X.Xx	X.Xx
BlackRock TCP Cap	$348M	$X.XB	$193M	X.Xx	X.Xx
Pembroke VCT	$344M	$X.XB	—	X.Xx	X.Xx
Demetra Holdings	$340M	$X.XB	—	X.Xx	X.Xx
Perpetual Equity	$333M	$X.XB	—	X.Xx	X.Xx
WAM Microcap	$320M	$X.XB	—	X.Xx	X.Xx
Eurohold Bulgaria	$318M	$X.XB	—	X.Xx	X.Xx
Platinum Capital	$310M	$X.XB	—	X.Xx	X.Xx
Literacy Capital	$306M	$X.XB	—	X.Xx	X.Xx
WCM Global Growth	$303M	$X.XB	—	X.Xx	X.Xx
Argo Global Listed Infrastructure	$302M	$X.XB	—	X.Xx	X.Xx
Sygnia Ltd	$301M	$X.XB	—	X.Xx	X.Xx
Sprott Focus Trust	$297M	$X.XB	—	X.Xx	X.Xx
Transilvania Investments	$297M	$X.XB	—	X.Xx	X.Xx
Vinci Logistics	$295M	$X.XB	—	X.Xx	X.Xx
Calamos L/S Equity	$294M	$X.XB	—	X.Xx	X.Xx
The RMR Group	$291M	$X.XB	$714M	X.Xx	X.Xx
Pengana Private Equity	$281M	$X.XB	—	X.Xx	X.Xx
Horizon Tech Finance	$277M	$X.XB	$88M	X.Xx	X.Xx
Vitruvio Real Estate	$276M	$X.XB	—	X.Xx	X.Xx
Budapest Ingatlan	$274M	$X.XB	—	X.Xx	X.Xx
Gedik Yatırım	$273M	$X.XB	—	X.Xx	X.Xx
Trade Estates Real Estate	$271M	$X.XB	$61M	X.Xx	X.Xx
All Iron Re I Socimi	$263M	$X.XB	—	X.Xx	X.Xx
City of London Investment Group	$263M	$X.XB	$74M	X.Xx	X.Xx
VNV Global	$257M	$X.XB	$590K	X.Xx	X.Xx
Kingfish NZ	$257M	$X.XB	—	X.Xx	X.Xx
Innventure	$249M	$X.XB	$8M	X.Xx	X.Xx
United Capital PLC	$247M	$X.XB	—	X.Xx	X.Xx
Augmentum Fintech	$243M	$X.XB	—	X.Xx	X.Xx
United Bankers	$242M	$X.XB	$68M	X.Xx	X.Xx
VEF	$241M	$X.XB	—	X.Xx	X.Xx
Waton Financial	$240M	$X.XB	—	X.Xx	X.Xx
SuRo Capital	$239M	$X.XB	$2M	X.Xx	X.Xx
Taaleri	$232M	$X.XB	$75M	X.Xx	X.Xx
Chicago Atlantic BDC	$228M	$X.XB	$57M	X.Xx	X.Xx
SHUAA Capital	$226M	$X.XB	—	X.Xx	X.Xx
Pengana International	$222M	$X.XB	—	X.Xx	X.Xx
Olimpo Real Estate	$220M	$X.XB	—	X.Xx	X.Xx
AMCIL	$214M	$X.XB	—	X.Xx	X.Xx
Pacific Current Group	$209M	$X.XB	$12M	X.Xx	X.Xx
Catella	$206M	$X.XB	$211M	X.Xx	X.Xx
Indexa Capital Group	$203M	$X.XB	—	X.Xx	X.Xx
MPC Muenchmeyer Petersen	$202M	$X.XB	$53M	X.Xx	X.Xx
Ble Kedros REIC	$201M	$X.XB	—	X.Xx	X.Xx
SWK Holdings	$200M	$X.XB	—	X.Xx	X.Xx
InFinance XP	$199M	$X.XB	—	X.Xx	X.Xx
Atland	$197M	$X.XB	—	X.Xx	X.Xx
NEW GERMANY FUND	$194M	$X.XB	—	X.Xx	X.Xx
Brockhaus Technologies	$193M	$X.XB	—	X.Xx	X.Xx
Private Equity Holding	$193M	$X.XB	—	X.Xx	X.Xx
Staude Capital Global Value Fund	$191M	$X.XB	—	X.Xx	X.Xx
Samara Asset Group	$189M	$X.XB	—	X.Xx	X.Xx
Lafinca Global Assets	$184M	$X.XB	—	X.Xx	X.Xx
Ellington Credit	$184M	$X.XB	$44M	X.Xx	X.Xx
Inversiones Doalca	$180M	$X.XB	—	X.Xx	X.Xx
WAM Research	$179M	$X.XB	—	X.Xx	X.Xx
Bleecker	$175M	$X.XB	—	X.Xx	X.Xx
Beta Systems Software	$171M	$X.XB	$99M	X.Xx	X.Xx
CVC	$170M	$X.XB	—	X.Xx	X.Xx
Bitcoin Group	$169M	$X.XB	—	X.Xx	X.Xx
Cadence Capital	$168M	$X.XB	—	X.Xx	X.Xx
Warehouses Estates	$167M	$X.XB	—	X.Xx	X.Xx
WhiteHorse Finance	$165M	$X.XB	$72M	X.Xx	X.Xx
BriQ Properties	$161M	$X.XB	$25M	X.Xx	X.Xx
Ban Group Holding	$160M	$X.XB	$182M	X.Xx	X.Xx
Westwood Holdings Group	$157M	$X.XB	—	X.Xx	X.Xx
ISC Freshwater Investment	$156M	$X.XB	—	X.Xx	X.Xx
Quercus TFI	$151M	$X.XB	$55M	X.Xx	X.Xx
ArrowMark Financial	$151M	$X.XB	—	X.Xx	X.Xx
235 Holdings	$150M	$X.XB	—	X.Xx	X.Xx
Bellevue	$150M	$X.XB	—	X.Xx	X.Xx
Oxford Square Cap	$147M	$X.XB	$40M	X.Xx	X.Xx
WAM Strategic Value	$146M	$X.XB	—	X.Xx	X.Xx
Norstar Holdings	$145M	$X.XB	—	X.Xx	X.Xx
SCBSM	$144M	$X.XB	—	X.Xx	X.Xx
Monteiro Aranha	$143M	$X.XB	—	X.Xx	X.Xx
Aliança da Bahia	$142M	$X.XB	—	X.Xx	X.Xx
Adriano Care	$141M	$X.XB	—	X.Xx	X.Xx
WAM Alternative Assets	$141M	$X.XB	—	X.Xx	X.Xx
Alexandria Group	$140M	$X.XB	$65M	X.Xx	X.Xx
Tribeca Global Natural Resources	$139M	$X.XB	—	X.Xx	X.Xx
Qrf	$136M	$X.XB	$16M	X.Xx	X.Xx
Heliad	$135M	$X.XB	—	X.Xx	X.Xx
Advance Terrafund	$134M	$X.XB	—	X.Xx	X.Xx
Torimbia	$134M	$X.XB	—	X.Xx	X.Xx
Tander Inversiones	$131M	$X.XB	—	X.Xx	X.Xx
Compagnie Lebon	$129M	$X.XB	$163M	X.Xx	X.Xx
Netfonds	$125M	$X.XB	$190M	X.Xx	X.Xx
Barramundi	$125M	$X.XB	—	X.Xx	X.Xx
Silvercrest Asset Management	$124M	$X.XB	$128M	X.Xx	X.Xx
x	$123M	$X.XB	—	X.Xx	X.Xx
SIMSA	$121M	$X.XB	—	X.Xx	X.Xx
Bailador	$120M	$X.XB	—	X.Xx	X.Xx
Sopharma Properties	$118M	$X.XB	—	X.Xx	X.Xx
Marlin Global	$118M	$X.XB	—	X.Xx	X.Xx
GOP Properties	$118M	$X.XB	—	X.Xx	X.Xx
Entrecampos Cuatro	$118M	$X.XB	—	X.Xx	X.Xx
Hispanotels Inversiones	$116M	$X.XB	—	X.Xx	X.Xx
Serrano 61 Desarrollo	$114M	$X.XB	—	X.Xx	X.Xx
Siemel	$113M	$X.XB	—	X.Xx	X.Xx
Meridia Real Estate III	$112M	$X.XB	—	X.Xx	X.Xx
Ryder Capital	$112M	$X.XB	—	X.Xx	X.Xx
Spheria Emerging	$110M	$X.XB	—	X.Xx	X.Xx
LAIQON	$110M	$X.XB	$47M	X.Xx	X.Xx
Saga Pure	$107M	$X.XB	—	X.Xx	X.Xx
MPH Health Care	$107M	$X.XB	$28M	X.Xx	X.Xx
Advero Properties	$105M	$X.XB	—	X.Xx	X.Xx
Monroe Cap	$105M	$X.XB	$37M	X.Xx	X.Xx
Veracruz Properties	$104M	$X.XB	—	X.Xx	X.Xx
Bulgarian Real Estate Fund	$102M	$X.XB	$30M	X.Xx	X.Xx
IBI Lion Socimi	$101M	$X.XB	—	X.Xx	X.Xx
Lion Selection Group	$100M	$X.XB	—	X.Xx	X.Xx
Alpine Select	$99M	$X.XB	—	X.Xx	X.Xx
Quest for Growth	$96M	$X.XB	—	X.Xx	X.Xx
Sila Holding	$93M	$X.XB	—	X.Xx	X.Xx
Mangold	$92M	$X.XB	—	X.Xx	X.Xx
Azaria Rental	$92M	$X.XB	—	X.Xx	X.Xx
Blue Cap	$92M	$X.XB	$151M	X.Xx	X.Xx
Virtus Global Multi-Sector	$89M	$X.XB	—	X.Xx	X.Xx
Titanium	$89M	$X.XB	$24M	X.Xx	X.Xx
Grupa Kapitalowa IMMOBILE	$89M	$X.XB	—	X.Xx	X.Xx
Sandon Capital	$89M	$X.XB	—	X.Xx	X.Xx
Great Elm Capital	$88M	$X.XB	$49M	X.Xx	X.Xx
Elanor Investors	$87M	$X.XB	—	X.Xx	X.Xx
PhenixFIN	$87M	$X.XB	$24M	X.Xx	X.Xx
Scherzer	$85M	$X.XB	—	X.Xx	X.Xx
OFS Credit	$84M	$X.XB	$45M	X.Xx	X.Xx
Gowing Bros	$83M	$X.XB	—	X.Xx	X.Xx
PEARL DIVER CREDIT	$82M	$X.XB	—	X.Xx	X.Xx
Inversa Prime Socimi	$81M	$X.XB	—	X.Xx	X.Xx
Hennessy Advisors	$79M	$X.XB	—	X.Xx	X.Xx
Case Group	$78M	$X.XB	$23M	X.Xx	X.Xx
Arvo	$77M	$X.XB	$30M	X.Xx	X.Xx
Phoenix Vega Mezz	$77M	$X.XB	—	X.Xx	X.Xx
Vitura	$76M	$X.XB	—	X.Xx	X.Xx
Thorney Opportunities	$75M	$X.XB	—	X.Xx	X.Xx
Mexedia	$75M	$X.XB	$269M	X.Xx	X.Xx
Value8	$74M	$X.XB	—	X.Xx	X.Xx
Holding Nov Vek	$74M	$X.XB	—	X.Xx	X.Xx
MilePro	$74M	$X.XB	—	X.Xx	X.Xx
Next Re SIIQ	$73M	$X.XB	—	X.Xx	X.Xx
Clime Capital	$70M	$X.XB	—	X.Xx	X.Xx
TMT Investments	$70M	$X.XB	—	X.Xx	X.Xx
Nebag	$69M	$X.XB	—	X.Xx	X.Xx
Capsensixx	$68M	$X.XB	—	X.Xx	X.Xx
Hilbert Group	$68M	$X.XB	—	X.Xx	X.Xx
FairPlay Properties REIT	$68M	$X.XB	—	X.Xx	X.Xx
Arrienda Rental Properties	$67M	$X.XB	—	X.Xx	X.Xx
IPAS Indexo	$67M	$X.XB	—	X.Xx	X.Xx
Shareholder Value	$64M	$X.XB	—	X.Xx	X.Xx
Springvest	$64M	$X.XB	$7M	X.Xx	X.Xx
Wiener Privatbank	$63M	$X.XB	—	X.Xx	X.Xx
Smart Capital	$59M	$X.XB	—	X.Xx	X.Xx
Skarbiec Holding	$59M	$X.XB	—	X.Xx	X.Xx
Cube Labs	$57M	$X.XB	—	X.Xx	X.Xx
OFS Capital	$56M	$X.XB	$40M	X.Xx	X.Xx
PEH Wertpapier	$56M	$X.XB	—	X.Xx	X.Xx
Skogsfond Baltikum	$55M	$X.XB	—	X.Xx	X.Xx
SBF Bostad	$55M	$X.XB	—	X.Xx	X.Xx
INVL Technology	$54M	$X.XB	—	X.Xx	X.Xx
Heidelberger	$54M	$X.XB	—	X.Xx	X.Xx
Paref	$51M	$X.XB	—	X.Xx	X.Xx
Latonba	$50M	$X.XB	—	X.Xx	X.Xx
Inbest Prime VI Inmuebles	$48M	$X.XB	—	X.Xx	X.Xx
AP67 Socimi	$47M	$X.XB	—	X.Xx	X.Xx
Strategic Investments	$46M	$X.XB	—	X.Xx	X.Xx
NAXS	$46M	$X.XB	—	X.Xx	X.Xx
Fair Value REIT	$46M	$X.XB	—	X.Xx	X.Xx
Acanthe Developpement	$45M	$X.XB	—	X.Xx	X.Xx
Ktesios Real Estate	$45M	$X.XB	—	X.Xx	X.Xx
Heritage Global	$45M	$X.XB	$53M	X.Xx	X.Xx
Papirfabrikken Invest	$45M	$X.XB	—	X.Xx	X.Xx
Valartis Group	$44M	$X.XB	—	X.Xx	X.Xx
Palmboomen Cultuur	$43M	$X.XB	—	X.Xx	X.Xx
Home Capital Rentals	$43M	$X.XB	—	X.Xx	X.Xx
Athanase Innovation	$42M	$X.XB	—	X.Xx	X.Xx
Castle Private Equity	$42M	$X.XB	—	X.Xx	X.Xx
Tk Hold	$42M	$X.XB	—	X.Xx	X.Xx
Galaxy Cosmos Mezz	$42M	$X.XB	—	X.Xx	X.Xx
Investcorp Credit	$42M	$X.XB	—	X.Xx	X.Xx
GBK Beteiligungen	$42M	$X.XB	—	X.Xx	X.Xx
VBARE Iberian Properties	$41M	$X.XB	—	X.Xx	X.Xx
H-Farm	$41M	$X.XB	—	X.Xx	X.Xx
Quonia SOCIMI	$40M	$X.XB	—	X.Xx	X.Xx
Seafire	$39M	$X.XB	$102M	X.Xx	X.Xx
Accentis	$39M	$X.XB	—	X.Xx	X.Xx
Centric Holdings	$38M	$X.XB	—	X.Xx	X.Xx
RedFish LongTerm Capital	$38M	$X.XB	—	X.Xx	X.Xx
Black Oak Investments	$37M	$X.XB	—	X.Xx	X.Xx
IPOPEMA Securities	$37M	$X.XB	—	X.Xx	X.Xx
Prime ASI	$36M	$X.XB	—	X.Xx	X.Xx
Elbstein	$36M	$X.XB	—	X.Xx	X.Xx
Alpha Investments	$36M	$X.XB	—	X.Xx	X.Xx
Binah Capital Group	$35M	$X.XB	—	X.Xx	X.Xx
Rand Capital	$35M	$X.XB	—	X.Xx	X.Xx
Numulae Gestion De	$34M	$X.XB	—	X.Xx	X.Xx
Altus	$32M	$X.XB	—	X.Xx	X.Xx
Audacia	$32M	$X.XB	$18M	X.Xx	X.Xx
North Energy	$31M	$X.XB	—	X.Xx	X.Xx
Navigo Invest	$31M	$X.XB	—	X.Xx	X.Xx
WT Financial Group	$31M	$X.XB	—	X.Xx	X.Xx
Allerthal-Werke	$31M	$X.XB	—	X.Xx	X.Xx
Inmobiliaria Park Rose	$31M	$X.XB	—	X.Xx	X.Xx
Zest	$31M	$X.XB	—	X.Xx	X.Xx
Garpco	$30M	$X.XB	—	X.Xx	X.Xx
Bulgarian Private Equity	$30M	$X.XB	—	X.Xx	X.Xx
Enrys Island	$29M	$X.XB	—	X.Xx	X.Xx
Buergerliches Brauhaus	$28M	$X.XB	—	X.Xx	X.Xx
Immovaria Real Estate	$26M	$X.XB	—	X.Xx	X.Xx
Coeli Fastighet	$26M	$X.XB	—	X.Xx	X.Xx
Renewable Ventures Nordic	$26M	$X.XB	—	X.Xx	X.Xx
Mennica Skarbowa	$26M	$X.XB	—	X.Xx	X.Xx
Hermana Holding	$25M	$X.XB	—	X.Xx	X.Xx
Yuxing InfoTech	$25M	$X.XB	—	X.Xx	X.Xx
Eprolius Ingatlan Zartkor	$24M	$X.XB	—	X.Xx	X.Xx
SM Wirtschaftsberatungs	$24M	$X.XB	—	X.Xx	X.Xx
Orinoquia Real Estate	$23M	$X.XB	—	X.Xx	X.Xx
Bravo Property Fund REIT	$22M	$X.XB	—	X.Xx	X.Xx
Havsfrun Investment	$21M	$X.XB	—	X.Xx	X.Xx
CNI Nordic 5	$21M	$X.XB	—	X.Xx	X.Xx
STRT Holding	$20M	$X.XB	—	X.Xx	X.Xx
Flexdeal Simfe	$20M	$X.XB	—	X.Xx	X.Xx
Innovative-RFK	$19M	$X.XB	—	X.Xx	X.Xx
Immo Moury	$18M	$X.XB	—	X.Xx	X.Xx
Consensus Asset Management	$18M	$X.XB	—	X.Xx	X.Xx
Value-Holdings	$18M	$X.XB	—	X.Xx	X.Xx
RCM Beteiligungs	$18M	$X.XB	—	X.Xx	X.Xx
Hoevelrat	$18M	$X.XB	—	X.Xx	X.Xx
Inbest Prime VII	$17M	$X.XB	—	X.Xx	X.Xx
Copernico Sim	$17M	$X.XB	—	X.Xx	X.Xx
Vo2 Cap Holding	$16M	$X.XB	$35M	X.Xx	X.Xx
AdCapital	$16M	$X.XB	—	X.Xx	X.Xx
Value-Holdings International	$16M	$X.XB	—	X.Xx	X.Xx
Domo Activos	$16M	$X.XB	—	X.Xx	X.Xx
Consulting Team Holding	$16M	$X.XB	—	X.Xx	X.Xx
Navigator Investments	$16M	$X.XB	—	X.Xx	X.Xx
Stockwik Forvaltning	$15M	$X.XB	$102M	X.Xx	X.Xx
CENTURION FINANCE	$14M	$X.XB	—	X.Xx	X.Xx
MFG Invest AD	$14M	$X.XB	—	X.Xx	X.Xx
CIABRASF	$14M	$X.XB	—	X.Xx	X.Xx
Severcoop Gamza Holding	$14M	$X.XB	—	X.Xx	X.Xx
Private Assets SE	$14M	$X.XB	$185M	X.Xx	X.Xx
Caspar Asset Management	$13M	$X.XB	—	X.Xx	X.Xx
Phoenix Capital Holding	$13M	$X.XB	—	X.Xx	X.Xx
Greenoak Spain Holdings	$13M	$X.XB	—	X.Xx	X.Xx
DLB Anlageservice	$12M	$X.XB	—	X.Xx	X.Xx
Pflege Digitalisierung	$12M	$X.XB	—	X.Xx	X.Xx
Convalue	$12M	$X.XB	—	X.Xx	X.Xx
Elaia Investment Spain	$12M	$X.XB	—	X.Xx	X.Xx
Tarjar Xairo	$11M	$X.XB	—	X.Xx	X.Xx
Unfold.vc	$11M	$X.XB	—	X.Xx	X.Xx
Rigsave	$11M	$X.XB	—	X.Xx	X.Xx
Nextpoint Capital	$11M	$X.XB	—	X.Xx	X.Xx
Fondo ATLANTIC 1	$11M	$X.XB	—	X.Xx	X.Xx
EAC Invest	$11M	$X.XB	—	X.Xx	X.Xx
Wurmtal Beteiligungen	$10M	$X.XB	—	X.Xx	X.Xx
Hawick Data	$10M	$X.XB	—	X.Xx	X.Xx
Electricité et Eaux de Madagascar	$10M	$X.XB	—	X.Xx	X.Xx
Webrock Ventures	$10M	$X.XB	—	X.Xx	X.Xx
RM Rheiner Management	$10M	$X.XB	—	X.Xx	X.Xx
CR Energy	$10M	$X.XB	—	X.Xx	X.Xx
SCI	$10M	$X.XB	—	X.Xx	X.Xx
Alliance Developpement Capital	$9M	$X.XB	—	X.Xx	X.Xx
Tiz Invest	$9M	$X.XB	—	X.Xx	X.Xx
Front Ventures	$9M	$X.XB	—	X.Xx	X.Xx
Magna Polonia	$9M	$X.XB	—	X.Xx	X.Xx
BulLand Investments REIT	$9M	$X.XB	—	X.Xx	X.Xx
Deutsche Effecten- und	$9M	$X.XB	$2M	X.Xx	X.Xx
Futures Capital	$8M	$X.XB	—	X.Xx	X.Xx
Altech Advanced Materials	$8M	$X.XB	—	X.Xx	X.Xx
CaliberCos	$8M	$X.XB	—	X.Xx	X.Xx
Advance Equity Holding	$8M	$X.XB	—	X.Xx	X.Xx
First Venture Sweden	$8M	$X.XB	—	X.Xx	X.Xx
Finexia Financial Group	$8M	$X.XB	—	X.Xx	X.Xx
Panamax New Energy	$8M	$X.XB	—	X.Xx	X.Xx
Aktiv Properties REIT	$7M	$X.XB	—	X.Xx	X.Xx
Grempco	$7M	$X.XB	—	X.Xx	X.Xx
Black Pearl	$7M	$X.XB	—	X.Xx	X.Xx
Effnetplattformen Holding	$7M	$X.XB	—	X.Xx	X.Xx
VF Alternative	$7M	$X.XB	—	X.Xx	X.Xx
GIEAG	$7M	$X.XB	—	X.Xx	X.Xx
Alta	$7M	$X.XB	—	X.Xx	X.Xx
Katalysen Ventures	$6M	$X.XB	—	X.Xx	X.Xx
Webit Investment Network	$6M	$X.XB	—	X.Xx	X.Xx
CNL Capital E.K.E.S	$6M	$X.XB	—	X.Xx	X.Xx
4AIM SICAF	$6M	$X.XB	—	X.Xx	X.Xx
Wise Energy	$6M	$X.XB	—	X.Xx	X.Xx
Trajano Iberia	$5M	$X.XB	—	X.Xx	X.Xx
Upac	$5M	$X.XB	—	X.Xx	X.Xx
Finchain Capital Partners	$5M	$X.XB	—	X.Xx	X.Xx
Marna Beteiligungen	$4M	$X.XB	—	X.Xx	X.Xx
Murphy & Spitz Green	$4M	$X.XB	—	X.Xx	X.Xx
Intercapital Property Development	$4M	$X.XB	—	X.Xx	X.Xx
EEII	$4M	$X.XB	—	X.Xx	X.Xx
Mit Sim	$4M	$X.XB	—	X.Xx	X.Xx
Cardeon	$4M	$X.XB	—	X.Xx	X.Xx
I Love Lund	$3M	$X.XB	—	X.Xx	X.Xx
Vastra Hamnen Corporate	$3M	$X.XB	—	X.Xx	X.Xx
Magenta Investments	$3M	$X.XB	—	X.Xx	X.Xx
Imperio Asi	$3M	$X.XB	—	X.Xx	X.Xx
Dividend Sweden	$3M	$X.XB	—	X.Xx	X.Xx
NanoCap Group	$3M	$X.XB	—	X.Xx	X.Xx
Camerit	$2M	$X.XB	—	X.Xx	X.Xx
ABS Investment ASI	$2M	$X.XB	—	X.Xx	X.Xx
CrowdFundMe	$2M	$X.XB	—	X.Xx	X.Xx
Veltarion	$2M	$X.XB	—	X.Xx	X.Xx
GO Towarzystwo Funduszy	$2M	$X.XB	—	X.Xx	X.Xx
Newcap Holding	$2M	$X.XB	—	X.Xx	X.Xx
KS Nalozbe	$2M	$X.XB	—	X.Xx	X.Xx
Valora Effekten Handel	$2M	$X.XB	—	X.Xx	X.Xx
Sever Holding	$2M	$X.XB	—	X.Xx	X.Xx
Instant Group	$1M	$X.XB	—	X.Xx	X.Xx
Candela Invest	$1M	$X.XB	—	X.Xx	X.Xx
MTI Investment	$1M	$X.XB	—	X.Xx	X.Xx
Fund Estates REIT	$1M	$X.XB	—	X.Xx	X.Xx
Carpathia Capital	$1M	$X.XB	—	X.Xx	X.Xx
Independent Capital	$1M	$X.XB	—	X.Xx	X.Xx
FX International	$1M	$X.XB	—	X.Xx	X.Xx
DFO Capital	$1M	$X.XB	—	X.Xx	X.Xx
Abelco	$990K	$X.XB	—	X.Xx	X.Xx
Fonterelli GmbH &	$982K	$X.XB	—	X.Xx	X.Xx
Upgrade Invest Nordic	$942K	$X.XB	—	X.Xx	X.Xx
Bestbe	$688K	$X.XB	—	X.Xx	X.Xx
Strategie Kapital	$428K	$X.XB	—	X.Xx	X.Xx
Northern CapSek Ventures	$368K	$X.XB	—	X.Xx	X.Xx
Sino-German United	$332K	$X.XB	—	X.Xx	X.Xx
Dessixx	$317K	$X.XB	—	X.Xx	X.Xx
publity	$9K	$X.XB	—	X.Xx	X.Xx
Verianos	$8K	$X.XB	—	X.Xx	X.Xx
ANTCO Investment Group	—	$X.XB	—	X.Xx	X.Xx
Treasure ASA	—	$X.XB	—	X.Xx	X.Xx
Reitir	—	$X.XB	—	X.Xx	X.Xx
Banco BTG Pactual	—	$X.XB	$7B	X.Xx	X.Xx