Asset Management Valuation Multiples and Public Comps

Asset Management

See analyst estimates and all valuation multiples for Asset Management

Company	EV	EV/LTM Revenue	EV/LTM EBITDA
Morgan Stanley	$364B	5.5x	n/a
Brookfield	$340B	45.2x	17.8x
Goldman Sachs	$259B	4.6x	n/a
Macquarie Group	$215B	18.4x	n/a
BlackRock	$176B	7.8x	18.8x
Blackstone	$156B	12.7x	21.7x
KKR	$142B	18.5x	26.9x
China CITIC Financial	$139B	11.9x	n/a
China Cinda Asset Mgmt Co	$133B	17.1x	n/a
Strategy	$106B	230.3x	3449.7x
Investor AB	$103B	15.5x	n/a
Brookfield Asset Management	$94.6B	19.2x	33.8x
Guotai Junan International	$93.4B	12.5x	n/a
ORIX	$73.2B	3.6x	29.8x
Brookfield Infrastructure Partners	$64.0B	n/a	n/a
Prudential Financial	$58.5B	1.0x	7.1x
Ares Management	$52.6B	12.3x	29.6x
3i Group	$51.0B	6.4x	6.2x
GF Securities	$48.8B	11.5x	38.9x
Ameriprise Financial	$43.5B	2.4x	7.7x
Brookfield Renewable Partners Canada	$42.8B	n/a	n/a
Annaly Capital Management	$42.2B	27.8x	7.4x
China Galaxy Securities	$41.1B	8.4x	n/a
China Merchants	$40.7B	11.6x	24.2x
Power Corporation of Canada	$39.7B	3.0x	n/a
Partners Group	$38.8B	13.0x	20.6x
EQT	$38.6B	12.8x	21.3x
Northern Trust	$38.1B	4.7x	n/a
Guosen Securities	$37.1B	12.1x	n/a
Raymond James	$36.7B	2.6x	n/a
Korea Investment Holdings	$36.5B	16.1x	n/a
Swiss Life	$36.0B	1.7x	n/a
Carlyle Group	$34.9B	8.7x	22.8x
Sun Life Financial	$33.5B	3.6x	8.8x
Meritz Financial	$30.5B	10.3x	n/a
Ares Capital	$29.0B	9.6x	8.1x
Corebridge Financial	$27.9B	1.4x	7.1x
Jefferies	$25.4B	3.6x	27.2x
Orient Securities	$25.1B	8.9x	n/a
Mega Financial Holding Co	$23.5B	9.3x	n/a
Itausa Investimentos ITAU	$23.4B	7.8x	n/a
State Street	$22.4B	1.7x	n/a
Franklin Resources	$21.9B	3.3x	11.5x
Jio Financial	$21.9B	92.8x	n/a
ASR Nederland	$20.8B	2.0x	12.4x
Everbright Securities	$20.4B	12.2x	n/a
T. Rowe Price	$20.2B	2.8x	7.2x
CVC Capital Partners	$20.1B	9.9x	16.6x
Klepierre	$19.8B	13.3x	16.2x
Scottish Mortgage IT	$19.1B	n/a	n/a
Covivio	$19.0B	23.7x	26.3x
China Industrial Securities	$18.7B	10.1x	n/a
Founder Securities	$18.6B	12.9x	n/a
Principal Financial Group	$18.1B	1.1x	7.0x
Latour	$17.7B	6.1x	n/a
Bajaj Holdings and Inv	$17.3B	n/a	n/a
Intermediate Capital Group	$17.0B	12.7x	22.3x
Industrivarden	$16.8B	n/a	12.3x
Transinc FII	$16.6B	n/a	n/a
Taiwan Cooperative Bank	$16.3B	n/a	n/a
Kiwoom Securities	$16.1B	10.8x	n/a
Blue Owl Capital Inc.	$15.6B	6.1x	10.8x
HAL Trust	$15.4B	1.0x	3.9x
Groupe Bruxelles Lambert	$15.3B	2.1x	14.9x
Cinda Securities	$15.2B	33.0x	n/a
Lundbergföretagen	$15.0B	n/a	n/a
Gecina Nom	$14.5B	17.4x	21.3x
Zhongtai Securities	$14.4B	8.4x	n/a
HDFC Mutual Fund	$13.9B	30.4x	38.7x
Tianfeng Securities Co	$13.8B	n/a	n/a
Amundi	$13.6B	3.4x	7.2x
Pershing Square Holdings	$13.5B	n/a	n/a
Invesco	$13.3B	2.9x	8.7x
Soochow Securities	$13.1B	9.1x	n/a
FS KKR Capital	$12.8B	8.0x	8.0x
Zheshang Securities	$12.7B	6.2x	n/a
Merlin Properties SOCIMI	$12.5B	19.8x	26.7x
IGM Financial	$12.3B	4.7x	10.6x
KGI Financial	$11.9B	6.3x	n/a
Changjiang Securities	$11.6B	9.1x	n/a
Basellandschaftliche	$11.5B	n/a	n/a
Capital Securities Corp.	$11.5B	n/a	n/a
TPG	$11.4B	4.4x	11.6x
Guoyuan Securities	$11.4B	10.5x	n/a
Caitong Securities	$11.1B	12.1x	n/a
DWS Group	$10.9B	3.2x	7.9x
Daishin Securities	$10.7B	21.6x	n/a
Sofina	$10.5B	n/a	n/a
Storebrand	$10.3B	2.4x	n/a
Onex	$10.2B	n/a	n/a
Washington H Soul	$10.2B	n/a	n/a
Nomura	$10.1B	0.8x	2.1x
M&G	$10.1B	7.2x	n/a
Kingdom Holding	$10.1B	14.4x	30.9x
SEIC	$10.0B	4.5x	13.6x
Warehouses De Pauw	$9.8B	18.9x	19.8x
Grupo Bolivar	$9.6B	n/a	n/a
Inmobiliaria Colonial	$9.4B	19.9x	24.3x
Voya Financial	$9.3B	1.2x	n/a
Alony-Hetz Props & Inv	$9.3B	n/a	n/a
Dongxing Securities	$9.2B	n/a	n/a
Sanlam	$9.1B	1.9x	n/a
Equitable Holdings	$9.0B	0.6x	3.2x
Affiliated Managers Group	$8.9B	4.3x	9.1x
Golub Capital BDC	$8.9B	10.2x	n/a
Western Securities	$8.5B	n/a	n/a
Wendel	$8.5B	0.9x	4.9x
F&C Investment Trust	$8.3B	n/a	n/a
Harel Group	$8.3B	2.0x	n/a
Great Eastern Life	$8.3B	n/a	n/a
HASI	$8.2B	21.1x	23.8x
Yuanta Financial Holdings	$8.1B	2.1x	n/a
Main Street Capital	$8.0B	14.4x	n/a
Legal & General	$7.9B	0.5x	n/a
Vontobel	$7.9B	4.6x	n/a
Sinolink Securities	$7.8B	7.0x	n/a
Southwest Securities	$7.7B	21.4x	n/a
HuaAn Securities Co	$7.7B	n/a	n/a
Discovery	$7.7B	2.4x	9.6x
Galaxy Digital	$7.6B	0.2x	66.6x
BOC International China	$7.4B	n/a	n/a
Covivio Hotels	$7.3B	n/a	n/a
Alliance Witan	$7.1B	n/a	n/a
Sunshine Insurance Group	$6.9B	0.5x	n/a
Societe Fonciere	$6.9B	24.6x	28.7x
Norstar Holdings	$6.7B	n/a	n/a
Motilal Oswal	$6.7B	6.9x	16.2x
Polar Capital Technology Trust	$6.6B	n/a	n/a
Hamilton Lane	$6.5B	9.0x	19.7x
Aedifica	$6.4B	15.6x	18.3x
VZ VermögensZentrum	$6.4B	9.2x	17.8x
Cofinimmo	$6.4B	15.3x	19.0x
Icade	$6.1B	13.9x	16.6x
Authum Investment & Infrastructure	$6.1B	n/a	n/a
Lazard	$6.1B	2.0x	13.9x
Tikehau Capital	$6.1B	7.7x	13.3x
KBC Ancora	$6.1B	n/a	n/a
Australian Foundation Investment Company	$5.9B	n/a	n/a
Carmila	$5.9B	11.6x	14.6x
Eurazeo	$5.9B	14.9x	-43.6x
Phoenix Financial	$5.6B	2.1x	n/a
Altarea	$5.5B	1.8x	16.6x
Menora Mivtachim	$5.5B	n/a	n/a
360 One Wam	$5.4B	17.2x	35.3x
MA Financial	$5.4B	23.7x	79.9x
Greencoat UK Wind	$5.4B	-203.3x	n/a
Victory Capital Holdings	$5.4B	4.6x	8.9x
Remgro	$5.3B	n/a	n/a
Aberdeen Group	$5.2B	3.0x	12.9x
Compagnie du Cambodge	$5.1B	n/a	n/a
Janus Henderson	$5.0B	1.9x	6.7x
StepStone Group	$4.9B	4.8x	10.9x
3i Infrastructure	$4.7B	n/a	n/a
Azimut Group	$4.6B	3.1x	6.2x
Argo Investments	$4.6B	n/a	n/a
Burford Capital	$4.6B	10.5x	n/a
Israel Corp	$4.5B	n/a	n/a
E-L Financial	$4.5B	n/a	n/a
RIT Capital Partners	$4.3B	n/a	n/a
AllianceBernstein	$4.2B	1.2x	3.6x
Okasan Securities	$4.2B	7.5x	n/a
General De Galerías	$4.2B	n/a	n/a
Argan	$4.1B	16.7x	17.8x
Tata Investment	$4.0B	n/a	n/a
Discount Investment	$4.0B	n/a	n/a
Federated Hermes	$3.9B	2.3x	8.2x
Bridgepoint Group	$3.8B	5.4x	10.4x
Capital Financial	$3.8B	n/a	n/a
Brederode	$3.7B	n/a	n/a
Ag Anadolu Grubu Holding	$3.7B	0.2x	2.4x
Xior Student Housing	$3.6B	17.2x	22.4x
Cohen & Steers	$3.4B	6.4x	n/a
Eurocommercial Props	$3.4B	13.0x	16.0x
Virtus Investment Partners	$3.4B	4.2x	12.4x
Corporacion Financiera	$3.4B	n/a	n/a
Prospect Capital	$3.4B	4.8x	n/a
Prodea Real Estate	$3.4B	n/a	n/a
Investec	$3.4B	1.1x	n/a
SSI Securities	$3.3B	10.0x	n/a
Inversiones La Construcción	$3.3B	1.2x	n/a
GQG Partners	$3.3B	4.1x	5.4x
EdelweissFin	$3.3B	n/a	n/a
Roko AB	$3.2B	4.7x	20.5x
JM Financial	$3.2B	n/a	n/a
MidCap Financial	$3.2B	10.0x	n/a
Artisan Partners	$3.2B	2.7x	7.9x
Mandatum	$3.1B	9.5x	14.5x
Hanwha Investment	$3.1B	n/a	n/a
Peugeot Invest	$3.1B	9.9x	11.2x
Cenergy Holdings	$3.0B	1.3x	8.3x
HgCapital	$3.0B	n/a	n/a
InvestCo Holding	$2.9B	n/a	n/a
Montea	$2.9B	18.3x	18.6x
New Mountain Finance	$2.8B	8.1x	n/a
Pinnacle Investment Mgmt	$2.8B	62.5x	28.7x
Storskogen Group	$2.8B	0.8x	6.2x
Kinnevik	$2.7B	171.0x	-25.8x
Man Group	$2.7B	2.1x	6.3x
Mercialys	$2.7B	12.4x	14.9x
Old Mutual	$2.6B	0.6x	n/a
Oaktree Specialty Lending	$2.6B	8.2x	8.1x
Frey	$2.4B	10.4x	n/a
Moncey (Fin) Nom	$2.4B	n/a	n/a
Anima Holding	$2.4B	4.2x	6.1x
Julius Baer	$2.4B	0.5x	n/a
Patria Investments	$2.4B	6.9x	12.8x
GIMV	$2.4B	n/a	n/a
Carlyle Secured Lending	$2.3B	9.4x	9.0x
WisdomTree	$2.3B	5.0x	13.7x
Wereldhave	$2.2B	11.2x	15.1x
Retail Estates	$2.2B	13.0x	16.1x
Capital Southwest	$2.2B	10.1x	n/a
Oxford Lane Capital	$2.2B	4.3x	n/a
Isras Investments	$2.2B	n/a	n/a
Tamburi Inv Partners	$2.2B	1037.1x	-96.2x
Bure Equity	$2.1B	n/a	n/a
Antin Infrastructure	$2.0B	5.6x	10.2x
Acadian Asset Management	$2.0B	3.5x	10.3x
Vivenio Residencial	$2.0B	n/a	n/a
Infortar	$2.0B	n/a	n/a
Perpetual	$2.0B	2.2x	7.2x
Sociedad de Inversiones	$2.0B	n/a	n/a
Testa Residencial Socimi	$1.9B	n/a	n/a
Mutares	$1.9B	0.2x	14.3x
MFF Capital Inv	$1.8B	n/a	n/a
Norte Grande	$1.8B	n/a	n/a
Sprott	$1.8B	9.2x	17.8x
BlackRock TCP Cap	$1.7B	7.8x	n/a
Generation Dev Gr	$1.7B	18.1x	55.8x
Borusan Yatirim Pazarlama	$1.7B	n/a	n/a
P10	$1.7B	5.6x	13.9x
Montepino Logística	$1.6B	n/a	n/a
Lapidoth Capital	$1.6B	n/a	n/a
Luxempart	$1.6B	n/a	n/a
Deterra Royalties	$1.6B	9.4x	10.1x
Metrics Master Income	$1.6B	n/a	n/a
Isras Holdings	$1.6B	n/a	n/a
HBM Healthcare Inv	$1.6B	26.6x	94.7x
Oakley Capital	$1.6B	n/a	n/a
Global Yatirim Holding	$1.6B	n/a	n/a
Investcorp Capital	$1.5B	10.9x	11.3x
Crescent Capital BDC	$1.5B	8.2x	n/a
İş Yatırım	$1.4B	n/a	n/a
Shin Young Securities	$1.4B	n/a	n/a
Immobiliare Grande	$1.4B	8.2x	11.2x
Magellan Financial Group	$1.3B	6.7x	10.5x
WAM Capital	$1.3B	n/a	n/a
Eagle Point Credit Co	$1.3B	6.7x	n/a
Cymbria	$1.3B	n/a	n/a
Nextensa	$1.3B	11.1x	18.3x
Mogan Enerji Yatirim	$1.3B	n/a	n/a
IntegraFin	$1.3B	6.1x	14.6x
Administradora de Fondos	$1.3B	n/a	n/a
Fidus Investment	$1.3B	8.5x	n/a
Administradora de Fondos	$1.3B	n/a	n/a
WAM Leaders	$1.2B	n/a	n/a
ALTAMIR	$1.2B	22.6x	30.7x
Bradespar	$1.2B	4.5x	4.7x
Guardian Capital	$1.2B	n/a	n/a
Vastned	$1.1B	14.4x	14.5x
Ral Yatirim Holding	$1.1B	n/a	n/a
Novavest Real Estate	$1.1B	21.6x	25.4x
Creades	$1.1B	n/a	n/a
Fiera Capital	$1.1B	2.2x	7.7x
Alarko Holding	$1.1B	n/a	n/a
Care Property Invest	$1.1B	12.7x	15.0x
Chapters Group	$1.1B	5.9x	43.6x
PSG Financial Services	$1.1B	n/a	n/a
Eurohold Bulgaria	$1.1B	n/a	n/a
Gladstone Inv	$1.1B	11.0x	n/a
Navigo Invest	$1.1B	n/a	n/a
Viel	$1.0B	n/a	n/a
GCM Grosvenor	$1.0B	2.0x	4.7x
AFP Cuprum	$1.0B	n/a	n/a
Molten Ventures	$999M	8.9x	12.1x
Value Grupo Financiero	$978M	n/a	n/a
Renta 4	$973M	n/a	49.3x
NB Private Equity Partners	$964M	n/a	n/a
Fidere Patrimonio Socimi	$956M	n/a	n/a
BKI Investment Co	$955M	n/a	n/a
Chrysalis Investments	$936M	831.4x	n/a
Australian United	$930M	n/a	n/a
Abacus Global Management	$930M	5.3x	9.6x
Wereldhave	$923M	n/a	n/a
Patrimoine et	$922M	n/a	n/a
Ufuk Yatirim Yonetim	$909M	n/a	n/a
VinaCapital	$903M	n/a	n/a
Amanat	$899M	n/a	n/a
IP Group	$869M	-12.9x	-9.9x
Atom Hoteles Socimi	$868M	n/a	n/a
Tortoise Energy Infr	$867M	n/a	n/a
PM Capital Global Opps	$866M	n/a	n/a
Home Invest Belgium	$865M	20.5x	26.1x
NSI	$854M	10.1x	13.7x
Forestal Constructora	$844M	n/a	n/a
Vitura	$842M	n/a	n/a
Gladstone Cap	$809M	9.2x	n/a
Treasure ASA	$801M	n/a	n/a
Syncona	$773M	9.8x	3.1x
Arendals Fossekompani	$770M	20.4x	41.2x
Ascencio	$763M	11.9x	14.5x
Immobiliere Dassault	$760M	n/a	n/a
Diversified United	$753M	n/a	n/a
Gryphon Capital IT	$744M	n/a	n/a
Clairvest Group	$726M	n/a	n/a
Trastor Real Estate	$720M	n/a	n/a
IDI SCA	$715M	21.2x	-165.4x
AFP Capital	$715M	n/a	n/a
Horizon Tech Finance	$707M	8.2x	n/a
Resolute Holdings Mgmt	$671M	n/a	n/a
Lafinca Global Assets	$671M	n/a	n/a
Regal Partners	$669M	3.6x	7.1x
Spiltan Invest	$662M	n/a	n/a
Deutsche Beteiligungs	$660M	7.1x	18.3x
Lydia Holding	$647M	n/a	n/a
Noor Investment	$642M	n/a	n/a
Senvest Capital	$640M	n/a	n/a
St James's Place	$637M	0.6x	1.1x
Verusa Holding	$619M	n/a	n/a
TINC	$618M	n/a	n/a
DeFi Technologies	$614M	3.6x	6.0x
eQ	$608M	8.3x	16.3x
Svolder	$605M	n/a	n/a
Eczacibasi Yatirim	$569M	n/a	n/a
WhiteHorse Finance	$567M	7.1x	7.1x
Compagnie du Bois Sauvage	$559M	n/a	n/a
Investment AB Oresund	$558M	n/a	n/a
BNY Mellon Strategic	$540M	n/a	n/a
WAM Global	$539M	n/a	n/a
Ban Group Holding	$535M	2.9x	9.2x
Kuyas Yatrim	$530M	n/a	n/a
Ashmore Group	$523M	2.7x	7.4x
Barings Corporate Invts	$516M	n/a	n/a
Idun Industrier	$511M	2.1x	13.3x
MCI Capital	$510M	153.9x	61.0x
Vinci Partners	$509M	3.5x	9.8x
Bleecker	$505M	n/a	n/a
RTW Biotech Opportunities	$496M	n/a	n/a
Kinea High Yield Cri	$493M	n/a	n/a
Trade Estates Real Estate	$492M	10.1x	14.7x
Proteccion	$481M	n/a	n/a
Aurelius Equity Opps	$466M	n/a	n/a
Millenium Hospitality	$464M	15.2x	33.0x
Boston Omaha	$451M	4.0x	22.1x
CapMan	$445M	6.1x	14.0x
Calamos L/S Equity	$443M	n/a	n/a
SBI Global Asset Management	$426M	5.4x	n/a
Bosqar	$426M	n/a	n/a
Olimpo Real Estate SOCIMI	$421M	n/a	n/a
ABC arbitrage	$421M	5.8x	12.6x
VNV Global	$418M	-4.9x	-4.6x
Traction	$408M	n/a	n/a
AFP Planvital	$408M	n/a	n/a
Diamond Biofund	$400M	n/a	n/a
Blackrock Muniyield NY	$393M	n/a	n/a
Innventure	$392M	73.9x	n/a
Karnell Group	$387M	2.3x	12.6x
Holding Bursatil	$386M	n/a	6.1x
Monroe Cap	$373M	7.7x	n/a
Brockhaus Technologies	$366M	1.4x	5.3x
Literacy Capital	$365M	n/a	n/a
SCBSM	$360M	n/a	n/a
OFS Capital	$360M	7.5x	n/a
Dogan Sirketler Grubu	$357M	0.1x	2.4x
International Biotechnology Trust	$353M	n/a	n/a
Polar Capital Holdings	$352M	1.2x	4.1x
Diamond Hill Investment	$342M	n/a	n/a
Great Elm Capital	$341M	7.2x	n/a
Warehouses Estates	$341M	11.7x	16.0x
Kinea Hedge Fund Fundo	$339M	n/a	n/a
SHUAA Capital	$337M	n/a	n/a
Budapest Ingatlan	$334M	n/a	n/a
All Iron Re I Socimi	$333M	n/a	n/a
Pembroke VCT	$332M	n/a	n/a
Invalda INVL	$320M	n/a	n/a
Fondul Proprietatea	$311M	n/a	n/a
Hsi Malls Fundo	$302M	n/a	n/a
Catella	$301M	1.4x	8.1x
Longshield Investment	$298M	n/a	n/a
GIEAG	$297M	n/a	n/a
ISC Freshwater Investment	$296M	n/a	n/a
Waton Financial	$291M	n/a	n/a
SuRo Capital	$291M	142.2x	n/a
BriQ Properties	$291M	12.2x	15.0x
Mexedia	$291M	n/a	n/a
RMR Gr	$286M	0.3x	3.2x
Atland	$284M	n/a	n/a
Destiny Tech100	$281M	n/a	n/a
Oxford Square Cap	$279M	6.5x	n/a
Gedik Yatırım	$277M	n/a	n/a
Kingfish	$267M	n/a	n/a
Deutsche Konsum REIT	$264M	2.8x	3.5x
Pacific Current Group	$261M	41.6x	17.6x
Alantra Partners	$258M	n/a	n/a
Adriano Care Socimi	$257M	n/a	n/a
Pengana Private Equity	$257M	n/a	n/a
Chicago Atlantic BDC	$256M	6.0x	n/a
Cie Lebon	$255M	1.6x	11.2x
Samara Asset Group	$246M	n/a	n/a
Tander Inversiones Socimi	$241M	n/a	n/a
PhenixFIN	$241M	10.0x	n/a
Inversiones Siemel	$240M	n/a	n/a
Moneda Renta Variable	$239M	n/a	n/a
United Bankers	$237M	3.4x	9.2x
VEF	$232M	n/a	n/a
SBF Bostad	$232M	n/a	n/a
Meridia Real Estate III	$232M	n/a	n/a
City of London Investment Group	$231M	3.3x	7.6x
Vinci Gestora de Recursos	$227M	n/a	n/a
Torimbia Socimi	$225M	n/a	n/a
Flat Capital	$223M	n/a	n/a
ArrowMark Financial	$222M	n/a	n/a
Taaleri	$222M	3.3x	n/a
Private Equity Holding	$220M	n/a	n/a
Ellington Credit	$214M	6.0x	n/a
Qrf	$213M	14.7x	19.7x
Bitcoin Group	$213M	n/a	n/a
Vitruvio Real Estate	$212M	n/a	n/a
Ble Kedros REIC	$203M	n/a	n/a
SWK Holdings	$201M	4.5x	n/a
Augmentum Fintech	$196M	n/a	n/a
GOP Properties Socimi	$186M	n/a	n/a
Indexa Capital Group	$185M	n/a	n/a
Investcorp Credit	$179M	9.2x	n/a
Inversiones Doalca Socimi	$177M	n/a	n/a
Grupa Kapitalowa IMMOBILE	$177M	n/a	n/a
Monteiro Aranha	$176M	n/a	n/a
MPC Muenchmeyer Petersen	$171M	3.4x	14.6x
Administradora Americana	$170M	n/a	n/a
Cadence Capital	$168M	n/a	n/a
OFS Credit Co	$160M	3.7x	n/a
Serrano 61 Desarrollo	$158M	n/a	n/a
Heliad	$158M	269.1x	58.5x
Azaria Rental Socimi	$149M	n/a	n/a
LAIQON	$147M	3.5x	-712.5x
Paref	$146M	n/a	n/a
Advance Terrafund	$146M	n/a	n/a
Sila Holding	$141M	n/a	n/a
Netfonds	$141M	0.6x	10.5x
Entrecampos Cuatro Socimi	$140M	n/a	n/a
IBI Lion Socimi	$138M	n/a	n/a
Inversa Prime Socimi	$137M	n/a	n/a
Quercus TFI	$137M	n/a	n/a
Alexandria Group	$136M	2.3x	8.5x
Veracruz Props Socimi	$135M	n/a	n/a
Westwood Holdings Gr	$135M	n/a	n/a
Virtus Glb Multi-Sector	$130M	n/a	n/a
Silvercrest Asset Mgmt Gr	$126M	1.0x	5.0x
Arbona	$125M	n/a	n/a
Hispanotels Inversiones	$123M	n/a	n/a
PEARL DIVER CREDIT CO	$122M	n/a	n/a
Holding Nov Vek	$121M	n/a	n/a
Blue Cap	$120M	0.7x	6.2x
Companhia de	$117M	n/a	n/a
Bulgarian Real Estate Fd	$117M	n/a	n/a
Fair Value REIT	$117M	n/a	n/a
Sopharma Properties	$117M	n/a	n/a
Crypto Blockchain	$114M	n/a	n/a
Hilbert Group	$109M	n/a	n/a
Case Group	$105M	8.1x	n/a
MPH Health Care	$105M	2.5x	-4.6x
Alpine Select	$98.0M	n/a	n/a
Wiener Privatbank	$98.0M	n/a	n/a
Advero Properties	$97.1M	n/a	n/a
Mangold	$96.3M	n/a	n/a
Arrienda Rental Props	$93.4M	n/a	n/a
Quest for Growth	$92.3M	n/a	n/a
AP67 Socimi	$92.1M	n/a	n/a
TMT Investments	$91.5M	n/a	n/a
Papirfabrikken Invest	$90.4M	n/a	n/a
Phoenix Vega Mezz	$85.6M	n/a	n/a
Trajano Iberia SOCIMI	$81.4M	n/a	n/a
Next Re SIIQ	$78.7M	n/a	n/a
Valartis Group	$78.6M	n/a	n/a
FairPlay Props REIT	$78.5M	n/a	n/a
Mercal Inmuebles Socimi	$78.1M	n/a	n/a
Bellevue Gr	$77.9M	n/a	n/a
RedFish LongTerm Capital	$76.1M	n/a	n/a
Value8	$75.4M	n/a	n/a
Milepro Logistica De	$75.4M	n/a	n/a
CIABRASF	$75.3M	n/a	n/a
CaliberCos	$73.9M	2.8x	n/a
Arvo	$73.5M	2.6x	n/a
Home Capital Rentals	$73.4M	n/a	n/a
Nebag	$69.7M	n/a	n/a
VBARE Iberian Properties	$68.0M	n/a	n/a
Titanium	$63.8M	n/a	n/a
Hennessy Advisors	$61.6M	n/a	n/a
Quonia SOCIMI	$61.5M	n/a	n/a
Stockwik Forvaltning	$59.6M	0.6x	5.5x
Cube Labs	$56.4M	n/a	n/a
NAXS	$56.4M	n/a	n/a
Skogsfond Baltikum	$54.6M	n/a	n/a
Numulae Gestion De	$54.2M	n/a	n/a
Ktesios Real Estate	$53.8M	16.4x	43.4x
Capsensixx	$53.5M	n/a	n/a
AdCapital	$53.4M	n/a	n/a
Heritage Global	$53.1M	1.0x	5.6x
Strategic Investments	$52.3M	n/a	n/a
Smart Capital	$51.4M	n/a	n/a
Acanthe Developpement	$51.1M	n/a	n/a
Seafire	$50.6M	0.5x	6.3x
Binah Capital Group	$49.8M	n/a	n/a
Prime ASI	$49.6M	n/a	n/a
INVL Technology	$48.6M	3.8x	5.1x
Inbest Prime VI Inmuebles	$48.4M	n/a	n/a
Aktiv Props REIT	$47.1M	n/a	n/a
Immo Moury	$45.9M	n/a	n/a
Springvest	$45.9M	n/a	n/a
Rand Capital	$45.2M	n/a	n/a
Galaxy Cosmos Mezz	$44.7M	n/a	n/a
Coeli Fastighet	$43.7M	n/a	n/a
Inmobiliaria Park Rose	$43.5M	n/a	n/a
Sever Holding	$43.0M	n/a	n/a
H-Farm	$42.9M	n/a	n/a
Castle Private Equity	$42.8M	n/a	n/a
CENTURION FINANCE	$40.3M	n/a	n/a
Nextpoint Capital Socimi	$37.5M	n/a	n/a
Eprolius Ingatlan Zartkor	$37.2M	n/a	n/a
Enrys Island SpA Societa	$36.8M	n/a	n/a
Greenoak Spain Hldgs	$34.8M	n/a	n/a
Garpco	$34.2M	n/a	n/a
RCM Beteiligungs	$32.1M	n/a	n/a
IPAS Indexo	$32.0M	n/a	n/a
WT Financial Group	$30.9M	n/a	n/a
Zest	$30.9M	3.1x	-10.5x
Tk Hold	$30.7M	n/a	n/a
Heidelberger	$30.1M	n/a	n/a
Sinergon Holding	$29.2M	n/a	n/a
Black Oak Investments	$28.5M	n/a	n/a
Severcoop Gamza Holding	$25.8M	n/a	n/a
Accentis	$25.8M	n/a	n/a
Elaia Investment Spain	$24.5M	n/a	n/a
Verianos	$24.1M	n/a	n/a
PEH Wertpapier	$23.2M	n/a	n/a
Innovative-RFK	$21.9M	n/a	n/a
Skarbiec Holding	$20.5M	n/a	n/a
CNI Nordic 5	$20.1M	n/a	n/a
Noah Holdings	$18.9M	0.1x	0.2x
North Energy	$18.8M	n/a	n/a
Intercapital Prop Dev	$18.7M	n/a	n/a
Hermana Holding	$17.9M	45.1x	-20.1x
Copernico Sim	$17.6M	n/a	n/a
Inbest Prime VII	$17.2M	n/a	n/a
Tarjar Xairo SOCIMI	$17.1M	n/a	n/a
Altech Advanced Mat	$16.2M	n/a	n/a
Audacia	$16.1M	1.0x	7.7x
Navigator Investments	$16.0M	n/a	n/a
Mennica Skarbowa	$15.8M	n/a	n/a
Private Assets	$15.6M	0.1x	13.8x
Consulting Team Holding	$15.3M	n/a	n/a
Vo2 Cap Holding	$15.0M	0.4x	4.6x
STRT Holding	$14.6M	n/a	n/a
Flexdeal Simfe	$14.5M	n/a	n/a
VF Alternative	$13.6M	n/a	n/a
Bulgarian Private Equity	$12.6M	n/a	n/a
Det Ostasiatiske Kompagni	$12.5M	n/a	n/a
Futures Capital	$12.3M	n/a	n/a
Rigsave	$12.1M	n/a	n/a
Fund Estates REIT	$12.0M	n/a	n/a
Saga Pure	$11.9M	n/a	n/a
Wise Energy	$10.8M	n/a	n/a
Caspar Asset Management	$10.7M	n/a	n/a
Black Pearl	$9.5M	n/a	n/a
Unfold.vc ASI	$9.0M	n/a	n/a
Consensus Asset Mgmt	$8.8M	n/a	n/a
Alta	$8.6M	n/a	n/a
Havsfrun Investment	$8.5M	n/a	n/a
Marna Beteiligungen	$7.9M	n/a	n/a
Bul Land Inv Re	$7.4M	n/a	n/a
Webrock Ventures	$7.4M	n/a	n/a
First Venture Sweden	$7.3M	n/a	n/a
Alliance Developpement	$7.1M	n/a	n/a
Grempco	$6.7M	n/a	n/a
Domo Activos	$6.2M	n/a	n/a
EEII	$5.8M	n/a	n/a
Magna Polonia	$5.5M	n/a	n/a
Katalysen Ventures	$5.4M	n/a	n/a
CR Energy	$5.4M	n/a	n/a
Panamax New Energy	$5.1M	n/a	n/a
Corpfin Capital Prime	$5.0M	n/a	n/a
Cardeon	$4.9M	7.9x	n/a
Electricite Eaux	$4.8M	n/a	n/a
Murphy & Spitz Green	$4.6M	n/a	n/a
Vastra Hamnen Corporate	$4.5M	n/a	n/a
I Love Lund	$3.9M	n/a	n/a
Effnetplattformen Holding	$3.7M	n/a	n/a
Dividend Sweden	$3.4M	n/a	n/a
NanoCap Group	$3.3M	n/a	n/a
Magenta Investments	$2.9M	n/a	n/a
Bestbe	$2.9M	n/a	n/a
Imperio Asi	$2.9M	n/a	n/a
Newcap Holding	$2.6M	n/a	n/a
Front Ventures	$2.6M	n/a	n/a
Mit Sim	$2.4M	n/a	n/a
RightBridge Ventures Gr	$2.4M	n/a	n/a
CrowdFundMe	$2.4M	n/a	n/a
MTI Investment	$1.7M	n/a	n/a
GO Towarzystwo Funduszy	$1.7M	n/a	n/a
Veltarion	$1.6M	n/a	n/a
KS Nalozbe	$1.5M	n/a	n/a
Abelco Investment Group	$1.2M	n/a	n/a
Northern CapSek Ventures	$1.1M	n/a	n/a
Renewable Ventures Nordic	$1.0M	n/a	n/a
FX International	$0.9M	n/a	n/a
Upgrade Invest Nordic	$0.7M	n/a	n/a
DFO Capital	$0.7M	n/a	n/a
Valora Effekten Handel	$0.7M	n/a	n/a
ABS Investment ASI	$0.5M	n/a	n/a
ANTCO Invt Gr	$0.3M	n/a	n/a
Sino-German United	-$0.3M	n/a	n/a
Camerit	-$0.6M	n/a	n/a
Carpathia Capital	-$1.0M	n/a	n/a
Palmboomen Cultuur	-$1.1M	n/a	n/a
Hawick Data	-$1.4M	n/a	n/a
Nordic Asia Investment	-$2.2M	n/a	n/a
Alpha Investments	-$5.5M	n/a	n/a
Altus	-$10.2M	n/a	n/a
IPOPEMA Securities	-$24.3M	n/a	n/a
Transilvania Investments	-$59.0M	n/a	n/a
Kuwait Investment Company	-$89.7M	n/a	n/a
Demetra Hldgs	-$97.1M	n/a	n/a
Evergent Investments	-$209M	n/a	n/a
Kyobo Securities	-$223M	n/a	n/a
Infinity Capital Inv	-$415M	n/a	n/a
CoinShares	-$415M	-3.3x	-2.8x
Waha Capital	-$713M	-15.7x	n/a
Schroders	-$911M	-0.3x	-0.9x
Guolian Securities	-$1.2B	-1.4x	n/a
CICC	-$1.9B	-0.5x	-1.5x
Migdal Group	-$4.6B	n/a	n/a
SDIC Capital	-$5.6B	n/a	n/a
China Securities HK	-$10.6B	-2.7x	n/a
Challenger	-$11.8B	-18.3x	-26.4x
Ninety One	-$13.6B	n/a	n/a
Apollo Asset Management	-$138B	-6.5x	-23.3x