Asset Management Valuation Multiples and Public Comps

Asset Management

See analyst estimates and all valuation multiples for Asset Management

Company	EV	EV/Revenue	EV/EBITDA
Brookfield	$330B	55.5x	12.5x
Morgan Stanley	$286B	4.5x	n/a
Macquarie Group	$208B	18.7x	n/a
Goldman Sachs	$163B	3.0x	n/a
BlackRock	$153B	7.2x	17.3x
Blackstone	$127B	10.7x	18.3x
Strategy	$126B	272.1x	3645.3x
Investor AB	$103B	25.1x	n/a
Brookfield Asset Management	$94.3B	20.9x	34.7x
Guotai Junan International	$89.7B	13.8x	n/a
ORIX	$66.2B	3.3x	24.5x
Brookfield Infrastructure Partners	$64.0B	n/a	n/a
Prudential Financial	$61.4B	1.0x	7.6x
3i Group	$54.3B	7.1x	7.5x
Ares Management	$50.7B	12.7x	30.1x
KKR	$47.7B	6.5x	9.3x
Ameriprise Financial	$47.7B	2.7x	8.7x
GF Securities	$41.9B	10.9x	32.7x
Brookfield Renewable Partners Canada	$40.3B	n/a	n/a
Partners Group	$39.3B	14.7x	23.2x
China Galaxy Securities	$38.6B	7.7x	n/a
Power Corporation of Canada	$37.7B	2.9x	n/a
Sun Life Financial	$35.8B	3.7x	9.8x
Northern Trust	$35.0B	4.2x	n/a
Raymond James	$33.8B	2.5x	n/a
Swiss Life	$33.3B	2.3x	n/a
Guosen Securities	$32.8B	11.5x	n/a
EQT	$32.7B	11.5x	19.6x
Korea Investment Holdings	$31.1B	16.2x	n/a
Corebridge Financial	$30.0B	1.5x	7.4x
Ares Capital	$28.9B	9.7x	8.1x
Meritz Financial	$28.5B	9.8x	n/a
Carlyle Group	$27.1B	7.1x	17.9x
Jefferies	$23.6B	3.4x	24.2x
Orient Securities	$23.2B	8.5x	n/a
Mega Financial Holding Co	$22.2B	8.6x	n/a
Franklin Resources	$21.0B	3.2x	11.3x
CVC Capital Partners	$20.9B	10.7x	18.7x
Jio Financial	$19.9B	80.1x	n/a
Latour	$19.5B	7.1x	n/a
Julius Baer	$19.3B	4.1x	n/a
Klepierre	$19.1B	13.6x	16.4x
T. Rowe Price	$19.0B	2.7x	7.0x
Principal Financial Group	$18.8B	1.2x	7.8x
State Street	$18.6B	1.4x	n/a
Everbright Securities	$18.3B	10.4x	n/a
China Industrial Securities	$18.3B	10.4x	n/a
Scottish Mortgage IT	$17.6B	n/a	n/a
Founder Securities	$17.4B	15.7x	n/a
Covivio	$17.0B	22.1x	25.3x
Taiwan Cooperative Bank	$16.7B	n/a	n/a
Amundi	$16.5B	4.2x	8.8x
Equitable Holdings	$16.4B	1.1x	5.4x
Blue Owl Capital Inc.	$16.0B	6.5x	11.7x
Industrivarden	$16.0B	n/a	37.8x
Bajaj Holdings	$15.5B	n/a	n/a
Groupe Bruxelles Lambert	$15.3B	2.2x	34.2x
Lundbergföretagen	$15.2B	n/a	n/a
Gecina Nom	$14.9B	18.8x	23.1x
ASR Nederland	$14.4B	1.4x	9.1x
KGI Financial	$13.8B	5.6x	n/a
FS KKR Capital	$13.8B	8.2x	8.3x
Zhongtai Securities	$13.2B	8.3x	n/a
HAL Trust	$12.7B	0.8x	3.4x
Kiwoom Securities	$11.9B	8.9x	n/a
Cinda Securities	$11.5B	24.8x	n/a
Soochow Securities	$11.4B	7.0x	n/a
IGM Financial	$11.4B	4.6x	10.3x
Pershing Square Holdings	$11.3B	n/a	n/a
Tianfeng Securities Co	$11.0B	n/a	n/a
Zheshang Securities	$10.7B	4.8x	n/a
Basellandschaftliche	$10.7B	n/a	n/a
Guoyuan Securities	$10.5B	9.5x	n/a
Changjiang Securities	$10.5B	10.0x	n/a
Sofina	$10.4B	n/a	n/a
HDFC Mutual Fund	$10.3B	22.8x	29.7x
Merlin Properties SOCIMI	$10.2B	17.4x	23.4x
DWS Group	$10.2B	3.2x	8.6x
Invesco	$10.1B	2.3x	6.9x
Caitong Securities	$10.1B	11.5x	n/a
SEIC	$9.7B	4.5x	13.8x
M&G	$9.6B	7.1x	n/a
Capital Securities Corp.	$9.5B	n/a	n/a
Onex	$9.4B	n/a	n/a
Voya Financial	$9.3B	1.2x	n/a
Sanlam	$9.2B	3.1x	7.3x
Inmobiliaria Colonial	$9.0B	20.0x	24.4x
Storebrand	$8.9B	2.2x	n/a
Grupo Bolivar	$8.8B	n/a	n/a
Warehouses De Pauw	$8.6B	18.3x	19.1x
TPG	$8.6B	2.9x	9.2x
Daishin Securities	$8.5B	18.7x	n/a
Dongxing Securities	$8.2B	n/a	n/a
St James's Place	$8.1B	7.7x	14.5x
HASI	$8.0B	20.8x	30.7x
Intermediate Capital Group	$8.0B	6.6x	12.1x
Wendel	$7.9B	0.9x	6.8x
Yuanta Financial Holdings	$7.9B	3.1x	n/a
F&C Investment Trust	$7.8B	n/a	n/a
Discovery	$7.7B	2.5x	n/a
Hamilton Lane	$7.6B	11.2x	23.2x
HuaAn Securities Co	$7.1B	n/a	n/a
Sinolink Securities	$7.1B	7.5x	n/a
Main Street Capital	$7.1B	12.9x	n/a
VZ VermögensZentrum	$7.0B	10.8x	20.5x
Affiliated Managers Group	$7.0B	3.4x	7.2x
Sunshine Insurance Group	$6.9B	0.6x	n/a
Alliance Witan	$6.8B	n/a	n/a
Western Securities	$6.8B	n/a	n/a
Eurazeo	$6.7B	15.6x	-178.5x
Southwest Securities	$6.5B	17.4x	n/a
Societe Fonciere	$6.5B	23.4x	27.4x
Covivio Hotels	$6.5B	n/a	n/a
Legal & General	$6.4B	0.4x	n/a
Aedifica	$6.2B	15.9x	18.6x
Harel Group	$6.1B	1.6x	n/a
Cofinimmo	$6.1B	15.1x	18.8x
Carmila	$5.8B	13.2x	15.3x
Australian Foundation Investment Company	$5.8B	n/a	n/a
Greencoat UK Wind	$5.7B	42.2x	n/a
360 One Wam	$5.6B	18.4x	39.3x
Motilal Oswal	$5.6B	5.9x	13.6x
Icade	$5.5B	13.1x	16.6x
KBC Ancora	$5.4B	12.9x	n/a
BOC International China	$5.4B	n/a	n/a
Lazard	$5.4B	1.9x	13.0x
Great Eastern Life	$5.3B	n/a	n/a
Polar Capital Technology Trust	$5.2B	n/a	n/a
Tikehau Capital	$5.2B	7.4x	14.5x
Compagnie du Cambodge	$4.9B	n/a	n/a
Burford Capital	$4.9B	8.9x	n/a
Altarea	$4.6B	1.5x	14.5x
Remgro	$4.6B	1.7x	22.1x
Aberdeen Group	$4.6B	2.7x	12.2x
GQG Partners	$4.6B	5.8x	7.6x
Okasan Securities	$4.6B	8.1x	n/a
AllianceBernstein	$4.5B	1.3x	3.9x
StepStone Group	$4.5B	4.9x	11.4x
3i Infrastructure	$4.4B	n/a	n/a
Argo Investments	$4.3B	n/a	n/a
Janus Henderson	$4.2B	1.7x	6.1x
Cohen & Steers	$4.1B	7.9x	n/a
General De Galerías	$4.1B	n/a	n/a
E-L Financial	$4.1B	n/a	n/a
RIT Capital Partners	$4.0B	n/a	n/a
Authum Investment & Infrastructure	$3.9B	n/a	n/a
Azimut Group	$3.8B	2.4x	5.0x
alstria office REIT	$3.8B	17.0x	n/a
Argan	$3.8B	16.5x	17.6x
Brederode	$3.7B	n/a	n/a
MA Financial	$3.7B	17.8x	60.9x
Inversiones La Construcción	$3.7B	1.2x	n/a
Tata Investment	$3.6B	n/a	n/a
Bridgepoint Group	$3.5B	5.6x	10.5x
Federated Hermes	$3.4B	2.0x	7.8x
Vontobel	$3.4B	2.0x	n/a
Xior Student Housing	$3.4B	17.2x	22.5x
Virtus Investment Partners	$3.3B	3.9x	12.0x
EdelweissFin	$3.3B	n/a	n/a
Eurocommercial Props	$3.3B	12.6x	16.2x
Roko AB	$3.3B	n/a	n/a
Prodea Real Estate	$3.2B	n/a	n/a
Menora Mivtachim	$3.2B	n/a	n/a
HgCapital	$3.2B	n/a	n/a
Artisan Partners	$3.1B	2.8x	7.9x
Mandatum	$3.1B	10.0x	13.8x
Peugeot Invest	$3.0B	10.1x	11.4x
Storskogen Group	$3.0B	n/a	n/a
Kinnevik	$2.9B	-36.7x	-13.8x
Capital Financial	$2.9B	n/a	n/a
Galaxy Digital	$2.7B	0.8x	12.9x
Man Group	$2.7B	1.9x	5.5x
Montea	$2.7B	19.3x	19.3x
Hanwha Investment	$2.7B	n/a	n/a
Guolian Securities	$2.7B	4.5x	n/a
JM Financial	$2.6B	n/a	n/a
Phoenix Financial	$2.5B	1.0x	n/a
Moncey (Fin) Nom	$2.5B	n/a	n/a
Cenergy Holdings	$2.4B	1.1x	7.6x
Bure Equity	$2.4B	n/a	n/a
Anima Holding	$2.3B	4.0x	5.7x
Mercialys	$2.2B	11.0x	13.2x
Old Mutual	$2.2B	0.6x	n/a
Infortar	$2.1B	n/a	n/a
GIMV	$2.1B	n/a	n/a
Retail Estates	$2.1B	12.7x	15.6x
Investec	$2.1B	0.7x	n/a
Patria Investments	$2.1B	5.6x	12.0x
Frey	$2.0B	n/a	n/a
Wereldhave	$2.0B	10.6x	14.6x
Testa Residencial Socimi	$1.9B	n/a	n/a
SSI Securities	$1.8B	5.3x	n/a
Tamburi Inv Partners	$1.8B	1267.3x	-68.0x
Vivenio Residencial	$1.8B	n/a	n/a
Perpetual	$1.8B	2.1x	7.0x
Antin Infra	$1.7B	4.9x	8.7x
P10	$1.6B	5.6x	13.6x
Luxempart	$1.5B	n/a	n/a
Montepino Logística	$1.5B	n/a	n/a
HBM Healthcare Inv	$1.5B	14.7x	21.0x
Mutares	$1.4B	0.2x	82.0x
Norte Grande	$1.4B	n/a	n/a
Metrics Master Income	$1.4B	n/a	n/a
Sprott	$1.4B	8.2x	15.1x
Nextensa	$1.3B	11.1x	18.7x
Immobiliare Grande	$1.3B	7.9x	11.0x
Oakley Capital	$1.3B	n/a	n/a
PSG Financial Services	$1.2B	n/a	n/a
Cymbria	$1.2B	n/a	n/a
Investcorp Capital	$1.2B	9.3x	9.8x
Care Property Invest	$1.2B	14.9x	17.5x
IntegraFin	$1.2B	5.9x	14.0x
Abacus Global Management	$1.2B	8.4x	15.1x
ALTAMIR	$1.2B	688.4x	-54.1x
Creades	$1.1B	n/a	n/a
İş Yatırım	$1.1B	n/a	n/a
Novavest Real Estate	$1.1B	22.2x	30.4x
Shin Young Securities	$1.1B	n/a	n/a
Value Grupo Financiero	$1.1B	n/a	n/a
WAM Leaders	$1.1B	n/a	n/a
Fiera Capital	$1.0B	2.1x	7.3x
DeFi Technologies	$1.0B	6.7x	10.2x
Eurohold Bulgaria	$1.0B	n/a	n/a
NB Private Equity Partners	$994M	n/a	n/a
Chapters Group	$982M	6.8x	27.7x
InvestCo Holding	$960M	n/a	n/a
Fidere Patrimonio Socimi	$938M	n/a	n/a
Viel	$929M	n/a	n/a
Patrimoine et	$896M	n/a	n/a
Navigo Invest	$888M	n/a	n/a
Amanat	$865M	n/a	n/a
Molten Ventures	$857M	7.4x	9.3x
Home Invest Belgium	$852M	22.4x	26.8x
NSI	$845M	11.0x	14.4x
Atom Hoteles Socimi	$819M	n/a	n/a
Vitura	$815M	n/a	n/a
Wereldhave	$802M	n/a	n/a
VinaCapital	$763M	n/a	n/a
IP Group	$747M	-6.5x	-17.7x
Clairvest Group	$731M	n/a	n/a
Syncona	$723M	11.1x	3.5x
Guardian Capital	$720M	n/a	n/a
Deutsche Beteiligungs	$716M	6.0x	11.7x
Chrysalis Investments	$712M	641.9x	n/a
Immobiliere Dassault	$711M	n/a	n/a
Ascencio	$696M	11.4x	13.9x
Deutsche Konsum REIT	$691M	7.8x	12.0x
Arendals Fossekompani	$681M	20.8x	43.4x
Spiltan Invest	$669M	n/a	n/a
Trastor Real Estate	$663M	n/a	n/a
Renta 4	$656M	n/a	34.6x
IDI SCA	$654M	12.3x	46.6x
Vastned	$651M	8.7x	11.7x
Lafinca Global Assets	$650M	n/a	n/a
Svolder	$643M	n/a	n/a
Treasure ASA	$578M	n/a	n/a
Senvest Capital	$546M	n/a	n/a
Investment AB Oresund	$543M	n/a	n/a
Regal Partners	$533M	3.2x	6.3x
eQ	$529M	7.3x	13.7x
Compagnie du Bois Sauvage	$528M	n/a	n/a
Vinci Partners	$524M	4.5x	10.8x
Idun Industrier	$507M	n/a	n/a
Bleecker	$505M	n/a	n/a
Diamond Biofund	$486M	n/a	n/a
Catella	$482M	n/a	n/a
Trade Estates Real Estate	$466M	9.5x	14.1x
Millenium Hospitality	$460M	14.1x	28.0x
TINC	$455M	n/a	n/a
SHUAA Capital	$447M	n/a	n/a
Associated Cap Group	$435M	n/a	n/a
MCI Capital	$424M	132.7x	21.7x
Brockhaus Technologies	$408M	1.6x	5.5x
Traction	$407M	n/a	n/a
ABC arbitrage	$400M	6.8x	15.5x
RTW Biotech Opportunities	$397M	n/a	n/a
Olimpo Real Estate SOCIMI	$394M	n/a	n/a
CapMan	$393M	5.9x	14.5x
Aurelius Equity Opps	$389M	n/a	n/a
Budapest Ingatlan	$381M	n/a	n/a
Noor Investment	$375M	n/a	n/a
Ibervalles Socimi	$375M	n/a	n/a
SBI Global Asset Management	$371M	4.7x	n/a
Bosqar	$368M	n/a	n/a
Literacy Capital	$364M	n/a	n/a
Ashmore Group	$351M	1.7x	4.4x
SCBSM	$346M	n/a	n/a
Pembroke VCT	$323M	n/a	n/a
Polar Capital Holdings	$322M	1.3x	3.8x
VNV Global	$321M	-3.5x	-3.2x
Warehouses Estates	$319M	11.2x	15.5x
Karnell Group	$310M	n/a	n/a
All Iron Re I Socimi	$303M	n/a	n/a
International Biotechnology Trust	$293M	n/a	n/a
ISC Freshwater Investment	$284M	n/a	n/a
GIEAG	$280M	n/a	n/a
Longshield Investment	$272M	n/a	n/a
Invalda INVL	$272M	n/a	n/a
Private Equity Holding	$271M	n/a	n/a
BriQ Properties	$264M	13.2x	15.8x
Kingfish	$264M	n/a	n/a
Atland	$255M	n/a	n/a
Alantra Partners	$253M	n/a	n/a
Adriano Care Socimi	$248M	n/a	n/a
Cie Lebon	$245M	1.5x	13.8x
Fondul Proprietatea	$242M	n/a	n/a
Meridia Real Estate III	$240M	n/a	n/a
Tander Inversiones Socimi	$231M	n/a	n/a
VEF	$227M	n/a	n/a
SBF Bostad	$226M	n/a	n/a
Vitruvio Real Estate	$225M	n/a	n/a
City of London Investment Group	$220M	3.3x	7.8x
Bitcoin Group	$218M	n/a	n/a
Torimbia Socimi	$218M	n/a	n/a
Pacific Current Group	$218M	7.1x	32.0x
Pengana Private Equity	$216M	n/a	n/a
SuRo Capital	$213M	57.8x	n/a
United Bankers	$210M	3.1x	8.1x
Taaleri	$210M	2.8x	n/a
Augmentum Fintech	$199M	n/a	n/a
Qrf	$198M	14.1x	17.9x
Ble Kedros REIC	$185M	n/a	n/a
GOP Properties Socimi	$177M	n/a	n/a
Inversiones Doalca Socimi	$170M	n/a	n/a
Grupa Kapitalowa IMMOBILE	$165M	n/a	n/a
Gedik Yatırım	$165M	n/a	n/a
Cadence Capital	$154M	n/a	n/a
Blue Cap	$151M	0.6x	3.5x
Serrano 61 Desarrollo	$151M	n/a	n/a
Inversa Prime Socimi	$150M	n/a	n/a
Heliad	$149M	n/a	n/a
Advance Terrafund	$145M	n/a	n/a
Paref	$143M	n/a	n/a
Azaria Rental Socimi	$142M	n/a	n/a
Samara Asset Group	$141M	n/a	n/a
Entrecampos Cuatro Socimi	$139M	n/a	n/a
Indexa Capital Group	$135M	n/a	n/a
MPC Muenchmeyer Petersen	$131M	2.6x	11.0x
Quercus TFI	$131M	n/a	n/a
Veracruz Props Socimi	$129M	n/a	n/a
IBI Lion Socimi	$123M	n/a	n/a
Arbona	$122M	n/a	n/a
Netfonds	$118M	0.4x	10.2x
Alexandria Group	$116M	2.0x	7.1x
Sila Holding	$115M	n/a	n/a
Holding Nov Vek	$114M	n/a	n/a
Fair Value REIT	$113M	n/a	n/a
Trajano Iberia SOCIMI	$113M	n/a	n/a
LAIQON	$111M	3.0x	-50.4x
CR Energy	$108M	n/a	n/a
MPH Health Care	$107M	n/a	n/a
Flat Capital	$101M	n/a	n/a
Hispanotels Inversiones	$101M	n/a	n/a
Sopharma Properties	$98.2M	n/a	n/a
Bulgarian Real Estate	$98.1M	n/a	n/a
Advero Properties	$93.6M	n/a	n/a
Wiener Privatbank	$88.1M	n/a	n/a
AP67 Socimi	$87.5M	n/a	n/a
Phoenix Vega Mezz	$86.7M	n/a	n/a
Arrienda Rental Props	$84.7M	n/a	n/a
Mangold	$84.4M	n/a	n/a
Quest for Growth	$83.7M	n/a	n/a
Alpine Select	$82.3M	n/a	n/a
Papirfabrikken Invest	$77.6M	n/a	n/a
FairPlay Props REIT	$77.4M	n/a	n/a
TMT Investments	$75.5M	n/a	n/a
Mercal Inmuebles Socimi	$75.0M	n/a	n/a
Milepro Logistica De	$72.3M	n/a	n/a
Nebag	$70.7M	n/a	n/a
Next Re SIIQ	$70.7M	n/a	n/a
Greenoak Spain Hldgs	$70.5M	n/a	n/a
Bellevue Gr	$68.2M	n/a	n/a
Titanium	$67.2M	2.8x	6.7x
RedFish LongTerm Capital	$67.2M	n/a	n/a
NAXS	$63.9M	n/a	n/a
Crypto Blockchain	$61.6M	n/a	n/a
Home Capital Rentals	$58.5M	n/a	n/a
Arvo	$58.5M	2.8x	21.6x
Acanthe Developpement	$55.2M	n/a	n/a
Stockwik Forvaltning	$54.9M	0.6x	5.4x
Quonia SOCIMI	$53.6M	n/a	n/a
Strategic Investments	$53.6M	n/a	n/a
AdCapital	$53.0M	n/a	n/a
PEH Wertpapier	$52.9M	n/a	n/a
Skogsfond Baltikum	$52.9M	n/a	n/a
Castle Private Equity	$52.4M	n/a	n/a
Cube Labs	$51.6M	n/a	n/a
Case Group	$51.1M	n/a	n/a
Numulae Gestion De	$50.8M	n/a	n/a
Smart Capital	$49.2M	n/a	n/a
Private Assets	$48.5M	0.2x	7.1x
Inbest Prime VI Inmuebles	$46.6M	n/a	n/a
Seafire	$46.1M	0.5x	5.8x
INVL Technology	$45.6M	4.4x	6.2x
Ktesios Real Estate	$45.0M	n/a	n/a
Capsensixx	$44.5M	n/a	n/a
Sever Holding	$44.4M	n/a	n/a
Springvest	$42.4M	5.6x	21.9x
Galaxy Cosmos Mezz	$42.0M	n/a	n/a
Inmobiliaria Park Rose	$41.9M	n/a	n/a
Coeli Fastighet	$41.2M	n/a	n/a
Immo Moury	$41.2M	n/a	n/a
Valartis Group	$40.7M	n/a	n/a
Elaia Investment Spain	$39.2M	n/a	n/a
Hilbert Group	$38.2M	n/a	n/a
Accentis	$38.1M	n/a	n/a
Tk Hold	$38.0M	n/a	n/a
Zest	$36.8M	3.5x	-20.7x
Nextpoint Capital Socimi	$36.0M	n/a	n/a
Prime ASI	$34.8M	n/a	n/a
H-Farm	$34.8M	n/a	n/a
Eprolius Ingatlan Zartkor	$33.1M	n/a	n/a
Garpco	$33.0M	n/a	n/a
Inmofam 99 SOCIMI	$32.5M	n/a	n/a
Sinergon Holding	$31.6M	n/a	n/a
Value8	$30.5M	n/a	n/a
Aktiv Props REIT	$29.5M	n/a	n/a
RCM Beteiligungs	$27.8M	n/a	n/a
Black Oak Investments	$27.4M	n/a	n/a
WT Financial Group	$26.4M	n/a	n/a
Altech Advanced Mat	$23.4M	n/a	n/a
Verianos	$23.1M	n/a	n/a
Consulting Team Holding	$21.9M	n/a	n/a
Flexdeal Simfe	$21.6M	n/a	n/a
OXO Technologies Holding	$20.6M	n/a	n/a
CNI Nordic 5	$19.6M	n/a	n/a
Severcoop Gamza Holding	$19.5M	n/a	n/a
North Energy	$18.5M	n/a	n/a
Innovative-RFK	$18.2M	n/a	n/a
Intercapital Prop Dev	$18.0M	n/a	n/a
Palmboomen Cultuur	$17.7M	n/a	n/a
Enrys Island SpA Societa	$17.7M	n/a	n/a
Mennica Skarbowa	$17.3M	n/a	n/a
Inbest Prime VII	$16.7M	n/a	n/a
Tarjar Xairo SOCIMI	$16.0M	n/a	n/a
Electricite Eaux	$15.5M	n/a	n/a
IPAS Indexo	$15.4M	n/a	n/a
Caspar Asset Management	$15.1M	n/a	n/a
STRT Holding	$15.1M	n/a	n/a
Audacia	$14.5M	0.9x	5.0x
Skarbiec Holding	$14.3M	n/a	n/a
Copernico Sim	$14.2M	n/a	n/a
Bulgarian Private Equity	$14.1M	n/a	n/a
Hermana Holding	$13.9M	57.0x	-18.3x
Fund Estates REIT	$13.5M	n/a	n/a
Det Ostasiatiske Kompagni	$12.6M	n/a	n/a
Futures Capital	$12.0M	n/a	n/a
VF Alternative	$11.5M	n/a	n/a
Cardeon	$11.0M	18.7x	n/a
Mexedia	$10.8M	n/a	n/a
Vo2 Cap Holding	$10.6M	0.3x	2.3x
Wise Energy	$10.5M	n/a	n/a
Alliance Developpement	$10.2M	n/a	n/a
Black Pearl	$10.0M	n/a	n/a
Navigator Investments	$10.0M	n/a	n/a
CENTURION FINANCE	$9.6M	n/a	n/a
Webrock Ventures	$9.5M	n/a	n/a
Alta	$9.4M	n/a	n/a
Rigsave	$9.0M	n/a	n/a
Unfold.vc ASI	$8.9M	n/a	n/a
Marna Beteiligungen	$8.8M	n/a	n/a
Katalysen Ventures	$8.3M	n/a	n/a
Hawick Data	$8.3M	n/a	n/a
Nordic Asia Investment	$7.8M	n/a	n/a
Consensus Asset Mgmt	$7.3M	n/a	n/a
Bul Land Inv Re	$7.2M	n/a	n/a
RIXX Invest	$7.2M	n/a	n/a
Havsfrun Investment	$5.7M	n/a	n/a
First Venture Sweden	$5.6M	n/a	n/a
Grempco	$5.4M	n/a	n/a
Panamax New Energy	$5.2M	n/a	n/a
Corpfin Capital Prime	$4.8M	n/a	n/a
Murphy & Spitz Green	$4.7M	n/a	n/a
Vastra Hamnen Corporate	$4.4M	n/a	n/a
Domo Activos	$4.3M	n/a	n/a
EEII	$4.1M	n/a	n/a
Mit Sim	$3.3M	n/a	n/a
I Love Lund	$3.2M	n/a	n/a
Bestbe	$2.9M	n/a	n/a
Magenta Investments	$2.8M	n/a	n/a
NanoCap Group	$2.7M	n/a	n/a
Front Ventures	$2.7M	n/a	n/a
Imperio Asi	$2.3M	n/a	n/a
Effnetplattformen Holding	$2.3M	n/a	n/a
Heidelberger	$2.2M	n/a	n/a
CrowdFundMe	$2.1M	n/a	n/a
Renewable Ventures Nordic	$2.0M	n/a	n/a
Newcap Holding	$1.9M	n/a	n/a
KS Nalozbe	$1.8M	n/a	n/a
RightBridge Ventures Gr	$1.7M	n/a	n/a
GO Towarzystwo Funduszy	$1.5M	n/a	n/a
FX International	$1.3M	n/a	n/a
Dividend Sweden	$1.2M	n/a	n/a
Northern CapSek Ventures	$1.1M	n/a	n/a
Abelco Investment Group	$0.9M	n/a	n/a
Valora Effekten Handel	$0.7M	n/a	n/a
Upgrade Invest Nordic	$0.7M	n/a	n/a
Carpathia Capital	$0.3M	n/a	n/a
ANTCO Invt Gr	$0.3M	n/a	n/a
MTI Investment	$0.3M	n/a	n/a
ABS Investment ASI	$0.2M	n/a	n/a
DFO Capital	$0.1M	n/a	n/a
Sino-German United	-$0.3M	n/a	n/a
Camerit	-$0.4M	n/a	n/a
Alpha Investments	-$6.5M	n/a	n/a
Magna Polonia	-$7.0M	n/a	n/a
Altus	-$9.5M	n/a	n/a
WAM Global	-$12.9M	n/a	n/a
Saga Pure	-$17.8M	n/a	n/a
IPOPEMA Securities	-$22.5M	n/a	n/a
Transilvania Investments	-$76.5M	n/a	n/a
Kuwait Investment Company	-$91.1M	n/a	n/a
Demetra Hldgs	-$146M	n/a	n/a
Evergent Investments	-$316M	n/a	n/a
Infinity Capital Inv	-$523M	n/a	n/a
CoinShares	-$701M	-5.0x	-5.1x
Kyobo Securities	-$709M	n/a	n/a
Waha Capital	-$769M	-18.6x	n/a
Schroders	-$1.0B	-0.3x	-1.1x
CICC	-$1.5B	-0.5x	-1.5x
Migdal Group	-$2.7B	n/a	n/a
SDIC Capital	-$6.1B	n/a	n/a
Challenger	-$7.1B	-11.4x	-16.7x
Nomura	-$8.2B	-0.6x	-1.9x
China Securities HK	-$12.9B	-3.2x	n/a
Ninety One	-$13.5B	-17.2x	-56.3x
Apollo Global Management	-$122B	-5.2x	-21.2x