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	$403B	5.8x	n/a
Brookfield	$345B	42.4x	55.4x
Goldman Sachs	$300B	5.1x	n/a
BlackRock	$169B	7.1x	17.3x
China CITIC Financial	$139B	13.3x	n/a
China Cinda Asset Mgmt Co	$134B	34.5x	n/a
Blackstone	$131B	10.4x	17.3x
Investor AB	$117B	17.4x	n/a
Guotai Junan International	$104B	12.7x	n/a
Brookfield Asset Management	$87.6B	16.4x	30.0x
Brookfield Infrastructure Partners	$75.6B	n/a	n/a
Macquarie Group	$72.6B	6.1x	n/a
ORIX	$72.6B	3.7x	29.9x
Strategy	$65.4B	139.9x	1755.4x
Prudential Financial	$62.2B	1.1x	7.1x
GF Securities	$54.3B	11.5x	29.8x
Ares Management	$49.1B	11.0x	26.2x
Annaly Capital Management	$46.8B	27.1x	7.5x
China Merchants	$45.0B	13.2x	22.9x
Power Corporation of Canada	$44.6B	3.3x	n/a
3i Group	$44.2B	5.2x	5.4x
Brookfield Renewable Partners Canada	$42.3B	n/a	n/a
Ameriprise Financial	$40.4B	2.2x	7.1x
Guosen Securities	$40.4B	11.3x	n/a
China Galaxy Securities	$39.6B	8.1x	n/a
KKR	$38.3B	4.6x	7.1x
Northern Trust	$37.7B	4.7x	n/a
EQT	$37.6B	12.2x	20.7x
Swiss Life	$37.6B	1.5x	n/a
Raymond James	$36.4B	2.5x	n/a
Korea Investment Holdings	$35.0B	13.5x	n/a
Partners Group	$34.2B	11.1x	17.6x
China Securities HK	$33.5B	7.3x	n/a
Sun Life Financial	$33.3B	5.0x	8.6x
Carlyle Group	$33.2B	8.7x	20.3x
Ares Capital	$30.6B	10.0x	8.4x
Meritz Financial	$28.7B	10.2x	n/a
Itausa Investimentos ITAU	$26.4B	8.6x	n/a
Corebridge Financial	$26.0B	1.3x	7.4x
Orient Securities	$25.8B	9.4x	n/a
Jefferies	$24.4B	3.3x	23.4x
State Street	$22.8B	1.7x	n/a
Jio Financial	$22.5B	97.5x	n/a
Mega Financial Holding Co	$22.4B	9.2x	n/a
Franklin Resources	$21.9B	3.3x	11.1x
ASR Nederland	$20.9B	2.0x	12.1x
China Industrial Securities	$20.2B	10.5x	n/a
T. Rowe Price	$20.1B	2.7x	6.9x
Everbright Securities	$20.0B	12.6x	n/a
Klepierre	$19.7B	13.0x	15.8x
CVC Capital Partners	$18.8B	9.5x	15.2x
Covivio	$18.6B	23.2x	25.5x
Founder Securities	$18.5B	11.2x	n/a
Industrivarden	$18.4B	n/a	6.6x
Principal Financial Group	$18.0B	1.1x	6.9x
Scottish Mortgage IT	$17.7B	n/a	n/a
Latour	$17.3B	5.8x	n/a
Transinc FII	$16.6B	n/a	n/a
Zhongtai Securities	$16.3B	8.9x	n/a
Taiwan Cooperative Bank	$16.1B	n/a	n/a
Kiwoom Securities	$16.0B	10.3x	n/a
HAL Trust	$15.9B	1.0x	3.9x
Lundbergföretagen	$15.4B	n/a	n/a
Groupe Bruxelles Lambert	$15.1B	2.1x	25.5x
Invesco	$14.8B	3.2x	9.3x
Amundi	$14.7B	3.8x	7.8x
Cinda Securities	$14.5B	31.2x	n/a
Blue Owl Capital Inc.	$14.4B	5.5x	9.8x
Pershing Square Holdings	$14.1B	n/a	n/a
Gecina Nom	$14.0B	16.7x	20.5x
Soochow Securities	$13.9B	8.5x	n/a
Bajaj Holdings and Inv	$13.8B	n/a	n/a
Zheshang Securities	$13.7B	10.6x	n/a
Changjiang Securities	$13.1B	8.8x	n/a
IGM Financial	$12.9B	4.7x	10.5x
KGI Financial	$12.6B	7.5x	n/a
Merlin Properties SOCIMI	$12.5B	19.7x	26.4x
HDFC Mutual Fund	$12.3B	26.4x	33.7x
Nomura	$11.9B	1.0x	2.4x
Guoyuan Securities	$11.9B	11.7x	n/a
TPG	$11.8B	5.2x	11.9x
Caitong Securities	$11.7B	12.1x	n/a
FS KKR Capital	$11.6B	7.5x	7.5x
Tianfeng Securities Co	$11.5B	n/a	n/a
Basellandschaftliche	$11.5B	n/a	n/a
Sofina	$11.2B	n/a	n/a
Storebrand	$11.1B	2.9x	n/a
DWS Group	$10.9B	3.1x	7.4x
Sanlam	$10.8B	6.1x	n/a
Dongxing Securities	$10.8B	n/a	n/a
Alony-Hetz Props & Inv	$10.8B	n/a	n/a
M&G	$10.7B	7.8x	n/a
Kingdom Holding	$10.6B	15.3x	32.6x
Capital Securities Corp.	$10.4B	n/a	n/a
Daishin Securities	$10.1B	18.6x	n/a
Grupo Bolivar	$10.1B	n/a	n/a
Warehouses De Pauw	$9.9B	18.9x	19.9x
Guolian Securities	$9.7B	9.6x	n/a
Affiliated Managers Group	$9.6B	4.6x	9.2x
Onex	$9.4B	n/a	n/a
Infratil	$9.4B	4.7x	17.4x
HASI	$9.4B	24.3x	19.9x
SEIC	$9.1B	4.0x	11.8x
Colonial Sfl Socimi	$9.1B	19.3x	23.4x
Washington H Soul	$9.0B	18.5x	25.9x
Voya Financial	$9.0B	1.2x	n/a
Discovery	$9.0B	2.9x	n/a
Golub Capital BDC	$8.7B	10.1x	n/a
Legal & General	$8.6B	0.5x	n/a
F&C Investment Trust	$8.6B	n/a	n/a
Sinolink Securities	$8.4B	7.3x	n/a
Wendel	$8.4B	0.8x	5.2x
Western Securities	$8.3B	n/a	n/a
HuaAn Securities Co	$8.2B	n/a	n/a
Intermediate Capital Group	$8.1B	5.9x	9.9x
Vontobel	$7.9B	4.6x	n/a
Menora Mivtachim	$7.9B	n/a	n/a
Yuanta Financial Holdings	$7.8B	2.0x	n/a
BOC International China	$7.8B	n/a	n/a
Great Eastern Life	$7.7B	n/a	n/a
Main Street Capital	$7.6B	13.5x	n/a
Galaxy Digital	$7.2B	0.1x	17.3x
Southwest Securities	$7.1B	15.7x	n/a
Polar Capital Technology Trust	$7.1B	n/a	n/a
Equitable Holdings	$7.0B	0.5x	2.7x
Alliance Witan	$7.0B	n/a	n/a
Covivio Hotels	$7.0B	n/a	n/a
Norstar Holdings	$7.0B	n/a	n/a
Motilal Oswal	$6.8B	6.8x	15.3x
Sunshine Insurance Group	$6.7B	0.5x	n/a
360 One Wam	$6.6B	19.8x	42.4x
KBC Ancora	$6.5B	15.5x	n/a
Aedifica	$6.5B	15.6x	18.2x
Icade	$6.1B	14.8x	16.7x
Lazard	$6.0B	2.0x	12.8x
Australian Foundation Investment Company	$5.9B	n/a	n/a
Eurazeo	$5.9B	12.5x	228.3x
Carmila	$5.8B	11.0x	14.2x
Phoenix Financial	$5.7B	1.9x	n/a
Investec	$5.6B	1.9x	n/a
MA Financial	$5.6B	23.0x	77.2x
Hamilton Lane	$5.5B	7.5x	16.4x
Aberdeen Group	$5.4B	3.2x	13.3x
Remgro	$5.4B	1.8x	20.5x
Altarea	$5.3B	1.8x	16.1x
VZ VermögensZentrum	$5.3B	8.1x	15.3x
Azimut Group	$5.3B	3.3x	6.9x
Compagnie du Cambodge	$5.3B	n/a	n/a
Capital Financial	$5.2B	n/a	n/a
Authum Investment & Infrastructure	$5.2B	n/a	n/a
Tikehau Capital	$5.2B	7.6x	14.3x
Greencoat UK Wind	$5.2B	-31.5x	n/a
3i Infrastructure	$5.1B	n/a	n/a
Corporacion Financiera	$5.1B	n/a	n/a
Cofinimmo	$5.1B	12.4x	15.3x
Victory Capital Holdings	$5.0B	3.9x	7.7x
StepStone Group	$5.0B	4.8x	10.8x
Harel Group	$5.0B	1.1x	n/a
Janus Henderson	$4.8B	1.9x	5.9x
Argo Investments	$4.6B	n/a	n/a
RIT Capital Partners	$4.6B	n/a	n/a
E-L Financial	$4.5B	n/a	n/a
Discount Investment Corp	$4.3B	n/a	n/a
Cenergy Holdings	$4.2B	1.8x	11.0x
Burford Capital	$4.2B	9.7x	n/a
Okasan Securities	$4.1B	7.8x	n/a
Israel Corp	$4.1B	n/a	n/a
General De Galerías	$4.0B	n/a	n/a
Argan	$4.0B	16.3x	17.5x
Tata Investment	$4.0B	n/a	n/a
AllianceBernstein	$3.9B	1.1x	3.3x
Inversiones La Construcción	$3.9B	1.2x	n/a
Federated Hermes	$3.8B	2.1x	7.1x
Brederode	$3.6B	n/a	n/a
GQG Partners	$3.6B	4.4x	5.8x
Xior Student Housing	$3.5B	16.8x	21.7x
Mandatum	$3.4B	10.6x	15.5x
Eurocommercial Props	$3.4B	12.7x	16.1x
Prodea Real Estate	$3.4B	n/a	n/a
Man Group	$3.4B	2.7x	8.3x
Ag Anadolu Grubu Holding	$3.3B	0.2x	1.9x
Bridgepoint Group	$3.3B	4.5x	8.9x
Montea	$3.3B	20.3x	21.0x
EdelweissFin	$3.3B	n/a	n/a
Prospect Capital	$3.2B	4.7x	n/a
Virtus Investment Partners	$3.1B	4.0x	11.7x
Storskogen Group	$3.1B	0.9x	7.0x
MidCap Financial	$3.1B	9.5x	n/a
Cohen & Steers	$3.0B	5.5x	n/a
Artisan Partners	$3.0B	2.5x	7.2x
HgCapital	$3.0B	n/a	n/a
Julius Baer	$3.0B	0.6x	n/a
Roko AB	$2.9B	4.2x	18.2x
Peugeot Invest	$2.9B	9.4x	10.7x
Kinnevik	$2.9B	495.4x	-55.7x
SSI Securities	$2.9B	6.6x	n/a
New Mountain Finance	$2.8B	8.4x	n/a
JM Financial	$2.8B	n/a	n/a
Hanwha Investment	$2.7B	n/a	n/a
Oaktree Specialty Lending	$2.7B	8.6x	8.5x
Mercialys	$2.6B	12.7x	15.0x
Pinnacle Investment Mgmt	$2.6B	54.4x	25.2x
Moncey (Fin) Nom	$2.5B	n/a	n/a
Sociedad de Inversiones	$2.5B	n/a	n/a
Patria Investments	$2.5B	6.6x	12.5x
Isras Investments	$2.4B	n/a	n/a
Frey	$2.4B	9.5x	n/a
Sprott	$2.4B	10.9x	21.0x
AFP Cuprum	$2.3B	n/a	n/a
Norte Grande	$2.3B	n/a	n/a
GIMV	$2.3B	n/a	n/a
Tamburi Inv Partners	$2.3B	932.5x	-113.3x
Capital Southwest	$2.3B	10.3x	n/a
Wereldhave	$2.3B	11.2x	14.3x
Carlyle Secured Lending	$2.3B	8.9x	8.7x
Anima Holding	$2.2B	3.7x	5.3x
Retail Estates	$2.1B	12.7x	15.9x
Infortar	$2.1B	n/a	n/a
Lapidoth Capital	$2.1B	n/a	n/a
Vivenio Residencial	$2.0B	n/a	n/a
Perpetual	$2.0B	2.1x	7.2x
Oxford Lane Capital	$1.9B	4.0x	n/a
WisdomTree	$1.9B	4.0x	10.7x
Administradora de Fondos	$1.9B	n/a	n/a
MFF Capital Inv	$1.9B	n/a	n/a
Bure Equity	$1.9B	n/a	n/a
Acadian Asset Management	$1.9B	3.2x	9.7x
Testa Residencial Socimi	$1.9B	n/a	n/a
Old Mutual	$1.9B	0.6x	n/a
PSG Financial Services	$1.9B	n/a	n/a
HBM Healthcare Inv	$1.8B	34.7x	92.3x
Waha Capital	$1.8B	44.3x	n/a
Antin Infrastructure	$1.8B	5.2x	9.7x
Mutares	$1.8B	0.2x	3.6x
Isras Holdings	$1.8B	n/a	n/a
Global Yatirim Holding	$1.7B	n/a	n/a
Ral Yatirim Holding	$1.7B	n/a	n/a
Montepino Logística	$1.7B	n/a	n/a
Deterra Royalties	$1.6B	9.7x	10.4x
Administradora de Fondos	$1.6B	n/a	n/a
Ufuk Yatirim Yonetim	$1.6B	n/a	n/a
L1 Long Short Fund	$1.6B	n/a	n/a
BlackRock TCP Cap	$1.6B	7.6x	n/a
Metrics Master Income	$1.6B	n/a	n/a
St James's Place	$1.5B	1.4x	2.6x
Luxempart	$1.5B	n/a	n/a
Generation Dev Gr	$1.5B	14.2x	45.7x
Borusan Yatirim Pazarlama	$1.5B	n/a	n/a
Oakley Capital	$1.5B	n/a	n/a
P10	$1.5B	4.9x	12.4x
Bradespar	$1.4B	4.6x	4.8x
Crescent Capital BDC	$1.4B	8.5x	n/a
Investcorp Capital	$1.4B	11.7x	11.7x
Cymbria	$1.4B	n/a	n/a
IntegraFin	$1.4B	6.3x	14.6x
Nextensa	$1.3B	11.6x	21.0x
WAM Capital	$1.3B	n/a	n/a
Eagle Point Credit Co	$1.3B	6.4x	n/a
Alarko Holding	$1.3B	n/a	n/a
Shin Young Securities	$1.3B	n/a	n/a
Fidus Investment	$1.3B	8.2x	n/a
İş Yatırım	$1.3B	n/a	n/a
InvestCo Holding	$1.2B	n/a	n/a
WAM Leaders	$1.2B	n/a	n/a
Vastned	$1.2B	14.7x	15.5x
Mogan Enerji Yatirim	$1.2B	n/a	n/a
Guardian Capital	$1.2B	n/a	n/a
Novavest Real Estate	$1.1B	22.1x	25.0x
Chapters Group	$1.1B	5.3x	26.1x
Value Grupo Financiero	$1.1B	n/a	n/a
Molten Ventures	$1.1B	7.8x	11.4x
Care Property Invest	$1.1B	13.2x	15.2x
Eurohold Bulgaria	$1.1B	n/a	n/a
Gladstone Inv	$1.1B	11.2x	n/a
Magellan Financial Group	$1.1B	5.6x	8.5x
Viel	$1.1B	n/a	n/a
Navigo Invest	$1.1B	n/a	n/a
Creades	$1.1B	n/a	n/a
Tortoise Energy Infr	$1.1B	n/a	n/a
Wereldhave	$1.0B	n/a	n/a
Abacus Global Management	$1.0B	4.8x	8.3x
NB Private Equity Partners	$991M	n/a	n/a
Fiera Capital	$985M	2.0x	6.9x
GCM Grosvenor	$974M	1.8x	4.3x
Fidere Patrimonio Socimi	$971M	n/a	n/a
Amanat	$950M	n/a	n/a
PM Capital Global Opps	$936M	n/a	n/a
Renta 4	$934M	n/a	47.6x
Australian United	$930M	n/a	n/a
IP Group	$924M	-103.6x	-33.3x
BKI Investment Co	$914M	n/a	n/a
Patrimoine et	$895M	n/a	n/a
Navigator Global Inv	$892M	4.5x	8.1x
Home Invest Belgium	$882M	21.4x	25.4x
Forestal Constructora	$878M	n/a	n/a
Gladstone Cap	$877M	9.6x	n/a
Lydia Holding	$865M	n/a	n/a
Chrysalis Investments	$847M	n/a	n/a
NSI	$827M	10.5x	14.0x
Flat Capital	$817M	n/a	n/a
Eczacibasi Yatirim	$807M	n/a	n/a
VinaCapital	$806M	n/a	n/a
Treasure ASA	$800M	n/a	n/a
Vitura	$798M	n/a	n/a
Gryphon Capital IT	$797M	n/a	n/a
Atom Hoteles Socimi	$782M	n/a	n/a
Syncona	$781M	8.8x	4.0x
Regal Partners	$761M	3.5x	6.8x
Diversified United	$757M	n/a	n/a
Arendals Fossekompani	$756M	20.1x	40.6x
Immobiliere Dassault	$753M	n/a	n/a
Deutsche Beteiligungs	$746M	8.5x	22.1x
Ascencio	$738M	11.7x	14.2x
Trastor Real Estate	$724M	n/a	n/a
AFP Capital	$723M	n/a	n/a
Horizon Tech Finance	$721M	8.3x	n/a
Plato Income Maximiser	$711M	n/a	n/a
Clairvest Group	$701M	n/a	n/a
Qualitas	$683M	8.3x	17.0x
Lafinca Global Assets	$659M	n/a	n/a
Qualitas Real Estate	$658M	12.3x	14.8x
Bosqar	$648M	n/a	n/a
RTW Biotech Opportunities	$643M	n/a	n/a
Senvest Capital	$641M	n/a	n/a
IDI SCA	$633M	16.5x	530.1x
TINC	$624M	n/a	n/a
Vinci Partners	$620M	3.9x	12.0x
Svolder	$617M	n/a	n/a
AFP Planvital	$616M	n/a	n/a
Spiltan Invest	$614M	n/a	n/a
Carlton Investments	$600M	n/a	n/a
Noor Investment	$600M	n/a	n/a
Djerriwarrh Investments	$555M	n/a	n/a
Ashmore Group	$541M	2.9x	8.0x
Compagnie du Bois Sauvage	$538M	n/a	n/a
Investment AB Oresund	$537M	n/a	n/a
WAM Global	$534M	n/a	n/a
BNY Mellon Strategic	$532M	n/a	n/a
Trade Estates Real Estate	$519M	10.0x	14.1x
eQ	$513M	7.4x	15.0x
Millenium Hospitality	$511M	16.9x	29.6x
Kinea High Yield Cri	$509M	n/a	n/a
WhiteHorse Finance	$502M	6.8x	6.9x
Bleecker	$501M	n/a	n/a
Ban Group Holding	$500M	2.7x	8.7x
MCI Capital	$499M	150.9x	59.8x
Proteccion	$497M	n/a	n/a
Idun Industrier	$490M	2.0x	12.9x
Immobiliare Grande	$486M	3.0x	4.0x
Barings Corporate Invts	$470M	n/a	n/a
Ophir High Conviction	$469M	n/a	n/a
Mirrabooka Investments	$467M	n/a	n/a
Polar Capital Holdings	$462M	1.5x	4.6x
Hearts And Minds Inv	$460M	n/a	n/a
Karnell Group	$457M	2.6x	13.7x
Boston Omaha	$453M	4.0x	21.6x
CapMan	$447M	6.3x	13.6x
Aurelius Equity Opps	$447M	n/a	n/a
International Biotechnology Trust	$446M	n/a	n/a
Whitefield Industrials	$431M	n/a	n/a
Olimpo Real Estate SOCIMI	$417M	n/a	n/a
Future Generation Global	$417M	n/a	n/a
Calamos L/S Equity	$413M	n/a	n/a
Metrics Income Opps Tr	$409M	n/a	n/a
SBI Global Asset Management	$409M	5.5x	n/a
RMR Gr	$408M	0.6x	5.1x
Kuyas Yatrim	$407M	n/a	n/a
Blackrock Muniyield NY	$390M	n/a	n/a
Innventure	$390M	127.1x	n/a
VNV Global	$388M	-4.1x	-3.8x
SCBSM	$382M	n/a	n/a
Destiny Tech100	$379M	n/a	n/a
ABC arbitrage	$378M	5.1x	10.9x
Brockhaus Technologies	$378M	1.4x	6.5x
Traction	$373M	n/a	n/a
Holding Bursatil	$369M	n/a	5.5x
Australian Ethical Inv	$366M	4.6x	16.3x
Fondul Proprietatea	$365M	n/a	n/a
Monroe Cap	$356M	9.1x	n/a
Future Generation	$355M	n/a	n/a
Kinea Hedge Fund Fundo	$349M	n/a	n/a
Literacy Capital	$347M	n/a	n/a
Administradora Americana	$346M	n/a	n/a
Warehouses Estates	$341M	11.5x	15.8x
Pembroke VCT	$335M	n/a	n/a
Verusa Holding	$334M	n/a	n/a
Vitruvio Real Estate	$332M	n/a	n/a
Sygnia Ltd	$331M	n/a	n/a
Longshield Investment	$329M	n/a	n/a
All Iron Re I Socimi	$328M	n/a	n/a
Hsi Malls Fundo	$323M	n/a	n/a
Budapest Ingatlan	$322M	n/a	n/a
Diamond Biofund	$320M	n/a	n/a
Perpetual Equity	$316M	n/a	n/a
Elanor Investors	$316M	n/a	n/a
Great Elm Capital	$310M	6.2x	n/a
SuRo Capital	$310M	199.9x	n/a
Platinum Capital	$310M	n/a	n/a
SHUAA Capital	$310M	n/a	n/a
WCM Global Growth	$309M	n/a	n/a
OFS Capital	$307M	7.3x	n/a
Invalda INVL	$304M	n/a	n/a
Oxford Square Cap	$301M	7.5x	n/a
WAM Microcap	$300M	n/a	n/a
ISC Freshwater Investment	$294M	n/a	n/a
BriQ Properties	$294M	11.9x	14.5x
GIEAG	$292M	n/a	n/a
Cie Lebon	$289M	1.8x	11.4x
Moneda Renta Variable	$288M	n/a	n/a
Argo Global Listed Infr	$285M	n/a	n/a
Gedik Yatırım	$280M	n/a	n/a
Diamond Hill Investment	$278M	n/a	n/a
Kingfish	$266M	n/a	n/a
Inversiones Siemel	$264M	n/a	n/a
VEF	$262M	n/a	n/a
Atland	$262M	n/a	n/a
CVC	$261M	n/a	n/a
DeFi Technologies	$261M	2.4x	5.6x
Vinci Gestora de Recursos	$260M	n/a	n/a
Deutsche Konsum REIT	$260M	n/a	n/a
Adriano Care Socimi	$258M	n/a	n/a
Samara Asset Group	$258M	n/a	n/a
United Capital PLC	$256M	n/a	n/a
Chicago Atlantic BDC	$255M	4.8x	n/a
Pengana Private Equity	$252M	n/a	n/a
Pacific Current Group	$249M	82.5x	15.7x
Catella	$248M	1.2x	6.7x
United Bankers	$243M	3.4x	8.0x
Tander Inversiones Socimi	$242M	n/a	n/a
Alantra Partners	$238M	n/a	n/a
Qrf	$236M	15.6x	21.1x
SBF Bostad	$234M	n/a	n/a
PhenixFIN	$228M	9.5x	n/a
SWK Holdings	$228M	5.1x	n/a
Torimbia Socimi	$228M	n/a	n/a
Taaleri	$225M	3.2x	n/a
Pengana International	$220M	n/a	n/a
AMCIL	$219M	n/a	n/a
ArrowMark Financial	$217M	n/a	n/a
Meridia Real Estate III	$208M	n/a	n/a
City of London Investment Group	$208M	3.0x	6.9x
Dogan Sirketler Grubu	$206M	0.1x	1.2x
Indexa Capital Group	$206M	n/a	n/a
Private Equity Holding	$202M	n/a	n/a
Ble Kedros REIC	$202M	n/a	n/a
Ellington Credit	$201M	4.6x	n/a
Augmentum Fintech	$200M	n/a	n/a
Grupa Kapitalowa IMMOBILE	$195M	n/a	n/a
Staude Cap Glb Value Fd	$193M	n/a	n/a
Bitcoin Group	$188M	n/a	n/a
GOP Properties Socimi	$188M	n/a	n/a
MPC Muenchmeyer Petersen	$181M	3.4x	12.6x
Inversiones Doalca Socimi	$177M	n/a	n/a
WAM Research	$174M	n/a	n/a
Investcorp Credit	$169M	9.4x	n/a
Cadence Capital	$168M	n/a	n/a
Heliad	$162M	278.1x	60.5x
Serrano 61 Desarrollo	$157M	n/a	n/a
Azaria Rental Socimi	$148M	n/a	n/a
Paref	$147M	n/a	n/a
LAIQON	$146M	3.4x	131.5x
IBI Lion Socimi	$145M	n/a	n/a
Gowing Bros	$144M	n/a	n/a
Waton Financial	$142M	n/a	n/a
Sila Holding	$141M	n/a	n/a
Inversa Prime Socimi	$141M	n/a	n/a
OFS Credit Co	$139M	3.0x	n/a
Entrecampos Cuatro Socimi	$139M	n/a	n/a
Mexedia	$138M	n/a	n/a
Quercus TFI	$136M	n/a	n/a
Advance Terrafund	$136M	n/a	n/a
WAM Strategic Value	$135M	n/a	n/a
Netfonds	$134M	0.7x	9.2x
Veracruz Props Socimi	$133M	n/a	n/a
Barramundi	$130M	n/a	n/a
WAM Alternative Assets	$130M	n/a	n/a
Virtus Glb Multi-Sector	$128M	n/a	n/a
Westwood Holdings Gr	$126M	n/a	n/a
Arbona	$126M	n/a	n/a
Companhia de	$124M	n/a	n/a
Hispanotels Inversiones	$123M	n/a	n/a
Marlin Global	$122M	n/a	n/a
Alexandria Group	$121M	2.1x	7.3x
Holding Nov Vek	$120M	n/a	n/a
MPH Health Care	$120M	3.9x	-1.5x
Bailador Tech Inv	$117M	n/a	n/a
Bulgarian Real Estate Fd	$117M	n/a	n/a
Blue Cap	$115M	0.7x	4.6x
Sopharma Properties	$115M	n/a	n/a
Fair Value REIT	$114M	n/a	n/a
Spheria Emerging Co	$112M	n/a	n/a
Sandon Capital Inv	$111M	n/a	n/a
PEARL DIVER CREDIT CO	$110M	n/a	n/a
Bellevue Gr	$109M	n/a	n/a
Wiener Privatbank	$105M	n/a	n/a
Silvercrest Asset Mgmt Gr	$104M	0.8x	4.7x
Tribeca Glb Natural	$104M	n/a	n/a
Advero Properties	$101M	n/a	n/a
Hilbert Group	$97.1M	n/a	n/a
Ryder Capital	$96.3M	n/a	n/a
Mangold	$94.2M	n/a	n/a
Alpine Select	$92.6M	n/a	n/a
AP67 Socimi	$91.5M	n/a	n/a
Arrienda Rental Props	$90.1M	n/a	n/a
Clime Capital	$88.6M	n/a	n/a
Quest for Growth	$87.2M	n/a	n/a
Arvo	$87.1M	4.0x	n/a
Papirfabrikken Invest	$87.0M	n/a	n/a
TMT Investments	$86.8M	n/a	n/a
Lion Selection Group	$86.2M	n/a	n/a
Phoenix Vega Mezz	$85.0M	n/a	n/a
FairPlay Props REIT	$82.3M	n/a	n/a
Trajano Iberia SOCIMI	$81.3M	n/a	n/a
Valartis Group	$80.3M	n/a	n/a
Case Group	$79.2M	7.0x	n/a
Finexia Financial Group	$78.4M	n/a	n/a
Next Re SIIQ	$78.2M	n/a	n/a
RedFish LongTerm Capital	$76.9M	n/a	n/a
360 Capital Gr	$76.7M	n/a	n/a
Value8	$75.4M	n/a	n/a
Milepro Logistica De	$74.9M	n/a	n/a
Thorney Opportunities	$74.1M	n/a	n/a
Monteiro Aranha	$74.0M	n/a	n/a
Home Capital Rentals	$70.1M	n/a	n/a
Nebag	$68.0M	n/a	n/a
Titanium	$67.7M	n/a	n/a
VBARE Iberian Properties	$67.6M	n/a	n/a
Crypto Blockchain	$63.0M	n/a	n/a
CaliberCos	$62.6M	3.6x	n/a
Stockwik Forvaltning	$61.6M	0.6x	6.0x
Ktesios Real Estate	$61.2M	22.9x	75.1x
Binah Capital Group	$61.0M	n/a	n/a
Cube Labs	$60.2M	n/a	n/a
Smart Capital	$57.8M	n/a	n/a
Numulae Gestion De	$56.7M	n/a	n/a
Strategic Investments	$56.6M	n/a	n/a
Skogsfond Baltikum	$54.6M	n/a	n/a
AdCapital	$53.4M	n/a	n/a
Quonia SOCIMI	$52.9M	n/a	n/a
Seafire	$52.2M	0.5x	6.5x
Capsensixx	$51.7M	n/a	n/a
INVL Technology	$50.5M	5.5x	7.9x
Inbest Prime VI Inmuebles	$48.1M	n/a	n/a
Hennessy Advisors	$47.0M	n/a	n/a
Aktiv Props REIT	$46.5M	n/a	n/a
NAXS	$45.8M	n/a	n/a
Coeli Fastighet	$44.9M	n/a	n/a
Rand Capital	$44.8M	n/a	n/a
Acanthe Developpement	$44.7M	n/a	n/a
Springvest	$44.0M	n/a	n/a
Inmobiliaria Park Rose	$43.6M	n/a	n/a
Immo Moury	$43.1M	n/a	n/a
Sever Holding	$42.4M	n/a	n/a
H-Farm	$41.7M	n/a	n/a
Castle Private Equity	$41.4M	n/a	n/a
Greenoak Spain Hldgs	$40.6M	n/a	n/a
Galaxy Cosmos Mezz	$37.4M	n/a	n/a
Nextpoint Capital Socimi	$37.3M	n/a	n/a
Garpco	$35.6M	n/a	n/a
Private Assets	$35.6M	0.2x	6.4x
Eprolius Ingatlan Zartkor	$35.3M	n/a	n/a
Heidelberger	$33.3M	n/a	n/a
Zest	$33.1M	3.1x	-34.9x
IPAS Indexo	$32.1M	n/a	n/a
Enrys Island SpA Societa	$32.1M	n/a	n/a
RCM Beteiligungs	$31.4M	n/a	n/a
Heritage Global	$30.9M	0.6x	3.9x
Prime ASI	$30.7M	n/a	n/a
CENTURION FINANCE	$30.5M	n/a	n/a
Tk Hold	$30.5M	n/a	n/a
WT Financial Group	$30.2M	n/a	n/a
Black Oak Investments	$28.3M	n/a	n/a
Accentis	$27.8M	n/a	n/a
Severcoop Gamza Holding	$25.8M	n/a	n/a
Elaia Investment Spain	$25.5M	n/a	n/a
Sinergon Holding	$25.0M	n/a	n/a
Verianos	$23.9M	n/a	n/a
Palmboomen Cultuur	$21.9M	n/a	n/a
Hermana Holding	$21.7M	54.8x	-24.4x
Innovative-RFK	$21.2M	n/a	n/a
PEH Wertpapier	$20.8M	n/a	n/a
Audacia	$19.6M	1.3x	8.6x
CNI Nordic 5	$19.6M	n/a	n/a
MFG Invest AD	$19.4M	n/a	n/a
North Energy	$18.8M	n/a	n/a
STRT Holding	$18.7M	n/a	n/a
Intercapital Prop Dev	$18.6M	n/a	n/a
Bulgarian Private Equity	$18.3M	n/a	n/a
Consensus Asset Mgmt	$17.5M	n/a	n/a
Navigator Investments	$17.2M	n/a	n/a
Mennica Skarbowa	$17.1M	n/a	n/a
Inbest Prime VII	$17.1M	n/a	n/a
Tarjar Xairo SOCIMI	$17.0M	n/a	n/a
Copernico Sim	$17.0M	n/a	n/a
Consulting Team Holding	$15.3M	n/a	n/a
Vo2 Cap Holding	$14.3M	0.4x	3.6x
Flexdeal Simfe	$14.2M	n/a	n/a
Altech Advanced Mat	$13.7M	n/a	n/a
VF Alternative	$13.5M	n/a	n/a
Fund Estates REIT	$12.6M	n/a	n/a
Saga Pure	$12.1M	n/a	n/a
Futures Capital	$12.1M	n/a	n/a
Det Ostasiatiske Kompagni	$11.4M	n/a	n/a
Unfold.vc ASI	$11.3M	n/a	n/a
Skarbiec Holding	$11.2M	n/a	n/a
Rigsave	$10.6M	n/a	n/a
Yuxing InfoTech	$10.2M	n/a	n/a
Wise Energy	$9.8M	n/a	n/a
Caspar Asset Management	$9.2M	n/a	n/a
Black Pearl	$9.0M	n/a	n/a
Bul Land Inv Re	$8.7M	n/a	n/a
CIABRASF	$8.0M	n/a	n/a
Marna Beteiligungen	$7.9M	n/a	n/a
Alliance Developpement	$7.4M	n/a	n/a
Alta	$7.4M	n/a	n/a
Grempco	$7.1M	n/a	n/a
Webrock Ventures	$6.7M	n/a	n/a
Havsfrun Investment	$6.6M	n/a	n/a
Katalysen Ventures	$6.4M	n/a	n/a
Front Ventures	$6.3M	n/a	n/a
Domo Activos	$5.9M	n/a	n/a
Magna Polonia	$5.8M	n/a	n/a
Electricite Eaux	$5.7M	n/a	n/a
CR Energy	$5.3M	n/a	n/a
First Venture Sweden	$5.3M	n/a	n/a
Effnetplattformen Holding	$5.1M	n/a	n/a
Murphy & Spitz Green	$4.9M	n/a	n/a
Cardeon	$4.4M	6.5x	n/a
Panamax New Energy	$4.2M	n/a	n/a
Webit Investment Network	$4.0M	n/a	n/a
EEII	$3.8M	n/a	n/a
Vastra Hamnen Corporate	$3.7M	n/a	n/a
ANTCO Invt Gr	$3.6M	n/a	n/a
Mit Sim	$3.2M	n/a	n/a
Dividend Sweden	$3.2M	n/a	n/a
I Love Lund	$3.1M	n/a	n/a
Magenta Investments	$2.9M	n/a	n/a
Bestbe	$2.9M	n/a	n/a
Imperio Asi	$2.7M	n/a	n/a
Newcap Holding	$2.5M	n/a	n/a
CrowdFundMe	$2.4M	n/a	n/a
Renewable Ventures Nordic	$2.1M	n/a	n/a
GO Towarzystwo Funduszy	$2.0M	n/a	n/a
NanoCap Group	$2.0M	n/a	n/a
Veltarion	$2.0M	n/a	n/a
MTI Investment	$1.4M	n/a	n/a
FX International	$1.1M	n/a	n/a
ABS Investment ASI	$0.9M	n/a	n/a
Upgrade Invest Nordic	$0.8M	n/a	n/a
Abelco Investment Group	$0.7M	n/a	n/a
Valora Effekten Handel	$0.7M	n/a	n/a
DFO Capital	$0.7M	n/a	n/a
KS Nalozbe	$0.7M	n/a	n/a
Northern CapSek Ventures	$0.5M	n/a	n/a
Sino-German United	-$0.2M	n/a	n/a
Camerit	-$0.4M	n/a	n/a
Noah Holdings	-$0.6M	-0.0x	-0.0x
Carpathia Capital	-$0.8M	n/a	n/a
Hawick Data	-$1.9M	n/a	n/a
Altus	-$8.8M	n/a	n/a
Alpha Investments	-$9.4M	n/a	n/a
Kuwait Investment Company	-$33.7M	n/a	n/a
Transilvania Investments	-$52.2M	n/a	n/a
Evergent Investments	-$109M	n/a	n/a
Demetra Hldgs	-$134M	n/a	n/a
IPOPEMA Securities	-$150M	n/a	n/a
Kyobo Securities	-$435M	n/a	n/a
Infinity Capital Inv	-$523M	n/a	n/a
CoinShares	-$534M	-4.2x	-3.6x
Schroders	-$581M	-0.2x	-0.6x
CICC	-$3.1B	-0.8x	-2.1x
Migdal Group	-$4.5B	n/a	n/a
SDIC Capital	-$9.1B	n/a	n/a
Challenger	-$11.8B	-17.9x	-26.2x
Ninety One	-$15.2B	n/a	n/a
Apollo Asset Management	-$152B	-7.7x	-24.6x