MSCI has launched a new set of daily private markets indexes to enhance transparency in the rapidly developing set of alternative asset classes.

The MSCI Nowcasting ( Daily NAV ) Indexes extend the firm’s private capital benchmarks into a high-frequency, research-driven signal for private markets.

Private markets have traditionally reported on a quarterly cadence, creating material visibility gaps for investors between reporting cycles, MSCI notes. The new offerings address the need for timely benchmark-grade signals that reflect market movements to support portfolio decisions.   

The new MSCI All Country Private Credit Index is built to help chief investment officers, risk teams and consultants identify credit-cycle inflection points, monitor private credit exposures daily, and support governance and committee reporting. Complementing this, the MSCI All Country Private Equity Indexes provide a daily signal for private equity exposures.

Together, the indexes enable daily inclusion of private assets in multi-asset risk models, support more timely monitoring and attribution between reporting cycles, and inform allocation and portfolio construction decisions, MSCI says.

Nowcasting blends three sources of information to generate daily NAV estimates: MSCI’s private market benchmark architecture and fund cash-flow histories; a reweighted public-market proxy calibrated to the country and sector exposures of the underlying private benchmark; and newly reported fund NAVs from GPs.

According to MSCI, this approach is supported by robust statistical modelling, LP-sourced data that helps reduce selection bias, and strong index governance to ensure transparency and long-term scalability,.

“Investors have long faced a trade-off between the credibility of benchmark-grade private market measures, and the timeliness modern portfolio and decision making requires,” says Luke Flemmer, head of private assets at MSCI. “The MSCI Nowcasting Indexes remove that trade-off. By closing the visibility gap, they provide daily signals enabling more timely, confident allocation and risk decisions across private markets.”