Upgrade your private markets benchmarking

SPI by StepStone provides private markets participants with robust and differentiated fund and deal benchmarks, published quarterly.

  • Deal performance: Pooled, median, and quartile gross deal benchmarks across 15+ dimensions
  • Operating metrics: Revenue, EBITDA, margin, leverage, and multiple percentiles at entry and exit
  • Value creation: Attribution across revenue growth, margin, multiple expansion, and debt paydown
  • Fund performance: Net IRR, TVM, and DPI quartiles, plus PME, Direct Alpha, and horizon returns
134k+
Investments
As of 3/31/2026
102k+
Companies
As of 3/31/2026
7,900+
Funds
As of 3/31/2026
2,400+
General Partners
As of 3/31/2026

*Figures reflect the SPI Deal Benchmark (Private Equity + Infrastructure)

Contribute your data

Contribute data, receive a benchmark pack

Contribute your deal and fund data and receive the SPI benchmarks back as a quarterly pack.

Data contributions are available to General Partners and Service Providers. As an LP, access is available through StepStone.

What you get: a quarterly data pack of pre-built benchmark cuts

Data packs contain pre-built cuts only. Full platform and API access is available through PitchBook.

Q1 2026 SPI Benchmarks Now Available

A look inside SPI Benchmarking

Explore deal and fund performance data across thousands of anonymized transactions.

Product interface shown is illustrative. UI and data are representative mockups, not actual screenshots.