Morningstar and PitchBook Launch Evergreen Private Market Funds Indexes

Morningstar and PitchBook are launching the Morningstar PitchBook U.S. Evergreen Fund Indexes to measure the performance of nontraded semiliquid funds, including interval funds, tender offer funds, and non-traded REITs. The goal is to provide investors with a view of how these funds perform compared to public markets. The indexes will cover asset classes such as private equity, private debt, real estate, infrastructure, and multi-asset strategies.