The Index is designed to track the performance of private equity firms which are publicly traded on nationally recognized exchanges in the United States. These companies invest in, lend capital to, or provide services to privately held businesses. The Index is comprised of 25 to 40 public companies representing a means of diversified exposure to private equity firms. The securities of the Index are selected and rebalanced quarterly per modified market capitalization weights. Market capitalization may be adjusted to represent a means of diversified exposure to private equity firms, as well as the consolidated exposure of the underlying portfolio investments. Considerations for diversification include the consolidated stage of investment (early, mid, late), type of capital (equity, debt, mezzanine, etc.), and sector (energy, industrials, technology, etc.).

The Index is designed to track the performance of the largest and most liquid publicly traded private equity firms principally invested in the United States and publicly traded private equity portfolios with principal investments in the United States. The publicly traded stocks within the Index are traded on any nationally recognized exchange worldwide. Publicly traded private equity firms invest in, lend capital to, or provide services to privately held businesses. Publicly traded portfolios of private equity investments are typically fund-of-funds created by and managed by single managers. The Index is comprised of 30 to 50 public companies representing a means of diversified exposure to private equity firms. The securities of the Index are selected and rebalanced quarterly per modified market capitalization weights. Market capitalization may be adjusted to represent a means of diversified exposure to private equity firms, as well as the consolidated exposure of the underlying portfolio investments. Considerations for diversification include the consolidated stage of investment (early, mid, late), type of capital (equity, debt, mezzanine, etc.), and sector (energy, industrials, technology, etc.).