Hamilton Lane and Standard & Poor's, in a joint venture, will create private equity indexes comprising subasset classes by vintage year, said Erik Hirsch, Hamilton Lane CIO. The firms plan to launch the indexes in the first quarter 2006. The firms are building a database of information from general partners, he said.
"For us and S&P, there's a belief that as the asset class matures, we need better metrics and better measuring tools to assess absolute performance," Mr. Hirsch said.
