Modern Market 100

Morningstar and PitchBook have launched the Morningstar PitchBook US Modern Market 100 Index, blending public and private market performance. The index comprises 90 publicly listed companies and 10 late-stage, venture-backed firms, reflecting the evolving capital markets where companies stay private longer. Utilizing transparent pricing from public exchanges and secondary private market transactions, the index offers investors a unified benchmark to assess both public and private market leaders. It aims to enhance diversification and unlock growth potential by incorporating innovative private companies like SpaceX and OpenAI.