The Prime Unicorn Index added nine constituents and dropped seven in its quarterly reconstitution, for a total of 102 index components as of Q3 2018. For 2018 (Q1& Q2) the return has increased 18.38%. Currently, we are tracking 102 U.S.-based private companies in the Index, with a median market cap of $991 million. The Index’s total market value has increased to $270 billion. Key upside drivers affecting Index performance include successful IPOs (Dropbox, Pivotal Software, Avalara, Docusign, Zuora, and Carbon Black) and primary funding rounds (including Bird Rides, Automation Anywhere, ezCater, Lyft, JUUL, and more).
As more high-performing companies defer or eliminate plans to go public, the demand for information and investment exposure to this growing portion of the American economy has soared. The Q3 Prime Unicorn Reconstitution Report provides more information on the new nine constituents and how they compare against the Index.