Morningstar PitchBook Global Unicorn

What it tracks

The Morningstar PitchBook Global Unicorn Index tracks privately held, late-stage venture capital-backed global companies with post-money valuations of at least $1 billion. Index constituents are derived from PitchBook’s database of venture capital-backed companies, and the index methodology employs a proprietary three-factor pricing model to estimate daily valuations. The indexes deliver timely insights and unprecedented transparency into the performance and behavior of global unicorns.

The broad index of the whole unicorn universe rather than its largest names, so it moves with the market as a whole instead of a handful of companies.

Run by Morningstar Indexes, built with PitchBook. PrePost has no relationship with the provider and is not paid to list this index.

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How the index is built

What is in it

Named constituents as of August 31, 2026.

Membership as the index provider published it on this date. PrePost shows which companies are in the index, not their weights.

Verified means a full PrePost profile with sourced figures. Listed means the company is named here because a benchmark we track names it; PrePost has published no figure for it and does not rank it. Public means it has left the private market and can be bought through any broker.

This company now trades on a public exchange. The index provider still lists it here, and its own indexes disagree about which side of the line it falls on. PrePost has taken it from SEC filings: funds on this site report it with a CUSIP, an ISIN and a quoted market price, none of which a private holding has.

The index provider lists this constituent only as “Figure”, with no identifier of any kind. PrePost has identified it as Figure AI on four grounds: the index selects the largest and most liquid unicorns; no separate Figure AI entry appears in any index we track; the other well-known company of that name, Figure Technologies, is an order of magnitude too small to qualify; and the two SEC-filing funds on this site that hold it, which must name portfolio companies precisely, both report it as “Figure AI, Inc.”. The provider has not confirmed this, and we have asked.

Vehicles that track it

None that PrePost tracks. That does not mean none exists: a product can track an index without PrePost having verified it, and PrePost lists a vehicle only once it can source what the vehicle is and what it holds.

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Sources

• Morningstar Indexes — index detail page (read September 19, 2026)
• Morningstar Indexes — index holdings, membership only (read September 19, 2026)

An index is not an investment, and a product that tracks one may not hold what it holds. This page describes the index, not any product. Not investment advice.