Financial information services company Markit has launched a service to independently value the assets held by a private equity fund, ahead of a new directive that requires alternative asset managers to value their funds’ assets independently.

The London-based firm, which is backed by investors including General Atlantic and Singapore state fund Temasek, has launched Markit Portfolio Valuations - Private Equity, which will provide independent net asset valuations of equity investments in buyout and growth-stage businesses, according to a company statement.