CHICAGO, February 11, 2026--Lincoln International, a global investment banking advisory firm, announced today that the Lincoln Private Market Index (LPMI), the only index that tracks changes in the enterprise value of U.S. privately held companies, increased by 1.9% during the fourth quarter of 2025 driven by EBITDA growth as enterprise value multiples remained relatively flat. In comparison, the S&P 500 enterprise value growth was 2.3% over that time, largely driven by the Magnificent 7 as dema