PACS™A classification standard for private assets
Clarity through classification
PACS™ standardizes classification for private companies and real assets—leveraging MSCI trusted frameworks including GICS® and GRACS™
Trend analysis
Track how sector and industry trends may impact private market exposures and investment decisions.
Benchmarking & peer analysis
Compare sector exposures across portfolios and strategies to support evaluation and positioning.
Performance & risk attribution
Assess how sector and asset exposures impact returns, risk, and sustainability & climate outcomes.
Strategic Allocation
Inform sector-based portfolio construction across private market strategies.
Frequently asked questions
Consistency in real assets with GRACS™Why classification matters
GRACS™ provides a consistent framework for real asset sectors, removing ambiguity across reporting and benchmarking to help investors manage diverse portfolios with greater efficiency.
GRACS™ is part of the foundation of our Private Asset services, ensuring comparability across markets and portfolios.
See how classification can bring clarity to private markets.
Private Asset Solutions
MSCI is bringing together research-quality data, industry-leading analytics and purpose-built infrastructure designed to help you measure, manage and invest with confidence.
1 The Global Industry Classification Standard (GICS ®) was developed by and is the exclusive property of MSCI and S&P Dow Jones Indices. “Global Industry Classification Standard (GICS ®)” is a service mark of MSCI and S&P Dow Jones Indices.