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Big Law

S&P Global Acquires Data Solutions Provider, Private Market Connect, to Boost Private Markets Offering

S&P Global (NYSE: SPGI), provider of credit ratings, benchmarks and analytics, have announced the full acquisition of Private Market Connect (PMC), a data solutions provider in private markets. The acquisition will integrate into the Market Intelligence division and further expand the breadth and depth of its data solutions and offer high-quality data in a timely manner as a single-point service to Limited Partner (LP) and General Partner (GP) customers.

Andrew Eisen, Head of Software Solutions at S&P Global Market Intelligence, said: “As a critical solutions provider to private market customers, we are committed to expanding our efforts to serve this market even better. This is an exciting milestone as our combined technology and expertise will further enable our clients to collect, validate, and share portfolio and fund-level data with their critical stakeholders. We look forward to welcoming our new colleagues from PMC and together enhancing our position in the market.”

PMC integrates S&P Global’s iLEVEL technology with premiere LP data management services to automate and normalize the collection of fund and underlying portfolio company data from GPs. This unique combination provides institutional investors with reliable transparency into the lifecycle of their investments. S&P Global Market Intelligence will leverage its AI technology to further enhance the PMC offering.

Read the source article at PR Newswire

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