Private Equity and Credit Data Providers Gain Traction on Wall Street

Investors are demanding data on private equity and private credit, driving Wall Street behemoths to acquire private-asset data providers. S&P Global recently bought With Intelligence for $1.8 billion, following BlackRock's purchase of Preqin for $3.2 billion in March. MSCI acquired Burgiss for $900 million in 2023, and Morningstar bought PitchBook for $200 million in 2016.