Global index provider MSCI has acquired PM Insights, a private markets data and analytics firm.
PM Insights provides daily secondary market reference data on pricing, valuation, transactions and liquidity for private company securities, aggregating proprietary information from institutional broker-dealers and bank secondary desks.
MSCI said the acquisition will enhance its private markets data and analytics offering as companies remain private for longer. PM Insights’ dataset supports portfolio management, performance measurement and index creation, and is expected to improve pricing transparency in private equity.
Financial terms were not disclosed, and the “deal is not expected to be material to MSCI”. PM Insights’ results will be reported within MSCI’s index segment.
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“High-quality data, indices and analytics are essential tools for investors navigating any asset class,” said Luke Flemmer, head of private assets at MSCI. “Through the acquisition of PM Insights, we are bringing objective secondary market pricing, liquidity and reference data to our clients to support more robust portfolio construction and the development of indices and analytics solutions. This move is another step in MSCI’s strategy to advance transparency and precision in this fast-growing asset class.”
“Private markets investors are demanding greater transparency and consistency,” said Nick Fusco, CEO of PM Insights. “By joining MSCI, we have an opportunity to shape a more transparent ecosystem built on robust, market-driven data and better support investors navigating this asset class.”
