Bloomberg acquires Blackstone and Carlyle-backed Canoe
The combination aims to deliver a unified view across public and private assets by integrating Canoe's AI-driven data management with Bloomberg's portfolio infrastructure.
Takeaways
- Canoe Intelligence is a AI-powered data management and intelligence platform for private markets data automation.
- Blackstone and Carlyle is exiting Canoe Intelligence through a sale to Bloomberg.
- The business serves institutional investors and private markets.
Bloomberg has agreed to acquire Canoe Intelligence, an AI-powered data management platform that automates private markets data collection and delivery for over 500 institutional clients.
The platform processes more than 1.5 million documents monthly across 44,000 funds representing $11 trillion in assets under service.
Earlier this year, Bloomberg and Canoe launched a certified integration that connected permissioned private fund data to Bloomberg PORT Enterprise for cross-asset portfolio analysis.
The acquisition will enable Bloomberg to embed Canoe's technology deeper into its public and private markets offerings, with an eye toward providing AI-driven insights across the full investment lifecycle.
Bloomberg already delivers data on over three million private companies, 50,000 private funds, and 16,000 private direct loans.
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