Bloomberg acquires Blackstone and Carlyle-backed Canoe

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.