S&P Global has acquired private markets data, insights and analytics firm With Intelligence in a US$1.8 billion deal.
The company announced in October that it would be acquiring With Intelligence from a group led by majority investor Motive Partners.
With Intelligence is expected to generate approximately US$130 million in revenue for 2025. It provides proprietary fund data, limited and general partner relationship intelligence, benchmarking and performance data, which S&P Global believes will enhance its existing private markets intelligence.
The acquisition comes amid growing interest in alternative assets, which S&P Global predicts will be valued at close to US$40 trillion by 2030.
Martina Cheung, president and CEO of S&P Global, commented, “The completion of this acquisition represents a significant step forward in our strategy to provide essential intelligence for our customers as they navigate complexity in the rapidly expanding private markets landscape.”
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