MSCI Buys PM Insights for Private Markets Data

MSCI has strategically acquired PM Insights, a specialized firm focused on private markets data and analytics. This move significantly enhances MSCI's capacity to deliver institutional-grade information, pricing clarity, and analytical tools for the increasingly vital private asset sector. The integration aims to address the growing demand for greater transparency and consistency among investors navigating this complex and expanding asset class.

The acquisition directly supports MSCI's ongoing strategy to provide robust data solutions for private markets. PM Insights brings to the table daily reference data for the secondary market, encompassing pricing, valuation metrics, transaction activity, and liquidity insights for privately held company securities. This capability is crucial as private companies are staying private for extended durations, amplifying their economic significance and the need for sophisticated tracking.

With private companies now representing a substantial portion of the investment universe, the data provided by PM Insights becomes indispensable. The firm aggregates information from a wide network of institutional broker-dealers and bank secondary desks. This data covers private companies with an estimated collective equity market value surpassing $5.5 trillion as of April 2026, offering a broad and deep view of the private market.

By incorporating PM Insights' data into its existing platform, MSCI is set to bolster its offerings in portfolio management, performance assessment, and index construction within private markets. The objective is to empower investors with enhanced tools to comprehend, oversee, and value their private equity holdings, ultimately driving more informed investment decisions through more reliable and transparent data streams. This aligns with the broader industry trend of seeking greater data fidelity in alternative investments.

The financial specifics of the transaction were not publicly disclosed. MSCI anticipates that the acquisition will not materially affect its financial performance, with PM Insights' operational results to be integrated into MSCI’s Index segment. This integration is expected to streamline operations and leverage existing infrastructure for maximum impact.

Luke Flemmer, Head of Private Assets at MSCI, emphasized the critical role of high-quality data in navigating any asset class. He stated, “By acquiring PM Insights, we are providing our clients with objective secondary market pricing, liquidity, and reference data. This will support more sophisticated portfolio construction and the development of advanced indexes and analytics solutions, further advancing transparency and precision in this rapidly growing asset class.”

Echoing this sentiment, Nick Fusco, CEO of PM Insights, highlighted the investor demand for enhanced transparency. “Joining MSCI presents a significant opportunity to collaboratively build a more transparent ecosystem. This will be underpinned by robust, market-driven data, enabling us to better serve investors navigating the complexities of private markets,” Fusco commented. The collaboration is poised to create a more unified and data-rich environment for private market participants.