Stake Purchase • Information Services

S&P Global Invests In Private Market Connect

On August 29, 2022, S&P Global invested in information services company Private Market Connect from Ipreo Holdings and Hamilton Lane

Investment Context
  • This is S&P Global’s 6th transaction in the Information Services sector.
  • This is S&P Global’s 11th transaction in the United States.
  • This is S&P Global’s 1st transaction in Pennsylvania.

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Investment Summary

Date August 29, 2022
Target Private Market Connect
Sector Information Services
Investor(s) S&P Global
Sellers(s) Ipreo Holdings
Hamilton Lane
Deal Type Stake Purchase

Target Company

Private Market Connect

Bala Cynwyd, Pennsylvania, United States
Private Market Connect is a data solutions provider in private markets databases in the industry, currently tracking over 15,000 unique funds and $1.2 trillion in private markets commitments managed by more than 2,500 GPs. Private Market Connect is based in Bala Cynwyd, Pennsylvania.
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Investor Overview 1

Investor

S&P Global

New York, New York, United States

Category Company
Founded 1860
Sector Information Services
Employees40,450
Revenue 14.2B USD (2024)
DESCRIPTION

S&P Global is a financial intelligence company providing the global capital and commodity markets with independent benchmarks, credit ratings, portfolio and enterprise risk solutions, and analytics. The company's brands include Standard & Poor's Ratings Services, S&P Capital IQ, S&P Dow Jones Indices, Platts, CRISIL, J.D. Power and McGraw Hill Construction. S&P Global was founded in 1860 and is based in New York City.


Deal Context for Investor #
Overall 14 of 22
Sector: Information Services 6 of 7
Type: Stake Purchase 1 of 1
State: Pennsylvania 1 of 1
Country: United States 11 of 16
Year: 2022 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-27 CUSIP Global Services

New York, New York, United States

CUSIP Global Services (CGS) is dedicated to driving efficient trading, clearing, and settlement in capital markets throughout the world by providing a unique common language for identifying financial instruments across institutions, exchanges, and nations. CGS'​ commercial databases contain issuer and issue identifiers, standardized descriptions, and related data for over 30 million unique financial instruments. CUSIP Global Services was formed in 1968 and is based in New York, New York.

Sell $1.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-09 TruSight Solutions

New York, New York, United States

TruSight Solutions is a provider of third-party vendor risk assessments for the collective benefit of all financial institutions, their suppliers, partners and other third parties. TruSight Solutions is based in New York City.

Buy -

Seller Profiles 2

SELLER

Ipreo Holdings

New York, New York, United States

Category Company
Founded 1985
Sector Information Technology
Employees600
DESCRIPTION

Ipreo Holdings LLC is a global provider of high quality data, market intelligence, and productivity solutions to investment banking and corporate clients. Ipreo was founded in 1985 and is based in New York, New York.


Deal Context for Seller #
Overall 3 of 3
Sector: Information Services 3 of 3
Type: Stake Purchase 1 of 1
State: Pennsylvania 1 of 1
Country: United States 3 of 3
Year: 2022 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-08 Private Market Connect

Bala Cynwyd, Pennsylvania, United States

Private Market Connect is a data solutions provider in private markets databases in the industry, currently tracking over 15,000 unique funds and $1.2 trillion in private markets commitments managed by more than 2,500 GPs. Private Market Connect is based in Bala Cynwyd, Pennsylvania.

Buy -
SELLER

Hamilton Lane

Conshohocken, Pennsylvania, United States

Category Company
Founded 1991
Sector Business Services
Employees700
Revenue 554M USD (2024)
DESCRIPTION

Hamilton Lane is a private markets investment management firm providing solutions to sophisticated investors worldwide. Dedicated exclusively to private markets investing, the firm currently employs professionals operating in offices throughout North America, Europe, Asia Pacific, and the Middle East. It specializes in building flexible investment programs that provide clients access to the full spectrum of private market strategies, sectors, and geographies. Hamilton Lane was founded in 1991 and is based in Conshohocken, Pennsylvania.


Deal Context for Seller #
Overall 1 of 1
Sector: Information Services 1 of 1
Type: Stake Purchase 1 of 1
State: Pennsylvania 1 of 1
Country: United States 1 of 1
Year: 2022 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-28 361 Capital

Denver, Colorado, United States

361 Capital manages and distributes retail liquid alternative products, including mutual funds, separately managed accounts, and hedge fund vehicles. The Company offers innovative investment strategies with superior risk-adjusted returns and investment performance that is uncorrelated with traditional asset management products. 361 Capital was formed in 2001 and is based in Denver, Colorado.

Buy -