Morningstar to Buy Private Equity, M&A Data Vendor PitchBook

Morningstar will add its own research capabilities to PitchBook's data and tools, enabling it to target a new audience among private equity investors.


PitchBook enables users to research potential investment opportunities in the private equity markets, providing information on deals, limited partners, investment funds and any service providers involved in deals. The acquisition will enable Morningstar to expand its data and services to new clients among private and institutional investors.

PitchBook was founded in 2007, and Morningstar invested $1.2 million in Series A funding in 2009, then $10 million in Series B funding in January this year

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