Bloomberg to buy Canoe Intelligence to expand private markets

Bloomberg has agreed to acquire Canoe Intelligence, a company that uses artificial intelligence to automate collection and structuring of private markets data. The companies did not disclose financial terms of the deal.

Bloomberg said the purchase will extend its private markets offerings and integrate Canoe’s automation into its data and analytics services. Bloomberg currently provides data on more than three million private companies, 50,000 private funds and 16,000 private direct loans, and the firms launched a certified integration earlier this year.

Canoe processes over 1.5 million documents per month across more than 44,000 funds and delivers structured, portfolio-ready data to more than 500 institutional clients. Its customer base includes large institutional investors, fund servicers, wealth managers and family offices, and the platform is used for post-investment reporting at scale. Canoe’s network represents more than $11 trillion in assets under service.

Investors in Canoe include Goldman Sachs, which led a $36 million Series C in 2024. Other backers are Blackstone Innovations Investments, Carlyle AlpInvest, Eight Roads, F-Prime, Hamilton Lane and Nasdaq Ventures. Bloomberg did not disclose the purchase price or other transaction details.

Vlad Kliatchko, Bloomberg’s chief executive, described the acquisition as positioning the company to meet investor demand for structured, timely insights across private assets and to connect data, analytics and tools across public and private markets.

The transaction follows industry activity as institutional investors seek more standardized and timely information for valuation, reporting and portfolio management, prompting data providers to invest in private markets infrastructure.