eVestment the provider of institutional data and analytics has moved to offer its users access to performance data on more than 6,700 private market funds by entering a strategic partnership with PitchBook - the independent subsidiary of Morningstar.
The deal makes available PitchBook's private market fund performance data in the eVestment Private Markets platform. This also covers some 3,100 firms in the eVestment Profiles module. Users can also used PitchBook Benchmarks, a performance measurement product to support research and quantitative asessment of private markets fund performance.
Users include general partners, limited partners and advisers.
Katey Bogue, head of eVestment Private Markets, said: "By offering clients access to a leading source of market data within our sophisticated analytics and research platform, we're ensuring clients have the tools and data they need to make better decisions and further streamline processes."
Seth Sprinkle, director of Direct Data at PitchBook, said: "The ability for eVestment users to access both PitchBook's fund performance data as well as PitchBook Benchmarks offers unprecedented transparency into VC and PE asset class returns. Together with eVestment, we're helping the institutional investment community accurately measure performance and refine allocation decisions."