Bloomberg to Buy Private Markets Data Platform Canoe Intelligence

Bloomberg LP has agreed to acquire Canoe Intelligence, a platform specializing in the automation of private markets data collection. This acquisition targets institutional investors, wealth managers, and family offices to improve transparency and investor access. By integrating this technology, Bloomberg LP intends to strengthen its position and dominate the private markets data sector. The move ensures more efficient data processing and enhanced reporting capabilities for professional investors operating within complex private market environments.