MSCI has acquired PM Insights, a specialist private markets data and analytics firm that provides daily secondary market reference data, including on pricing, valuation, transaction and liquidity, for private company securities.
The acquisition of PM Insights will further advance MSCI’s strategy to bring institutional-grade data, pricing transparency and analytics to private asset investing, according to the firm.
PM Insights’ data and analytics support portfolio management, performance measurement, and index creation, helping market participants understand, monitor, and value private equity investments.
PM Insights aggregates proprietary data from a broad network of institutional broker-dealers and bank secondary desks, capturing secondary market activity and equity data for private companies representing an estimated market cap of over $5.5trn as of April 2026.
“High-quality data, indexes and analytics are essential tools for investors navigating any asset class,” said Luke Flemmer, head of private assets at MSCI. “Through the acquisition of PM Insights, we are bringing objective secondary market pricing, liquidity and reference data to our clients to support more robust portfolio construction and the development of indexes and analytics solutions. This move is another step in MSCI’s strategy to advance transparency and precision in this fast-growing asset class.”
“Private markets investors are demanding greater transparency and consistency,” said Nick Fusco, CEO of PM Insights. “By joining MSCI, we have an opportunity to shape a more transparent ecosystem built on robust, market-driven data and better support investors navigating this asset class.”
The terms of the transaction were not disclosed, and the financial impact of the transaction is not expected to be material to MSCI. PM Insights’ financial results will be presented as part of MSCI’s Index reportable segment.