Key Takeaways
- • PitchBook added more than 20,000 private credit transactions in the last six months, giving it what it describes as the most comprehensive private credit deal database in the market, with users able to search more than 65,000 private credit deals.
- • The bi-annual data coverage snapshot reports 23,374 private credit deals, 290,831 deals, 1,611,291 companies, 197,475 fund returns and 147,000 funds across its platform.
- • PitchBook cites a team of over 1,800 global researchers and more than 100 proprietary processes, accelerated by AI, as the basis for its data quality claims.
- • Peter Escher, Chief Data Operations Officer, says the accuracy and timeliness of the data give clients an edge in uncertain markets.
Summary
In the period, PitchBook reports expansion across a range of data points: 7,084 limited partners, 34,707 fund commitments, 47,984 investors, 18,008 funds, 197,475 fund returns, 1,611,291 companies, 290,831 deals, 23,374 private credit deals, 29,033 valuations, 2,210,314 financials and 11,244 service providers. Across the platform, the company says it covers nearly 6 million companies, 2.7 million investments, 570,000 investors, 56,000 limited partners, 147,000 funds and 4.4 million people, spanning venture capital, private equity, leveraged loans, private credit, real estate, real assets, infrastructure, funds of funds, secondaries, co-investment and CLOs.
Peter Escher, Chief Data Operations Officer at PitchBook, said data has the power to transform decision-making, especially in periods of market uncertainty, and that the company's focus on refining and expanding its data operations is intended to keep data current with market trends. PitchBook describes a collection process that begins with triggers such as news articles, client requests, regulatory filings and more than one million web crawlers, followed by secondary review using over 100 proprietary processes, and final verification by a primary research team that contacts industry professionals directly. The company says its Data Operations team has logged more than 10 million hours of research over the last five years.
PitchBook is owned by Morningstar, which acquired it in 2016, and now operates as an independent subsidiary. The company states it was founded in 2007, has more than 3,000 team members, and serves over 100,000 professionals. The figures and quality claims in this announcement are the company's own and have not been independently verified.
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