Bloomberg is in the process of acquiring Canoe Intelligence, a AI powered setup that seems to help investors gather and keep track of private markets data. With this deal, Bloomberg gets a firmer footing in a space where investment information is still sort of splintered across funds, various documents, and reporting systems.
Canoe processes more than 1.5 million documents every month across over 44,000 funds. Its platform serves more than 500 institutional clients representing over $11 trillion in assets under service.
For Bloomberg, the bigger opportunity is connecting this private markets data with the public markets information already available through its platform. That could give investors a more complete view of portfolios, from fund screening and benchmarking before an investment to exposure, risk and performance analysis after it.
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Bloomberg also plans to bring Canoe’s capabilities into ASKB, its agentic AI interface. The move reflects where investment technology is heading, with firms pushing to break down the data silos between public and private markets and make analysis faster and easier.


