Allocator secures Morningstar investment

Allocator, an investment data and technology company, has secured a significant amount of growth capital from the leading provider of independent investment research, Morningstar, in exchange for a minority stake in the company.

As part of the transaction, Brett Kaluza, Vice President of Customer Success at PitchBook has been appointed to Allocator’s Board of Directors. PitchBook is a wholly owned subsidiary of Morningstar and premier data provider for the private and public equity markets.

 
Allocator was founded by former investors in alternative funds, who recognised the need for comprehensive fund data as well as data management tools to improve the process of reporting, fund selection and portfolio management. Allocator makes use of Robotic Process Automation, with oversight of its CFA qualified data team, to quickly and accurately process incoming data from fund managers and third-party data feeds.
 
Leveraging the Allocator platform, Limited Partners (LPs) investing in private funds gain access to standardised data on the funds’ investments as well as analytical tools, saving time and resources while evaluating positions. For fund managers, Allocator’s rigorous security and privacy controls provide an effective and secure way to service their clients.
 
Ryan Kalish, Founder and Chief Executive Officer at Allocator, says: "I am thrilled to have such a great strategic investor on board to support Allocator in the next chapter of our growth. Morningstar is an entrepreneurial company with a similar mission to our own. I am confident that Allocator’s growing client base will benefit from this additional source of insight and expertise as we continue to expand on our ambitious vision to be the leading intelligence platform for institutional investors in funds.”
 
Brett Kaluza, Vice President of Customer Success at PitchBook, says: "Allocator provides essential data and tools limited partners and other private capital market investors need to make informed allocation and investment decisions. Their platform capabilities perfectly align with PitchBook’s mission of delivering insights into the evolving capital markets. Our investment in Allocator will help them further advance our shared vision of providing differentiated data and insights while streamlining workflows and catalysing confident investment decisions.”