PitchBook, a data provider for the private and public equity markets, has entered into an agreement with Liquidnet’s RSRCHXchange a marketplace and aggregator of institutional research, to offer PitchBook clients access to RSRCHXchange’s extensive marketplace of institutional broker research in 2020.
RSRCHXchange’s virtual library will be accessible through PitchBook’s Research Center, which includes PitchBook’s best-in-class research on private asset classes and emerging technology sectors as well as Morningstar equity research. Together, PitchBook and RSRCHXchange will create one of the most comprehensive online research marketplaces covering both the private and public financial markets. Additionally, this integration enables RSRCHXchange providers to easily extend their reach to a large and growing private market client base leveraging their existing research feed, access controls and intellectual property protection.
“At RSRCHXchange, it’s our mission to be at the forefront of financial technology innovation and provide access to the most relevant research to our asset management clients. As the financial markets evolve, we recognise the benefit to our research providers of extending their reach to private equity, venture capital and others in the private market audience,” says Vicky Sanders (pictured), co-founder of RSRCHXchange. “PitchBook is a best-in-breed resource for the private market data and research, making them an ideal integration partner.”
According to a recent report from PitchBook, The Private Markets: A Decade of Growth, investors are increasingly evaluating investment opportunities across public and private capital markets more holistically. PitchBook’s Research Center will soon be Powered by RSRCHXchange, offering PitchBook clients access to third party research from bulge bracket banks, brokers and independent research providers, along with leading private market research. Users can purchase subscriptions and individual reports from new research providers they discover in the RSRCHXchange marketplace, as well as access research from providers with whom users have pre-existing relationships. The integration extends key RSRCHXchange functionality to easily search, discover and read reports efficiently.
Acquired by Liquidnet earlier this year, RSRCHXchange currently works with more than 400 leading banks, brokers and independent providers covering all asset classes in major financial markets around the globe. Research providers can broaden their distribution of research services across new and existing customer segments, in compliance with MiFID II. The integration with PitchBook underlines Liquidnet’s mission of using technology to connect the world’s investors with the world’s investments.
“It’s never been more important for institutional investors to have a holistic understanding of private and public financial markets and the underlying factors indicative of emerging trends. As we work towards building the premier platform of cross-market data and research, access to third-party broker research is paramount,” says John Gabbert, founder and CEO of PitchBook. “RSRCHXchange was one of the first to emerge in the unbundled research market to help investors consume relevant research in the newly evolved space. Its innovative cloud-based research library and marketplace arms our clients with the insights they need to make more informed decisions and readily spot competitive advantages.”