Overview
- Bloomberg entered a definitive agreement to acquire Canoe Intelligence on July 29, 2026, formalizing a partnership that began with a certified integration into Bloomberg PORT Enterprise in April.
- Canoe processes about 1.5 million documents per month across more than 44,000 private funds and serves over 500 institutional clients that together represent more than $11 trillion in assets.
- Bloomberg says it will combine Canoe’s automation with its PORT portfolio infrastructure, ASKB conversational AI and standardized identifiers such as FIGI to normalize private-fund data and link it to public securities.
- Jefferies acted as Canoe’s financial advisor and Cooley served as legal counsel, and the transaction is subject to customary closing steps with no financial terms disclosed.
- The move aims to give investors faster, standardized views across private and public holdings, which could pressure rival data providers and change how pensions, endowments and asset managers track private-asset performance.