Overview

• The transaction is slated to close in the fourth quarter of 2025, with an agreement that University of Chicago researchers will retain access to CRSP data.
• University leaders say proceeds will provide long-term support for research and education during budget retrenchment that includes $100 million in cuts, roughly 400 layoffs, and reduced admissions in some graduate programs.
• CRSP’s indexes anchor about $3 trillion in fund assets and the business generates approximately $55 million in annual revenue.
• Created in the 1960s and reorganized as a university-owned LLC in 2020, CRSP developed from a foundational market database into a commercial indexing provider.
• Morningstar describes the acquisition as strengthening its data validation and indexing capabilities; the official price is $375 million, though an earlier report cited $355 million.