Bloomberg has agreed to acquire Canoe Intelligence, an AI-powered private markets data platform, to create a more comprehensive investment platform spanning public and private markets.

Canoe processes over 1.5 million documents per month for more than 44,000 funds, delivering portfolio-ready insights to over 500 institutional clients managing more than $11 trillion in assets under service.

The integration will streamline workflows from fund selection and comparative analysis to post-investment monitoring, cash management, and exposure assessment by turning scattered documents and capital account statements into structured datasets within Bloomberg’s tools.

The article is written by Elaine Misonzhnik, Senior Editor, Investments at Wealth Management.

The article is categorized under Corporate Moves and dated July 29, 2026.

Canoe previously received CIO’s Asset Management & Servicing Innovation Award in the Data and Technology category in 2024.

The article notes the deal is AI-assisted and editor-reviewed; no details on closing timeline or transaction structure were provided.

Canoe acts as a bridge between general partners and limited partners, streamlining post-investment reporting with speed, scale, and consistency expected by sophisticated investors.

Canoe’s AI extracts and standardizes information from capital accounts, performance reports, notices, and spreadsheets to reduce manual post-investment data work, serving as a data bridge between general partners and limited partners.

Canoe was backed by leading investors including Blackstone Innovations Investments, Carlyle AlpInvest, Eight Roads, F-Prime, Goldman Sachs Alternatives, Hamilton Lane, and Nasdaq Ventures; Jefferies acted as exclusive financial advisor with Cooley LLP as legal counsel.

The client roster reflects broad institutional support for private market tech modernization, highlighting partnerships across major asset managers and funds.

In 2025, Canoe partnered with Envestnet to automate wealth manager data delivery to Tamarac, expanded private market intelligence partnerships, and launched Canoe Labs for AI-powered alts workflows.