Bloomberg LP is acquiring Canoe Intelligence, an AI-driven platform that automates private markets data collection and delivery. The platform processes over 1.5 million documents monthly across more than 44,000 funds, serving over 500 institutional investors that collectively manage more than $11 trillion in assets. Bloomberg’s terminal ecosystem will integrate Canoe’s document processing engine, enabling a unified view of both public and private holdings. Canoe had previously raised $72.8 million from investors including Goldman Sachs and Blackstone. The deal, announced on July 29, is subject to customary regulatory approval and financial terms were not disclosed.
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