How does MSCI's private markets suite compare to competing solutions from Bloomberg, Preqin, and S&P Global in terms of coverage and depth?
MSCâŻIâs PrivateâMarkets Suite vs. Bloomberg, Preqin and S&PâŻGlobal â Coverage & Depth
Dimension | MSCI (Private Asset & Deal MetricsâŻ+âŻRCA Funds) | Bloomberg (Bloomberg Terminal / BloombergâŻDataâLicense) | Preqin (PreqinâŻDataâProducts & Platform) | S&PâŻGlobal (S&P Capital IQ, S&PâŻMarket Intelligence) |
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Core focus | Endâtoâend analytics for General Partners (GPs) â privateâcompany fundamentals, dealâlevel performance, and commercialârealâestate capitalâallocation. | Broad marketâdata platform â realâtime pricing, news, publicâequity and macro data; privateâmarket data is an addâon module. | Primary source for fundraising, fundâperformance, and limitedâpartner data across privateâequity, venture, realâestate, infrastructure. | Core strength in credit, publicâmarket and macro data; privateâmarket coverage is expanding (e.g., Private Equity, RealâEstate, Infrastructure) but remains more âhighâlevelâ. |
Coverage breadth | ⢠Privateâcompany fundamentals for >âŻ30,000 global private firms (incl. startâups, growthâstage, mature). ⢠Dealâlevel metrics for >âŻ200,000 privateâequity, ventureâcapital and M&A transactions. ⢠Commercialârealâestate: >âŻ10,000 propertyâlevel assets, fundâlevel holdings, and capitalâflow data. ⢠Global reach (North America, Europe, APAC, LATAM, MiddleâŻEast & Africa). |
⢠Publicâequity coverage (all exchanges). ⢠Privateâmarket modules (e.g., BloombergâŻPrivateâŻEquity, BloombergâŻRealâEstate) cover ~10â15âŻk private firms and ~50âk transactions â more limited than MSCIâs dedicated privateâcompany database. ⢠Strong realâtime news & pricing for public markets; privateâmarket data is less granular. |
⢠Fundâraising: >âŻ5âŻk PE/VC/RealâEstate funds, >âŻ10âŻk LPs. ⢠Performance: vintageâyear returns, IRR, DPI for >âŻ4âŻk funds. ⢠Dealâlevel: ~âŻ30â40âŻk privateâequity transactions (focus on capitalâraised amounts, not full companyâlevel fundamentals). ⢠Primarily fundâcentric rather than companyâcentric. |
⢠Credit & publicâmarket: >âŻ100âŻk public entities, >âŻ30âŻk privateâequity and realâestate issuers (mostly listed or largeâcap). ⢠Dealâlevel: ~âŻ50âk privateâequity transactions (highâlevel deal size, limited companyâlevel KPIs). ⢠Growing coverage of privateâmarket benchmarks but still less extensive than MSCIâs dedicated privateâcompany database. |
Depth of data (granularity & analytics) | ⢠Companyâlevel fundamentals: revenue, EBITDA, cashâflow, employee count, ownership, board, ESG scores â all at the privateâcompany level. ⢠Dealâlevel metrics: transaction price, valuation multiples, financing structure, secondaryâmarket activity, exit outcomes, timeâtoâliquidity. ⢠RealâCapital Analytics (RCA) Funds: propertyâlevel rent, occupancy, NOI, capârates, geographic and sector segmentation, fundâlevel cashâflow modeling. ⢠Benchmarking & peerâgroup analytics built into the platform for GPs to compare fund performance, portfolio composition, and capitalâallocation efficiency. ⢠Investorâengagement tools: dataârooms, custom reporting, LPâfacing dashboards, scenarioâmodeling for capitalâformation strategies. |
⢠Financials: publicâcompany filings, limited privateâcompany fundamentals (mostly highâlevel revenue/valuation). ⢠Deal data: transaction size, round, lead investors â but often missing detailed financial ratios, cashâflow, or ESG. ⢠Analytics: strong macroâeconomics, pricing, and riskâmetrics for public markets; privateâmarket analytics are more âsnapshotâ and less integrated with GPâspecific benchmarking. |
⢠Fundâcentric depth: capitalâraised, commitments, distributions, performance metrics (IRR, DPI, TVPI). ⢠Dealâlevel: limited to amount raised, investor list, and vintage year â no deep companyâfinancials or propertyâlevel metrics. ⢠Analytics: fundraising trends, LPâGP matching, performance benchmarking across funds; lacks granular companyâlevel operational data. |
⢠Creditâcentric depth: detailed financial statements for public issuers, highâgrade credit metrics. ⢠Privateâmarket depth: highâlevel transaction size, fundâsize, and limited financial ratios; propertyâlevel data is more aggregated (e.g., total squareâfootage, average rent). ⢠Analytics: strong creditârisk models, macroâscenario analysis; privateâmarket analytics are more âtopâlineâ and less focused on GPâlevel decisionâmaking. |
Userâtargeting & workflow integration | ⢠Built specifically for General Partners â enables fundâstrategy design, LPâcommunication, and portfolioâmonitoring. ⢠Direct integration with fundâadministration, reporting, and capitalâraising workflows (e.g., dataâroom feeds, API for LP portals). |
⢠Primarily serves publicâmarket analysts, traders, and multiâasset managers. Privateâmarket modules are an addâon for investmentâbankers or assetâmanagers but lack the GPâcentric workflow. | ⢠Serves LPs, fundâofâfunds, and placementâagents â focus on fundâraising intelligence rather than GP operational analytics. | ⢠Serves credit analysts, investmentâbankers, and corporateâfinance teams â privateâmarket data is a supplement for valuation and M&A but not a core GP tool. |
Differentiating advantage | ⢠Unified privateâcompany + deal + realâestate data in a single analytics engine â the most comprehensive âprivateâassetâ coverage on the market today. ⢠Depth of companyâlevel financials (cashâflow, EBITDA, balanceâsheet) for private firms that competitors typically do not capture. ⢠GPâfocused benchmarking & LPâengagement tools that turn raw data into actionable capitalâformation strategies. |
⢠Best for realâtime market data, news, and publicâequity analytics; privateâmarket coverage is a secondary offering. | ⢠Industryâstandard for fundâraising and performance data; however, it does not provide the same companyâlevel granularity or integrated realâestate metrics. | ⢠Strong creditârisk and macro analytics; privateâmarket coverage is expanding but still shallower than MSCIâs dedicated privateâmarkets suite. |
BottomâLine Comparison
Aspect | MSCI | Bloomberg | Preqin | S&PâŻGlobal |
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Overall coverage breadth | Broadest â thousands of private companies, hundreds of thousands of deals, and detailed realâestate assets across all major regions. | Moderate â privateâmarket modules cover fewer firms and deals; primary strength remains publicâmarket data. | Narrower â fundâcentric, strong on fundraising & performance but limited on companyâlevel details. | Moderate â expanding privateâmarket coverage but still more highâlevel than MSCIâs depth. |
Data depth (granularity) | Deepest â full financial statements, cashâflow, valuation multiples, ESG, propertyâlevel metrics, and builtâin benchmarking. | Shallow â mainly deal size, round, and limited financials; lacks comprehensive privateâcompany fundamentals. | Shallow â focuses on capitalâraised, commitments, and fund performance; minimal companyâlevel financials. | Shallow to moderate â strong credit data for public firms; privateâmarket data is aggregated and less granular. |
Target user | General Partners, fund managers, and LPâengagement teams needing endâtoâend privateâasset analytics. | Publicâmarket analysts, traders, and multiâasset managers; privateâmarket users are secondary. | LPs, fundâofâfunds, placement agents, and capitalâraising professionals. | Credit analysts, investmentâbankers, corporateâfinance teams; privateâmarket users are supplemental. |
Unique capability | Integrated Private Asset & Deal Metrics + Real Capital Analytics that combine companyâlevel, dealâlevel, and propertyâlevel data with GPâcentric scenario and reporting tools. | Unmatched realâtime pricing, news, and macro data for public markets; privateâmarket addâons are less integrated. | Bestâinâclass fundâraising intelligence and performance benchmarking for PE/VC/RealâEstate funds. | Industryâleading creditârisk models and macroâanalytics; privateâmarket data is an expanding but still secondary offering. |
How MSCIâs Suite Stands Out
Holistic PrivateâAsset Coverage â By merging privateâcompany fundamentals, privateâequity/ventureâcapital deal metrics, and commercialârealâestate property data, MSCI offers a single, unified data set that competitors typically split across multiple products or lack entirely.
GPâCentric Analytics â The platform is purposeâbuilt for General Partners: it provides peerâgroup benchmarking, capitalâformation scenario modeling, and investorâengagement dashboards that go far beyond the âdataâfeedâ approach of Bloomberg, the âfundâraisingâ focus of Preqin, or the âcreditâriskâ orientation of S&PâŻGlobal.
Depth of Financial Detail â MSCI captures cashâflow, EBITDA, balanceâsheet items, and ESG scores for private firms, enabling sophisticated valuation and risk analysis. Bloombergâs privateâmarket data often stops at headline valuations; Preqin and S&PâŻGlobal rarely include these companyâlevel financials.
RealâCapital Analytics Layer â The RCA Funds component adds propertyâlevel rent, occupancy, NOI, capârate, and geographic segmentationâa level of granularity that Bloomberg and Preqin do not provide, and that S&PâŻGlobal only offers in a more aggregated form.
Integrated Workflow â APIs, dataâroom feeds, and customizable LPâreporting tools allow GPs to embed MSCI data directly into fundraising decks, portfolioâmonitoring systems, and compliance reportingâa capability that is only partially available in Bloombergâs addâon modules and absent in Preqin and S&PâŻGlobal.
Takeaway
- If your priority is a comprehensive, granular view of private companies, deal dynamics, and commercialârealâestate assetsâcombined with tools that translate that data into GPâfocused strategy and LP communicationâMSCIâs new privateâmarkets suite offers the most extensive coverage and depth among the four providers.
- Bloomberg excels in realâtime publicâmarket data and macro analytics but provides a comparatively thin privateâmarket layer.
- Preqin remains the goâto source for fundâraising and performance data, yet it does not match MSCIâs companyâlevel financial detail or integrated realâestate analytics.
- S&PâŻGlobal delivers strong credit and macro analytics, with a growing privateâmarket component, but its privateâasset coverage is still less granular than MSCIâs dedicated Private Asset and Deal Metrics platform.