Key Takeaways
- • Gain, an Amsterdam-based private markets intelligence provider, is seeking a $500 million valuation in a minority stake sale expected to launch in Q3 2026, with Moelis advising on the transaction.
- • Founded in 2018 by Nicola Ebmeyer and Frister Haveman, Gain provides data and research on private equity and credit markets dealmaking, with offices across Amsterdam, London, and New York.
- • The minority stake sale targets financial investors, reflecting growing institutional demand for specialized private markets data as deal complexity increases across alternative asset classes.
- • Comparable valuations in the sector demonstrate investor appetite: credit data firm 9fin reached $1.3 billion in its latest funding round, while Octus (formerly Reorg Research) sold for approximately $1.3 billion to Permira in 2022.
Summary
Gain, a private markets intelligence provider headquartered in Amsterdam, is preparing to monetize its equity through a minority stake sale at a valuation of up to $500 million. The transaction is being arranged by investment bank Moelis and is anticipated to launch during the third quarter of 2026, with the process targeting financial investors seeking exposure to the data and research vertical within alternative assets.
The firm, founded in 2018 by Nicola Ebmeyer and Frister Haveman, has established itself as a specialized provider of data and research focused on private markets dealmaking. Its geographic footprint spans Amsterdam, London, and New York, positioning the company to serve dealmakers across major financial centers. The minority stake structure suggests the founders and existing stakeholders intend to retain control while bringing in growth capital and strategic investors.
The timing of Gain's capital raise reflects broader market dynamics. Demand for specialized private markets intelligence has accelerated in recent years as institutional investors and alternative asset managers require increasingly granular data on private equity and credit market transactions. The sector has demonstrated strong valuation multiples: 9fin, a competitor focused on credit data, achieved a $1.3 billion valuation in its latest funding round, while Octus (formerly Reorg Research) commanded approximately $1.3 billion when acquired by Permira from Warburg Pincus in 2022. These comparable transactions provide context for Gain's $500 million valuation, positioning the firm in the mid-market segment of specialized data providers within the alternatives ecosystem.
The firm, founded in 2018 by Nicola Ebmeyer and Frister Haveman, has established itself as a specialized provider of data and research focused on private markets dealmaking. Its geographic footprint spans Amsterdam, London, and New York, positioning the company to serve dealmakers across major financial centers. The minority stake structure suggests the founders and existing stakeholders intend to retain control while bringing in growth capital and strategic investors.
The timing of Gain's capital raise reflects broader market dynamics. Demand for specialized private markets intelligence has accelerated in recent years as institutional investors and alternative asset managers require increasingly granular data on private equity and credit market transactions. The sector has demonstrated strong valuation multiples: 9fin, a competitor focused on credit data, achieved a $1.3 billion valuation in its latest funding round, while Octus (formerly Reorg Research) commanded approximately $1.3 billion when acquired by Permira from Warburg Pincus in 2022. These comparable transactions provide context for Gain's $500 million valuation, positioning the firm in the mid-market segment of specialized data providers within the alternatives ecosystem.
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