Key Takeaways
- • StepStone Group and PitchBook have formed a strategic partnership to integrate deal-level private markets analytics, combining StepStone's SPI platform with PitchBook's data intelligence and AI-enabled analytics tools.
- • The integrated offering enables institutional investors and fund managers to analyze anonymized, aggregated deal-level performance metrics across private equity, venture capital, growth equity, and infrastructure strategies with granular filtering by strategy, sector, geography, deal size, and vintage year.
- • The collaboration addresses investor demand for enhanced transparency and more sophisticated analytical capabilities, allowing differentiation between manager skill and market exposure while supporting improved investor relations, fundraising, and underwriting processes.
- • Users will gain access to detailed performance attribution and benchmarking tools designed to help institutional market participants better understand track records, compare deal performance across comparable cohorts, and improve investment decision-making.
Summary
StepStone Group and PitchBook have announced a strategic partnership aimed at delivering enhanced deal-level analytics and performance transparency to institutional investors navigating an increasingly complex private markets landscape. The collaboration integrates StepStone's proprietary SPI platform with PitchBook's private capital market intelligence, research capabilities, and AI-enabled analytical tools into a single offering designed to serve fund managers, institutional investors, and service providers across multiple asset classes.
The integrated platform will enable users to conduct granular analysis of anonymized and aggregated deal-level data across private equity buyouts, venture capital, growth equity, and infrastructure investments. Notably, the system allows institutional participants to filter and benchmark performance across multiple dimensions—including strategy type, sector, geography, deal size, and vintage year—providing a level of performance attribution previously unavailable at scale. This capability addresses a structural gap in private markets transparency, where investors have historically lacked tools to conduct meaningful peer comparisons at the deal level rather than at the fund level alone.
Tyler Johnson, partner and chief technology officer at StepStone Group, emphasized that the partnership responds to growing institutional demand for deeper transparency in private markets. "The ability to compare deal performance and operating metrics at a more granular level will help investors better understand track records and improve decision-making," Johnson stated. The collaboration is specifically designed to support improved investor relations and fundraising processes by providing detailed performance benchmarking and attribution analysis, while simultaneously enabling more sophisticated underwriting and investment analysis.
A key strategic benefit of the partnership lies in its ability to isolate manager skill from broader market exposure—a critical distinction for institutional allocators evaluating fund performance and making capital deployment decisions. By combining StepStone's deal-level data infrastructure with PitchBook's proprietary research and analytical capabilities, the platform positions itself as a significant competitive offering in the institutional private markets analytics market.
The integrated platform will enable users to conduct granular analysis of anonymized and aggregated deal-level data across private equity buyouts, venture capital, growth equity, and infrastructure investments. Notably, the system allows institutional participants to filter and benchmark performance across multiple dimensions—including strategy type, sector, geography, deal size, and vintage year—providing a level of performance attribution previously unavailable at scale. This capability addresses a structural gap in private markets transparency, where investors have historically lacked tools to conduct meaningful peer comparisons at the deal level rather than at the fund level alone.
Tyler Johnson, partner and chief technology officer at StepStone Group, emphasized that the partnership responds to growing institutional demand for deeper transparency in private markets. "The ability to compare deal performance and operating metrics at a more granular level will help investors better understand track records and improve decision-making," Johnson stated. The collaboration is specifically designed to support improved investor relations and fundraising processes by providing detailed performance benchmarking and attribution analysis, while simultaneously enabling more sophisticated underwriting and investment analysis.
A key strategic benefit of the partnership lies in its ability to isolate manager skill from broader market exposure—a critical distinction for institutional allocators evaluating fund performance and making capital deployment decisions. By combining StepStone's deal-level data infrastructure with PitchBook's proprietary research and analytical capabilities, the platform positions itself as a significant competitive offering in the institutional private markets analytics market.
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