StepStone and PitchBook Partner to Bring Transparency to Private Investments
New York, Wednesday, 6 May 2026.
On May 6, 2026, StepStone Group and PitchBook partnered to bring unprecedented transparency to notoriously opaque private markets, empowering investors with granular insights into alternative investment performance.
Bridging the Data Gap in Alternative Assets
The collaboration, announced today, integrates StepStone Group’s (NASDAQ: STEP) proprietary SPI platform data with PitchBook’s extensive private capital market intelligence, artificial intelligence, and machine learning tools [1]. Designed to serve fund managers, investors, and service providers, the initiative targets private equity buyouts, venture capital, growth equity, and infrastructure deals [1][2]. PitchBook, a subsidiary of Morningstar Inc. (NASDAQ: MORN), and StepStone aim to replace fund-level approximations with precise, deal-level analytics, allowing investors to isolate underlying value creation drivers [2][3].
Empowering Decision-Makers with Granular Metrics
Access to these capabilities will be bifurcated based on user needs when the offering officially launches in the second quarter of 2026 [alert! ‘Launch depends on development timelines remaining on schedule’] [2][3]. Fund managers and service providers will access the benchmarking tools directly through the PitchBook platform, while institutional investors will utilize StepStone’s SPI interface [2][3]. Joanna McGinley, Executive Vice President of Strategic Partnerships and Initiatives at PitchBook, emphasized that the integration provides fund managers with a streamlined, integrated method to evaluate performance and support fundraising efforts [1][2].
A Broader Industry Push for Private Market Clarity
This partnership is part of a broader, industry-wide momentum toward demystifying private capital [GPT]. Financial institutions have spent the past year rapidly developing tools to benchmark private assets alongside public ones. In June 2025, StepStone previously partnered with FTSE Russell to develop private asset indices [4]. This was followed by Morningstar’s Modern Market 100 in September 2025, MSCI’s All Country Public + Private Equity Index in December 2025—which benchmarked roughly $5.6 trillion in public equities alongside 10,000 private equity funds—and Nasdaq’s Private Capital Indexes in February 2026 [4].