Bloomberg and Daphne Partner to Streamline Access to Reliable Private Markets Data

Bloomberg joins Apollo Global Management, Motive Partners, and Hamilton Lane as investors in Daphne to facilitate publication and normalization of funds data directly from asset manager sources

NEW YORK, Feb. 10, 2025 /PRNewswire/ -- Bloomberg today announced a strategic partnership with, and investment in, Daphne Technologies, LLC (Daphne). As part of the partnership, Daphne will establish connectivity with Bloomberg to enable straight through data processing by which alternative asset managers can publish private markets data directly to the Bloomberg Terminal.  A Bloomberg designee will join the Daphne Board, alongside existing members from Apollo, Motive Partners and Hamilton Lane. 

Daphne is an AI powered platform purpose-built for alternative asset managers to normalize and share private markets data, making the asset class more accessible to a broader range of investors. The platform serves as a direct digital bridge for data exchange between asset managers and distribution partners such as investment consultants, wealth platforms, data companies and research networks, as well as investors.

Daphne equips fundraising and Investor Relations teams at asset managers with the latest AI tools to streamline their fundraising efforts and eliminate manual work. Daphne organizes fund data in a standard product master, enabling asset managers to easily respond to due diligence inquiries and to publish updates to all of their distribution partners with a single click. Additionally, the platform provides advanced analytics, offering valuable insights into investment engagement.

In connection with this strategic partnership, Bloomberg and Daphne expect that Apollo Global Management will be the first to use Daphne to distribute select investment fund data through the Bloomberg Terminal. Furthermore, Bloomberg and Daphne will work together to align and normalize data fields for private market funds, enhancing data consistency and coverage.

Amit Gairola, CEO of Daphne, said: "The partnership with Bloomberg is a significant milestone for Daphne. Their investment is a testament to the strength of our vision and the tremendous opportunity ahead. Allowing asset managers the ability to publish their data directly to the Bloomberg Terminal will provide them with significant exposure and allow them to expand their reach."

Brad Foster, Head of Fixed Income & Private Markets at Bloomberg, said: "Private Markets is a strategic priority for Bloomberg and we plan to provide solutions that collectively address our clients' priorities across both public and private markets, including helping asset managers easily expand their networks for distribution of this valuable information. Daphne's innovative technology and normalized data will help accelerate our ambition to provide comprehensive, high-quality fund data to our customers."

About Daphne Technologies
Daphne enables the direct digital connection between asset managers and their investors and channel partners. Using Daphne asset managers can digitize their fund data and publish it with a click of a button to multiple channels like institutional investors, investment consultants, IBDs and RIAs. This data can be transmitted and consumed via a web-based interface or API. Daphne gives asset managers the tools to simplify and streamline fund due diligence and reporting using industry leading AI tools. Using Daphne, asset managers are prepared for the digital future of fund distribution to a wide group of investors. For more information, please visit our website or follow us on LinkedIn.

About Hamilton Lane
Hamilton Lane is one of the largest private markets investment firms globally, providing innovative solutions to institutional and private wealth investors around the world. Dedicated exclusively to private markets investing for more than 30 years, the firm currently employs approximately 740 professionals operating in offices throughout North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has $956 billion in assets under management and supervision, composed of nearly $135 billion in discretionary assets and more than $821 billion in non-discretionary assets, as of December 31, 2024. Hamilton Lane specializes in building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors and geographies. For more information, please visit our website or follow Hamilton Lane on LinkedIn.

About the Bloomberg Terminal
For more than four decades, the Bloomberg Terminal has revolutionized the financial services industry by bringing transparency and innovation to the capital markets. Trusted by the world's most influential decision-makers, the Terminal provides real-time access to news, data, insights and trading tools that help our customers turn knowledge into action.

About Bloomberg
Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration. For more information, visit Bloomberg.com/company or request a demo.

SOURCE Bloomberg L.P.