Morningstar Integrates LCD into PitchBook Following $650M Acquisition
On April 4, 2022, MorningstarDealroom has a profile for this one. Try Dealroom → announced the acquisition of Leveraged Commentary & Data (LCD) from S&P Global for approximately $650 million . This transaction was driven by regulatory requirements following S&P’s merger with IHS Markit, which mandated the divestiture of certain assets to prevent excessive market concentration in financial data services.
LCD is a widely respected source of data and analysis on the leveraged loan market, serving asset managers, banks, and institutional investors. With this acquisition, Morningstar significantly strengthened its position in the private credit and corporate debt space.
Since then, LCD has been fully integrated into Morningstar’s PitchBook platform. PitchBook users now have direct access to LCD’s credit analysis, primary and secondary loan market data, proprietary reports, and specialized indices — all within a single, unified market intelligence ecosystem.
Morningstar’s strategy is clear: to consolidate advanced data tools into a comprehensive platform that offers clients a deeper, more complete view of the private markets and structured credit landscape.
Source:
A.M.
