Bloomberg companions with AI non-public markets information supplier Daphne Applied sciences

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Bloomberg companions with AI non-public markets information supplier Daphne Applied sciences


Bloomberg has introduced a strategic partnership and funding in Daphne Applied sciences, an AI-powered non-public markets information supplier for different asset managers.

It joins Apollo International Administration, Hamilton Lane and Motive Companions as traders within the firm.

As a part of the partnership, different asset managers will have the ability to publish non-public markets information on to the Bloomberg terminal utilizing Daphne’s resolution.

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Daphne permits different asset managers to share information extra simply with distribution companions equivalent to funding consultants, wealth platforms, information corporations and analysis networks, in addition to traders.

The platform offers AI instruments to fundraising and investor relations groups at asset managers, with the intention to streamline their fundraising and eradicate guide work. It additionally supplies analytics, providing insights into funding engagement.

Bloomberg and Daphne anticipate that Apollo International Administration would be the first agency to make use of Daphne to distribute choose funding fund information via the Bloomberg Terminal.

Moreover, Bloomberg and Daphne will work collectively to align information fields for personal market funds, aiming to enhance information consistency and protection.

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“The partnership with Bloomberg is a major milestone for Daphne,” stated Amit Gairola, chief govt of Daphne.

“Their funding is a testomony to the power of our imaginative and prescient and the large alternative forward. Permitting asset managers the power to publish their information on to the Bloomberg Terminal will present them with important publicity and permit them to broaden their attain.”

Bradley Foster, head of fastened revenue and personal markets at Bloomberg, stated: “Non-public Markets is a strategic precedence for Bloomberg and we plan to supply options that collectively handle our purchasers’ priorities throughout each private and non-private markets, together with serving to asset managers simply broaden their networks for distribution of this useful data. Daphne’s revolutionary know-how and normalised information will assist speed up our ambition to supply complete, high-quality fund information to our clients.”

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