PitchBook, the premier data provider for the private and public equity markets, is celebrating its 15th anniversary following strong growth in both revenue and userbase in 2021 and continued expansion in 2022. PitchBook revenue grew by 50.1% and users by 41.4% in the fourth quarter, marking an exceptionally strong close to the year. As an independent subsidiary of Morningstar, Inc., PitchBook was the largest product under Morningstar based on revenue as noted in Morningstar’s annual report. Significant investments in PitchBook’s data, research and product capabilities contributed to the company’s accelerated growth, including enhancements to the workflows of PitchBook’s core clients, expanded private markets data coverage globally and newly developed research products aimed serving insights to clients.
“The growth and maturation of the private capital markets has been a key driver of PitchBook’s growth, as the need for data and insights has never been greater,” said John Gabbert, founder and CEO of PitchBook. “We started 15 years ago with an intense focus on solving customer needs and I’m proud to see how far we’ve come without losing sight of this mission. The team is constantly evolving the PitchBook Platform to empower our customers with the tools, expert support and information they need to win.”
In addition to ongoing product and data improvements, PitchBook’s strategic focus in 2021 was to enhance its ability to proactively surface insights to its growing client base of dealmakers, corporations and non-traditional investors. As the private capital markets continue to expand and deepen, with PE and VC dry powder reaching over $2 trillion in 2021, users increasingly rely on PitchBook to put that capital to work.
2021 Product, Data and Research Enhancements Include:
- Enhanced analytics, data, and better search functionality to help both general and limited partners (GPs and LPs) perform diligence on one another.
- Released key updates for alternative asset investors, including a new hedge funds dataset that provides a broader view into alternative fund assets.
- Published new research from PitchBook’s Institutional Research Group including a VC Dealmaking Indicator, PE Barometer and a quarterly Emerging Technology Indicator among others.
- Added patent data and analytics to enhance discoverability of company intellectual property, including the ability to search for companies based on patent activity and view a company’s 10-year patent history ‘at-a-glance’ on their profile.
- Continued expansion of core datasets in venture capital, private equity, M&A, and debt.
- Increased the number of companies and funds covered in Europe, Asia Pacific and Greater China. Also completely track the entire flow of capital from LPs to GPs in Greater China.
- Bolstered public company data capabilities by introducing new datasets, such as enhanced capital structure data, to better equip clients with the depth of data needed to better determine cost of capital.
- Added executive compensation data and earnings calls transcripts to help investors better track management team performance.
- Extended modeling and pitch deck creation capabilities with the launch of MAC/Online Excel Plugin and PowerPoint plugin.
PitchBook offers an easy-to-use, all-in-one research and analysis workstation for investment and research professionals, including VC and PE firms, corporate development teams, investment banks, LPs, lenders, law firms and accounting firms. Clients rely on PitchBook to provide access to the broadest collection of data and research to aid in sourcing deals, raising funds, building buyer lists, creating benchmarks and networking. PitchBook is also available through a mobile application, CRM integrations, an Excel plug-in, data feeds and flexible data solutions that allow clients to access a variety of data points on demand.