State Street to Acquire Mercatus

State Street Corporation announced that it has entered into an agreement to acquire Mercatus, Inc., a front-and-middle-office solutions and data management provider for private market managers. The transaction is expected to be completed in September subject to customary closing conditions. In connection with the acquisition, the company will launch its State Street AlphaSM for Private Markets solution which will allow institutional investors to fully manage the entire lifecycle of their infrastructure, private equity, real estate, private debt and fund of funds investments through a fully integrated, digital front -to-back, single platform. This includes the ability to provide whole portfolio exposure to managers investing in both public and private markets. The solution will reach across key areas such as cloud-based asset management, deal management, ESG, investor relations and portfolio monitoring allowing clients to make faster and more informed investment decisions as well as improve client service levels with better responsiveness and transparency. In addition, it will enable clients to have more granular visibility into asset and fund level data to help solve challenges caused by increased fund complexity, more sophisticated investors, the need for better transparency and regulatory obligations. Mercatus has operations in the US, UK, and India, and manages more than $1 trillion invested capital across its global private markets client base. Mercatus’s client base includes sophisticated managers in private equity, infrastructure, real estate and private debt.