Morningstar announces acquisitions of Lumonic, Dealview Technologies

Morningstar (MORN) announced the acquisitions of Lumonic and Dealview Technologies. These acquisitions will strengthen Morningstar’s private credit and structured finance offerings, with advanced solutions designed to deliver efficiency, transparency, and enhanced decision-making to institutional investors and asset managers. The Lumonic acquisition closed on March 3, 2025, and the DealX acquisition closed on March 1, 2025. Terms for both transactions were not disclosed. The company said, “Lumonic’s proprietary platform is purpose-built for private credit lenders, automating covenant compliance, financial tracking, and AI-driven portfolio analytics. This acquisition brings PitchBook, a Morningstar company, into the burgeoning portfolio monitoring space. It empowers private credit investment professionals to manage and analyze their portfolios alongside PitchBook’s industry-leading private capital data. Lumonic will operate as a subsidiary of PitchBook, which will provide expanded support and resources while allowing Lumonic to stay committed to delivering innovative solutions that modernize credit portfolio workflows. DealX brings extensive expertise in clean, standardized U.S. CMBS and global CLO data, strengthening Morningstar’s analytics capabilities in the structured finance sector. Already engaged in a strategic partnership with Morningstar Credit, DealX played a significant role in launching CRE Analytics, a platform offering investors centralized insights into loan and bond trends across CMBS deals and commercial real estate lending more broadly, supported by Morningstar’s credit assessments. Now fully integrated, Morningstar expects that DealX will bolster Morningstar Credit’s position as a leader in CMBS analytics while expanding its reach to private credit and leveraged loan markets.”