Allocator Secures Significant Investment from Morningstar, Inc.

We are proud to announce that Allocator has secured a significant amount of growth capital from the leading provider of independent investment research, Morningstar, Inc. (NASDAQ: MORN), in exchange for a minority stake in our company.

As part of the transaction, Brett Kaluza, Vice President of Customer Success at PitchBook has been appointed to Allocator’s Board of Directors. PitchBook is a wholly owned subsidiary of Morningstar and premier data provider for the private and public equity markets.

Ryan Kalish, Founder and Chief Executive Officer at Allocator commented:

“I am thrilled to have such a great strategic investor on board to support Allocator in the next chapter of our growth. Morningstar is an entrepreneurial company with a similar mission to our own. I am confident that Allocator’s growing client base will benefit from this additional source of insight and expertise as we continue to expand on our ambitious vision to be the leading intelligence platform for institutional investors in funds.”

Brett Kaluza, Vice President of Customer Success at PitchBook commented:

“Allocator provides essential data and tools limited partners and other private capital market investors need to make informed allocation and investment decisions. Their platform capabilities perfectly align with PitchBook’s mission of delivering insights into the evolving capital markets. Our investment in Allocator will help them further advance our shared vision of providing differentiated data and insights while streamlining workflows and catalyzing confident investment decisions.”

About Morningstar, Inc.

Morningstar is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and services for individual investors, financial advisors, asset managers, retirement plan providers and sponsors, and institutional investors in the debt and private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately $179 billion in assets under advisement and management as of 31 March 2020. The Company has operations in 27 countries.

1 2 3