S&P Global announced on October 15, 2025, that it has agreed to acquire With Intelligence, a prominent source of data and analytics for private markets, for $1.8 billion. This acquisition is a significant expansion of S&P Global's capabilities in the private markets sector, aiming to enhance its offerings for general partners, limited partners, and other financial intermediaries. The deal will combine With Intelligence's proprietary data and benchmarks with S&P Global's existing private markets intelligence. With Intelligence is expected to generate approximately $130 million in revenue in 2025. This move aligns with S&P Global's strategy to increase transparency and innovation within the rapidly growing alternative assets space, which is projected to reach nearly $40 trillion by the end of the decade.