J.P. Morgan will acquire Aumni, an investment data analytics company, as part of plans to improve its private markets platform for companies.

Aumni, which was launched in 2019, tracks and analyses the legal and economic factors underpinning private market transactions. The company has so far evaluated more than $600 billion in invested capital across more than 17,000 private companies.

The terms of the transaction, which is expected to complete in the first half of 2023, were not disclosed.

The acquisition comes shortly after J.P. Morgan launched Capital Connect, a members-only digital platform where private companies and investors can network and access proprietary benchmarking data.

Commenting on the news Michael Elanjian, head of digital investment banking and digital private markets at J.P. Morgan, said that the companies have been collaborating since 2021, when the bank first invested in Aumni.

He added: “Aumni’s market-leading data structuring and portfolio monitoring solutions, combined with the capital raising and cap table management services of Capital Connect and Global Shares, further enhances the ecosystem of digital solutions that J.P. Morgan is building for companies and investors in both growth and later-stage private markets.”

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