Nasdaq Completes Dasseti Acquisition to Expand eVestment’s AI and Private-Markets Tools

Nasdaq has completed its acquisition of Dasseti, bringing the investment-technology company’s AI-powered due diligence and monitoring tools into Nasdaq eVestment. The purchase gives Nasdaq a broader set of workflows for institutional investors, consultants and asset managers, with particular emphasis on the less-standardized data and reporting processes common in private markets.

Financial terms were not disclosed. Nasdaq first announced the agreement on July 23 and had expected it to close in the third quarter of 2026. The September 2 completion turns an existing commercial and investment relationship into full ownership: Nasdaq Ventures first invested in Dasseti in 2022, and the two companies had already connected parts of their platforms before the acquisition was announced.

In its completion announcement, Nasdaq said Dasseti will be integrated into eVestment across manager research, due diligence and ongoing monitoring. The company described the aim as creating a more connected path from identifying managers through selection and oversight, rather than leaving questionnaires, proposals and monitoring records spread across separate systems.

Dasseti moves from eVestment partner to owned platform

Dasseti’s software is designed around institutional due diligence and investor-response work. Its tools cover due diligence questionnaires, requests for proposals and recurring monitoring, areas where investment firms often have to collect large amounts of manager data and maintain answers across many documents and counterparties. Nasdaq said Dasseti’s network covers about 17,000 asset managers and general partners representing $34 trillion in assets under management.

The acquisition also formalizes a relationship that had become increasingly operational before the deal. In June, Dasseti launched a direct integration with Nasdaq eVestment Omni that allowed investment managers to manage consultant-database narratives alongside DDQs and RFPs, then synchronize approved material into Omni. Dasseti’s ENGAGE platform uses AI-assisted response tools and a centralized content bank for those workflows, with human review and approval built into the process.

That prior integration matters because Nasdaq is not starting with two completely disconnected products. The companies already had shared customers, data connections and a product partnership. Ownership gives Nasdaq more control over how those functions are combined inside eVestment, although the company has not disclosed a detailed integration timetable or quantified any expected cost savings or revenue contribution from Dasseti.

Nasdaq has been careful to frame the expected benefits as prospective. Its September release says the combined capabilities are expected to shorten response times and improve data quality. Those outcomes depend on implementation and customer use, so they are not yet operating results. The immediate confirmed change is that Dasseti is now part of Nasdaq and its software is slated for deeper integration with eVestment.

Private-markets coverage becomes a larger part of eVestment

The scale figures supplied by Nasdaq show why the purchase is strategically relevant to eVestment. The platform connects roughly 4,800 contributing asset managers with more than 1,200 asset owners and intermediaries, covering more than $90 trillion in assets under management across more than 112,000 products in 109 countries. Nasdaq also says eVestment’s private-markets coverage includes more than 16,000 managers and 95,000 funds.

Private markets create a different information problem from many listed strategies because disclosures, fund structures and reporting formats are less standardized. Institutional allocators may need to compare managers using bespoke questionnaires, operational due diligence, historical responses and documents that do not fit neatly into a single database. Dasseti’s software is meant to handle that collection and monitoring layer, while eVestment already provides manager data, analytics and institutional research tools.

For asset managers, the combination is intended to reduce duplication between consultant databases, DDQs and RFPs. For allocators and consultants, Nasdaq is trying to connect manager screening with the work that follows after a candidate enters deeper review. The logic is less about adding another standalone AI assistant and more about applying automation to a workflow already tied to institutional manager data.

Nasdaq’s announcement also highlights the growing role of unstructured information in institutional research. Due diligence responses can live in spreadsheets, PDFs, email threads and questionnaires that change by investor or consultant. Dasseti applies AI to extracting, drafting and organizing that information, but the value of the combined system will depend on how well those tools use approved data and preserve review controls. That distinction is especially important in due diligence, where speed is useful only if the underlying information remains accurate and traceable.

The purchase fits Nasdaq’s broader workflow-and-data strategy

Dasseti joins Nasdaq during a period of strong growth in the company’s technology and data businesses. In the second quarter of 2026, Nasdaq reported $621 million of revenue from Capital Access Platforms, up 19% from a year earlier. Within that segment, Workflow and Insights revenue was $133 million, up 5%. Capital Access Platforms annualized recurring revenue stood at about $1.39 billion at the end of June.

Nasdaq described the planned Dasseti purchase in its second-quarter results as part of continued portfolio optimization. The company has been emphasizing recurring data, analytics and workflow products alongside its exchange operations, and eVestment sits within that broader effort to serve institutional investment processes beyond trade execution.

The deal also follows a pattern of Nasdaq using acquisitions and internal product integration to deepen software relationships with financial institutions. In Dasseti’s case, the progression was unusually visible: venture investment in 2022, commercial integration, a June 2026 Omni connection, an acquisition agreement in July and completion in September. That sequence reduces some of the uncertainty around basic product compatibility, though it does not answer how quickly Nasdaq can consolidate overlapping workflows or convert the added capabilities into faster growth.

For now, the purchase price remains undisclosed, and Nasdaq has not provided separate financial guidance for Dasseti. The next measurable evidence will come from product integration and future reporting on the Capital Access Platforms business, where investors can assess whether the added due diligence and private-markets capabilities translate into stronger customer adoption or recurring revenue.