The latest mergers, acquisitions and other corporate actions in the wealth management sector.

PEI, Scientific Infra & Private Assets
PEI Group, a London-headquartered business intelligence and analytics provider, has announced that it is acquiring Scientific Infra & Private Assets (SIPA), an index, benchmark and rating provider for private infrastructure and private equity markets. 

SIPA has been developed via academic research at the EDHEC Infrastructure & Private Assets Research Institute (EIPA).

The acquisition – the financial deal size was not disclosed – reinforces PEI's commitment to developing data-driven intelligence and analytics to support the need for transparency and alignment within private markets, PEI said in a statement. Besides its London HQ, PEI has offices in Los Angeles, Tokyo, Sydney, New York and Hong Kong.

With private equity and infrastructure continuing to advance as asset classes used by wealth managers, private banks and family offices, so has demand for clear and timely data on performance and other key information. 

SIPA produces the “only indices and benchmarks that truly reflect the risk and the performance of private markets as an asset class: with one million private asset prices computed each month, SIPA data achieves both robustness and granularity, allowing superior benchmarking to listed proxies or appraisal data,” PEI said.

SIPA indices and benchmarks are already used by investors representing more than $1 trillion of AuM in private assets as well as prudential frameworks such as the International Capital Standard. The group’s origins go back to 2016, when EDHEC established EIPA to advance the scientific understanding of private markets.