Nasdaq has entered an agreement to acquire AI-supported due diligence and monitoring platform Dasseti, in a move set to enhance institutional investing workflows across the industry.
The deal is expected to close in Q3 2026 and will see Dasseti’s capabilities integrated into Nasdaq eVestment, to extend the platform to span the entire manager research, due diligence and monitoring lifecycle.
The acquisition marks a further development in Nasdaq and Dasseti’s ongoing collaboration, after Nasdaq Ventures made an early-stage investment into the firm.
“As institutional investment teams navigate expanding private markets exposure, growing data demands, and more complex reporting requirements, they need integrated platforms, not standalone tools,” said Oliver Albers, executive vice president and chief product officer, capital access platforms, Nasdaq.
“Adding Dasseti’s powerful capabilities to Nasdaq eVestment connects AI-powered due diligence and monitoring directly to the data, research, and manager intelligence that so much of the industry already rely on.”
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The addition of Dasseti is expected to address challenges commonly faced by institutional investment teams, particularly around data standardisation, reporting demands and bridging the gap between where institutional decisions are made and accessing the data for those decisions.
Specifically, a more unified manager research and due diligence lifecycle is expected to be formed through the new offering, combining screening and analysis within a single trusted environment.
Moreover, the new offering will also benefit asset managers, by unifying Nasdaq eVestment’s RFP, DDQ and database management in one place to enhance submission consistency and enable efficient engagement with asset owners and consultants across the world.
Wissem Souissi, founder and chief executive of Dasseti, added: “Joining Nasdaq gives us the opportunity to bring our capabilities to a wider institutional network, accelerate our investment in AI and deliver greater value to the asset owners, consultants and asset managers we serve.”
The move is also set to benefit private markets and will add a significant network of Dasseti’s current general partners and alternatives managers contributing data to Nasdaq eVestment ongoing coverage, which spans more than 16,000 private market managers, and a private fund universe in excess of 95,000.