Nasdaq (NASDAQ: NDAQ) has closed its purchase of Dasseti, folding the specialist’s artificial-intelligence tools for due diligence and ongoing manager oversight into Nasdaq eVestment. The deal, first unveiled on July 23, 2026 and completed on September 2, extends a relationship that began when Nasdaq Ventures made an early investment in 2022.
Terms were not disclosed. Institutional allocators and consultants now oversee a wider mix of public and private strategies than ever before.
Information about those managers is often scattered across questionnaires, proposal documents, spreadsheets, and email, while the research platforms used to screen and select firms sit elsewhere.
That disconnect has become a standing source of extra work and inconsistent data.
Combining Dasseti’s software with eVestment is intended to put screening, diligence, selection, and monitoring inside one environment.
eVestment sits at the center of institutional manager research. About 4,800 asset managers supply data to more than 1,200 asset owners and intermediaries.
The network supports more than $90 trillion in assets across 112,000-plus products in 109 countries.
Private markets coverage now includes more than 16,000 managers and 95,000 funds, available through eVestment as well as other data and CRM systems.
Dasseti adds another layer: an AI-driven system that processes due-diligence questionnaires, requests for proposals, and continuing monitoring for roughly 17,000 managers and general partners representing about $34 trillion.
Nasdaq expects the combination to shorten response times, raise data quality, and give consultants and investors a single path from first screen to ongoing oversight, while giving managers one place to handle RFPs, questionnaires, and database updates.
Oliver Albers, Nasdaq’s executive vice president and chief product officer for capital access platforms, noted that much of the diligence and RFP process still lives outside core research tools.
Bringing Dasseti’s capabilities into eVestment, he said, should let institutions move from research to decisions and ongoing review with less friction.
Dasseti’s founder and chief executive, Wissem Souissi, has described the firm as built to help investment teams collect, organize, and share information across diligence, monitoring, and investor-response work.
Becoming part of Nasdaq, he said, expands that reach and should speed further investment in AI.
The private markets angle is central.
Allocators have increased exposure to alternatives just as data standards remain weaker and reporting more customized.
eVestment already tracked a large set of private managers and funds; Dasseti’s network of general partners and alternatives firms is meant to thicken that coverage and reduce the manual effort of gathering comparable information.
For managers, the combined platform is designed to keep firm and strategy narratives consistent across consultant databases and diligence requests rather than forcing repeated, disconnected updates.
AI is already used inside Dasseti for drafting responses, extracting facts from documents, and checking consistency.
Nasdaq’s stated aim is to apply that automation at the scale of eVestment’s contributory network so unstructured diligence material becomes as usable as structured performance data.
Over time the company frames success as shorter diligence cycles, fewer one-off data handoffs, and richer context for both selection and monitoring. The completed deal is the latest step in Nasdaq’s effort to assemble connected institutional platforms rather than isolated point solutions.