Clearwater Analytics to acquire Beacon and Blackstone’s Bistro

Written by Adam Cadle

13/03/2025

Clearwater Analytics is to acquire Beacon and Blackstone’s Bistro to deliver investment intelligence across private markets.

Beacon is a next-generation leader for cross-asset class modelling and risk analytics for derivatives, private credit and debt, structured products and other alternative assets.

Bistro is Blackstone’s proprietary portfolio visualisation software platform for its credit and insurance business.

“With this combination, chief investment and chief risk officers will have a unified, real-time view of their entire portfolio—from public equities and private credit to structured products and alternatives—all in a single, cloud-native platform. The Clearwater platform will allow them to drill down and comprehensively understand their exposure to a company, industry or geography across all their investments, public and private. That will, in turn, allow them to model their entire portfolio, evaluate cash flows and understand risk, said Sandeep Sahai, CEO at Clearwater Analytics.

“Add to that the industry-leading pre-trade capabilities of the Enfusion platform, and the industry will have a true front-to-back platform, enhancing their ability to make better investment decisions."

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