Updated
Updated · LSEG · Jun 18
LSEG Targets Private-Market Data Gaps as Firms Stay Private for Longer in 2026
Updated
Updated · LSEG · Jun 18

LSEG Targets Private-Market Data Gaps as Firms Stay Private for Longer in 2026

2 articles · Updated · LSEG · Jun 18

Summary

  • LSEG said private markets need more consistent, comparable and usable data as companies remain private longer and investors seek insight across a fuller asset lifecycle.
  • At Money20/20 Asia 2026, the group argued the main problem is not missing information but data that is hard to capture, standardise and analyse at scale.
  • That inconsistency spans reporting, valuation methods and even basic entity records such as company names and ownership structures, limiting reliable models and opportunity comparisons.
  • LSEG said investors are moving from event-driven research around funding rounds and deals toward an always-on approach that tracks performance signals continuously.
  • The broader shift is blurring public and private markets, increasing pressure on data providers, institutions, regulators and investors to build shared transparency and trust infrastructure.

Insights

Will total transparency in private markets destroy the very premium investors are chasing?
Can tokenization truly solve the private market's deep-rooted liquidity and trust problems?
As 401(k)s enter private markets, are we prepared for the risks of democratized illiquidity?

Bridging Private and Public Capital: LSEG’s PSM & PISCES and the Future of UK Private Market Liquidity (2026–2030)

Overview

In 2026, the UK financial market saw a major innovation with the launch of the London Stock Exchange Group’s Private Securities Market (PSM) under the FCA’s PISCES framework. This new market, created in close partnership with Rothschild & Co, aims to give private companies a fresh way to access capital and lets investors trade shares in unlisted firms. Rothschild & Co played a key role as the Registered Auction Agent, using its RetailBook platform to design how investors can participate and how trades are executed. The PSM is set to serve a wide range of companies, including both traditional private firms and new investment structures, reflecting strong support from UK government leaders.

...