# Mercatus is now Charles River for Private Markets

> Formerly Mercatus, Charles River for Private Markets is enterprise software for managing private investment data from deal origination through valuation, portfolio monitoring and reporting. Founded around solar investment work, it was acquired by State Street in 2021 and is now part of the Charles River and Alpha offering.

- **Founded:** 2009
- **Headquarters:** San Mateo, United States
- **Founders:** Haresh Patel (Co-founder and former CEO), Tim Buchner (Co-founder)
- **Products:** Charles River for Private Markets, Portfolio monitoring, Valuation management and ModelSync, Deal management, Data management services
- **Notable:** State Street announced the acquisition in July 2021; terms were undisclosed., Mercatus reported more than $1 trillion of invested capital across its global client base in 2021., Charles River currently reports more than $2.2 trillion in private assets, 25,000 private investments and 2,100 active users on the platform.

## Products & services

- **Charles River for Private Markets** — Cloud platform for private market investment data, workflows and analytics across credit, equity, real assets and funds.
- **Portfolio monitoring** — Auditable transaction history, performance calculations, exposures, alerts and investor reporting.
- **Valuation management and ModelSync** — Connects bespoke Excel models for valuation, scenario analysis and cash-flow forecasting at scale.
- **Deal management** — Pipeline, underwriting, investment committee approval and pre-to-post investment data workflows.
- **Data management services** — Ingestion, normalization, validation and governance of investment data from third parties.
- **Mercatus Energy ILM** — Earlier energy investment lifecycle software for project pipeline and asset management.

## Achievements

- State Street announced the acquisition in July 2021; terms were undisclosed.
- Mercatus reported more than $1 trillion of invested capital across its global client base in 2021.
- Charles River currently reports more than $2.2 trillion in private assets, 25,000 private investments and 2,100 active users on the platform.

## Latest updates

- **2026-09** — Charles River’s current product page reports more than $2.2 trillion in private assets, more than 25,000 private investments and more than 2,100 active users.
- **2026-04** — Charles River published an updated private markets brochure focused on unified public and private portfolio data.
- **2021-07** — State Street announced its agreement to acquire Mercatus and launch Alpha for Private Markets.

## Links

- Website: https://www.crd.com/solutions/private-markets/
- LinkedIn: https://www.linkedin.com/company/mercatus-charlesriverforprivatemarkets
- Twitter/X: https://twitter.com/gomercatus
- Facebook: https://www.facebook.com/gomercatus

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Published by YesPress — https://yespress.io
Last updated: 2026-09-30