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Competitive Positioning

Osmosis vs. The World

Real-time allocator intelligence in a consolidating market

The biggest asset managers and data giants are in an arms race to own the "private markets data stack":

  • BlackRock acquired Preqin for ~$3.2B (March 2025)
  • S&P Global acquired With Intelligence for $1.8B (Oct 2025)
  • Nasdaq bought eVestment for $705M (2017)
$16.3T Alternatives AUM $8B → $18B TAM by 2030
🎯

"Databases are libraries.
Osmosis is your radar."

Competitive Positioning

The Gap Everyone Misses

These platforms are libraries: they excel at historical fund data, benchmarking, and contacts—but they do not capture what allocators actually say in meetings in real time.

The "Disappearing Data" Problem

Allocator voice in boardrooms, ICs, hearings, and CIO/consultant remarks that shape mandates before they ever show up in a database:

  • Investment Committee discussions
  • Board meeting deliberations
  • CIO and consultant commentary
  • Policy motions and pacing debates

Osmosis in One Line

Osmosis is a real-time allocator intelligence platform that listens to public meetings and documents as they happen, then turns what was said into:

Personalized Alerts Relationship Maps Automated Workflows

So your team is first in the room with the right angle.

The ROI Math: One $100M mandate at ~1% over 5 years = $5M (roughly 1,000x our annual cost)

Competitive Positioning

Why We Exist

Your buyers win by spending more time selling and less time doing admin:

🔍

Research

"Who should we be selling to?"

📋

Meeting Prep

"What should we say and how?"

🛡️

Internal Defense

"Why aren't we selling more?"

⚔️

Competitive Intel

"Who else is in the room?"

Legacy tools don't solve this because:

Data is old and shallow

Fund closings, not live discussions

Tech is 2000s-era databases

Not built for real-time voice

No workflow outputs

Missing "who to call this week"

Osmosis' position: We're not a database replacement. We sit above Preqin / PitchBook / Dakota / eVestment / With Intelligence as the real-time radar.

Competitive Positioning

The Current Stack (Simplified)

For Heads of IR / Distribution / Capital Formation, the tooling world falls into four buckets:

1. Private-Markets Data Libraries

Players: Preqin, PitchBook, eVestment

Jobs: Market sizing, fundraising benchmarking, performance data, LP profiles

2. Investor Contact & Sales Intel

Players: Dakota, Ipreo, institutional CRM enrichers

Jobs: Build call lists, route coverage, track who to call

3. Media + Events-Driven Intel

Players: With Intelligence, PEI Group, Institutional Investor

Jobs: Context, networking, sponsor coverage, curated stories

4. Real-Time Allocator Voice

Category-Defining

Player: Osmosis

Jobs: "Who is talking about my strategy this week? What did they say? Who influences this decision? What do I do now?"

Osmosis is a new category (real-time allocator intelligence from disappearing data) that sits across categories 1-3, feeding them and making them more actionable.

Competitor Deep Dive

Preqin: "Home of Alternatives"

Now BlackRock's data arm | Acquired for ~$3.2B (March 2025)

History & Evolution

  • Founded 2003 as Private Equity Intelligence by Mark O'Hare and Nick Arnott
  • Initially focused on PE performance data, often sourced via FOIA
  • Expanded to full alternatives: PE, VC, hedge funds, private debt, real estate, infrastructure, natural resources, secondaries
  • Acquired Colmore (2021) for tech/admin offerings
  • ~$240M revenue in 2024, ~20% annual growth

Core Products

  • Funds, fund managers, LPs and commitments
  • Performance, fundraising, deals, benchmarks
  • Web platform + APIs + Preqin Pro dashboards

Scale Today

1,500+
Employees
200K+
Users
190K
Funds
60K
Fund Managers

Where It Falls Short

  • Retrospective: tells what happened, not what was said in yesterday's IC
  • No voice capture: no live board/IC discussions
  • Not workflow-native: great for research, weak on alerts
Battle Card

vs. Preqin

Why People Love Preqin

  • Breadth & depth: nearly every alternatives asset class
  • Brand trust: default source of truth, cited everywhere
  • Standardization: shared language for benchmarking
  • BlackRock halo: "plugged into Aladdin"

Primary Users

  • GP fundraising & strategy teams (market sizing, LP lists)
  • LPs and consultants (peer analysis, benchmarking)
  • Banks and advisors (deal comps, sponsor intel)

Our Use Line

"Preqin tells you who manages $10B. Osmosis tells you who's deploying $500M next quarter and what they said about your strategy yesterday."

Positioning: We never ask them to rip out Preqin. We position as pipeline creation vs. Preqin's reference library.

Mental model for reps:

"Preqin is the library of closed-end reality. Osmosis is the radar for what allocators are planning next."

Competitor Deep Dive

PitchBook: "Private-Markets OS"

Morningstar's star segment | $551.9M revenue (2023)

History & Evolution

  • Founded 2007 by John Gabbert in Seattle
  • Launched PitchBook Platform (SaaS) in 2009
  • Morningstar invested 2009, acquired remaining 80% in 2016 at $225M valuation
  • Q4 2024: $162.5M quarterly revenue, 12.5% YoY growth
  • ~3,000 employees globally

Core Offering

  • Companies, investors, deals, funds, LP commitments
  • Excel/PPT plugins, CRM integrations, APIs
  • Research reports, dashboards, indexes

Scale Today

100K+
Global Users
1.6M+
Deals
300K+
Investors
16.4%
License User Growth

Where It Falls Short

  • Not allocator-voice native: strong on LP commitments, weak on actual conversations
  • Update lag: web-crawled and self-reported data
  • Sales workflow gap: excellent for research, less for "who to call today"
Battle Card

vs. PitchBook

Why People Love PitchBook

  • UI and UX: more modern and intuitive than older platforms
  • Breadth + usability: millions of companies, robust filters
  • Research velocity: steady stream of reports, AI features

Primary Users

  • Deal teams (PE, VC, growth equity, corp dev)
  • Capital formation teams (LP lists, fundraising analytics)
  • Service providers (banks, law firms, consultants)
  • Increasingly LPs using allocator-focused modules

Our Use Line

"PitchBook tracks companies and funds. Osmosis tracks allocators and what they actually say—then turns that into this week's outreach."

Positioning: Keep PitchBook for company/fund view; add Osmosis for allocator voice and timing.

We highlight:
Voice Capture Knowledge Graph Seller Workflows
Competitor Deep Dive

With Intelligence: Media-Led Intel

Now S&P Global's private-markets arm | $1.8B (Oct 2025)

History & Evolution

  • Founded 1997 as Pageant Media by Charlie Kerr
  • B2B magazine/events → data subscriptions + intel
  • Brands: HFM, AltCredit, Fund Directions, Pension Bridge, Falk Marques
  • Revenue: £27.6M (2019) → £95M (FY 2024), EBITDA mid-30s
  • 3,000+ clients including 94 of top 100 asset managers

PE Trajectory

  • 2020: ICG takes control @ ~£135M EV
  • 2023-24: Motive Partners @ ~£410M EV
  • Oct 2025: S&P Global @ $1.8B (~$130M rev projected)

Why People Love It

  • Curated editorial: context, people moves, mandates
  • Community: events, awards, memberships
  • Growing data: investor/fund datasets + content

Where It Falls Short

  • No systematic meeting capture: journalistic coverage, not full-fidelity
  • Time-to-signal: stories land after key conversations
  • Limited automation: weak on CRM/inbox push
Our Use Line

"Context is useful. Winning is about timing + action. With Intelligence tells you the story. Osmosis tells you exactly what the CIO said last Tuesday."

Competitor Deep Dive

Dakota: Fundraiser-Built Contacts

"The only database built by fundraisers for fundraisers"

History & Scale

  • Founded 2006 by Gui Costin in Philadelphia
  • Focused on helping asset managers raise capital
  • Built Dakota Marketplace: LPs, GPs, companies
  • Claims $40B+ raised since inception
  • Revenue: ~$9.5M (2024), up from $6.5M (2023)
  • Nov 2025: Launched 14,000+ fund performance dataset

Why People Love It

  • Contacts that work: higher accuracy than generic B2B tools
  • Fundraiser DNA: "we're fundraisers too"
  • Price point: cheaper than Preqin/PitchBook seats

Scale

6,000+
Fundraisers Served
$40B+
Raised Since '06

Where It Falls Short

  • Static: tells who to call, not when or why now
  • No voice: no IC discussions or CIO commentary
  • Performance data early: narrower vs Preqin/eVestment
Our Use Line

"Great—you know who to call. Osmosis tells you when and why to call. We turn Dakota's static coverage into live, intent-driven outreach."

Competitor Deep Dive

Nasdaq eVestment: Consultant-Grade

Nasdaq acquired for $705M (2017) | "The data that feeds RFPs"

History & Scale

  • Founded 2000 in Atlanta
  • Initially solving data gaps for institutional due diligence
  • Global database of institutional investment strategies
  • 2023: Launched private-markets data offering

Core Offering

  • eVestment Analytics / TopQ+
  • Strategy/vehicle-level data (public + private)
  • Benchmarks, peer groups, performance analytics
  • Due-diligence tools

Market Position

2,000+
Clients
92%
Top Asset Managers
76%
Top Consulting Firms
80%
Top 20 Pensions

Where It Falls Short

  • Not for front-line: tool for analysts/consultants, not RMs
  • Lagging: by the time change shows up, decision is shaped
  • No voice layer: reported performance, not IC commentary
Our Use Line

"eVestment is the rulebook consultants use. Osmosis tells you when allocators are thinking about changing the rules—so you can shape the line-up."

Competitive Positioning

Summary Map: Keep In Your Head

Player Mental Tagline Best At Weak for Our Buyer
Preqin "Home of alternatives" Global alt data & benchmarks Timing, voice, workflows
PitchBook "Private-markets OS" Company/deal datasets + UI Allocator voice & real-time intent
With Intelligence "Media-led alts intel + events" Context, news, community Systematic capture & workflows
Dakota "Database by fundraisers" Contacts & coverage lists Real-time triggers & depth
eVestment "Consultant-grade analytics" Benchmarks & screening Sales use & real-time signals
Osmosis "Radar for allocator voice" Live IC/board/CIO → actions (New category) building brand

The giants consolidate libraries. Dakota races on contacts. No one else owns allocator voice in real time.

Osmosis

What Osmosis Actually Does

📡

Capture

Attend and ingest allocator meetings, interviews, filings in real time—ICs, boards, hearings, CIO/consultant remarks

🔍

Detect

AI detects mandates, pacing changes, policy shifts, consultant recs, competitive mentions

🗺️

Attribute & Map

Every quote speaker-attributed. Knowledge graph maps relationships across plans, consultants, managers

Automate

Watchlists, hourly alerts, daily digests with "who to call, why, what to say" + agentic workflows

Coverage: 20K allocators | $15T capital movements | 4,000+ meetings across 360 public plans | ~160 opportunities/month

~20%
Hit Rate (vs ~5% industry)
$100M+
Typical Mandate Sourced
66%+
Email Open Rates
1,000x
ROI on Platform Cost
Osmosis

Value by Persona

👔 Buyer

Head of IR / Capital Formation

  • Supercharge associates: 10 hrs/week saved = $25K/year per associate
  • Raise more, faster: $100M+ tickets → $5M at 1% over 5 yrs
  • Build credibility: "Here's the clip from last week's IC"

💼 User

Associate / RM / Analyst

  • Wow your boss: deeper, fresher intel than anyone
  • Move faster: meeting prep, lead ID, trip planning
  • Go deeper: search thousands of meetings to understand how a plan thinks

🏛️ Approver

COO / CIO / Head of Distribution

  • AI story: "This is how we're using AI to separate from the pack"
  • Headcount optionality: turbo-charge associates or free up headcount
Positioning Sentence

For Sales and IR leaders who win by being first, Osmosis captures allocator conversations, attributes every quote to the person who said it, and maps the consultant + board networks behind each decision—so your team sees the flow of capital before competitors.

Osmosis

Key Differentiators vs. All Competitors

⏱️ Time-to-Signal

Legacy
Weeks/months later
Osmosis
Within hours

📊 Signal Type

Legacy
Retrospective (closings)
Osmosis
Predictive (pacing shifts)

💾 Data Modality

Legacy
Rows, PDFs, articles
Osmosis
Voice + transcripts + KG

🎯 Actionability

Legacy
"Here's the market"
Osmosis
"Here's 3 allocators + talk track"

👥 Workflow Fit

Legacy
Research analysts & strategy teams
Osmosis
Front-line sellers, associates, IR pros via alerts, prep packs, CRM-ready workflows, digests
Osmosis

Osmosis SWOT (Dec 2025)

Strengths

  • Unique dataset: Real-time allocator conversations no one else owns
  • AI-native: Built to extract structure and push to workflows
  • Clear ROI: ~20% hit rate, $100M+ mandates = 1,000x cost
  • Category clarity: "Library vs radar" resonates

Weaknesses

  • Brand maturity: Still emerging vs. established players
  • Coverage: Limited to public source reality (gaps outside US public plans)
  • "Build vs buy": Large managers may think they can DIY

Opportunities

  • Consolidation = whitespace: Opening for independent signal engine
  • Coverage expansion: Endowments, foundations, SWFs, international
  • Deeper integrations: CRM, sales engagement, RevOps → agentic workflows

Threats

  • Incumbents marketing "faster": Even if not truly capturing voice
  • New AI entrants: Startups targeting allocator transcripts
  • Mitigation: Full-stack capture + accuracy + workflows, not just latency
Battle Cards

Quick Battle Card Reference

vs. Preqin

"Preqin tells you who manages $10B. Osmosis tells you who's deploying $500M next quarter and what they said about your strategy yesterday."

Position: pipeline creation vs. reference library

vs. PitchBook

"PitchBook tracks companies and funds; Osmosis tracks allocators and their conversations."

Highlight: voice capture + knowledge graph + workflows

vs. With Intelligence

"Context is useful. Winning is about timing + action."

Keep With for editorial/events; Osmosis operationalizes today's conversations

vs. Dakota

"Great—you know who to call. Osmosis tells you when and why to call."

Prioritization engine for Dakota lists → intent-driven outreach

vs. eVestment

"Benchmarking is table stakes. Osmosis alerts before the benchmark changes, so you can shape the line-up."

Pre-RFP, pre-consultant-memo signal

Taglines: "The mathematics of being first." | "Databases are libraries. Osmosis is your radar."

Competitive Positioning

Bringing It Home

When someone asks "Where do we sit in this world?"

"We're not trying to be a bigger database than Preqin or PitchBook. We're the real-time allocator radar that makes those databases—and your sales team—more powerful.

We capture what was said in the meeting, map who actually matters, and turn that into 'who to call, why now, and what to say' within hours."

📚

The Giants

BlackRock/Preqin, S&P/With Intel, Nasdaq/eVestment, Morningstar/PitchBook

Consolidating the library layer

📇

Dakota & Peers

Racing to be the most accurate address book

Contacts & coverage lists

📡

Osmosis

Real-time allocator voice routed into seller workflows

No one else owns this.