Clearwater Analytics to acquire Bistro from Blackstone for $125m.

Clearwater Analytics, a software-as-a-service fintech company, agreed to acquire Bistro, a proprietary portfolio visualization software platform, from Blackstone, an alternative asset manager, for $125m. “Technology is critical to everything we do, including how we interface with key investors who are broadening their exposure to private credit assets. We built the Bistro platform to address a need we saw in the market both for ourselves and our clients to have a more advanced credit portfolio insights platform. Clearwater has an exciting opportunity to continue evolving this core infrastructure platform for the credit asset management industry and we look forward to helping them build something that creates enduring value,” John Stecher, Blackstone Chief Technology Officer.