Why Morningstar's CEO bet big on PitchBook before private markets took off

Summary

One of Kunal Kapoor's first major decisions as Morningstar CEO was a bet on private markets — before they became a mainstream investment focus. Morningstar spent another $185 million to acquire PitchBook, despite skepticism surrounding the deal. Kapoor tells CNBC's Steve Sedgwick how the acquisition helped transform Morningstar from a business primarily known for investment research into a broader financial data company. Watch the full episode of Executive Decisions with Steve Sedgwick wherever you get your podcasts.

Description from CNBC.