Private markets move trillions of dollars
Private markets move trillions of dollars. The data infrastructure beneath them was built for a different era. Every quarter, the same capital call data leaves a GP's system, enters a fund administrator's spreadsheet, passes through an LP's inbox, gets re-keyed into a portfolio management system, and reconciled against figures that should have been identical from the start. This is not a workflow problem. It is a structural one. The ecosystem was never designed to exchange data -- it was designed to exchange documents. PMDX changes the underlying architecture. Private Markets Data Exchange is a neutral data infrastructure layer connecting GPs, LPs, Fund of Funds, and fund administrators on a single canonical network. GPs publish structured, validated data once. Every authorised participant receives it in real time -- without re-keying, without reconciliation, without delay. Neutral by design. Not neutral by policy. The industry has seen well-intentioned data initiatives fail before. They failed because the infrastructure was owned by a participant with a commercial interest in controlling it. PMDX is structured so that no single participant -- including us -- holds a position that could compromise the integrity of the rail. That is the only way shared infrastructure becomes trusted infrastructure. The network is live. Founding cohort members are operating on it now. Private Markets. Connected. -- [email protected] * www.PMDX.io