FactSet and Arcesium Debut Tech To Unite Front, Middle, and Back Office Workflows for Asset Owners and Managers

Rhea-AI Summary

FactSet (NYSE:FDS) and Arcesium announced a strategic partnership on December 3, 2025 to deliver an end-to-end investment management platform that unifies front, middle, and back office workflows across public, private, and alternative markets.

The cloud-native solution combines FactSet analytics with Arcesium IBOR/ABOR and reference data to create a single source of truth for due diligence, portfolio monitoring, accounting, and compliance. FactSet cited private credit fundraising of $198B (2023), $210B (2024), and $124B in H1 2025, and said mega-managers now capture 46% of capital while representing less than 3% of managers.

Positive

• Private credit fundraising reached $210B in 2024
• $124B raised in private credit in H1 2025
• Unified front/middle/back office platform available at launch

Negative

• Regulatory compliance costs have doubled over the past decade
• Industry concentration: mega-managers hold 46% of capital

News Market Reaction

+0.31%

1 alert

+0.31% News Effect

On the day this news was published, FDS gained 0.31%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Private credit fundraising 2023: $198 billion Private credit fundraising 2024: $210 billion Private credit H1 2025: $124 billion +5 more

8 metrics

Private credit fundraising 2023 $198 billion FactSet data on private credit, 2023

Private credit fundraising 2024 $210 billion FactSet data on private credit, 2024

Private credit H1 2025 $124 billion FactSet data on private credit, first half 2025

Mega-manager capital share 46% of capital raised FactSet data on private capital industry concentration

RSU tax withholding 731 shares at $278.28 Chief Legal Officer RSU vesting tax withholding on Dec 2, 2025

Baron Capital ownership 1,819,059 shares (4.81%) Schedule 13G/A passive stake in FactSet common stock

Insider open-market buy 500 shares at $252.93 EVP & Chief Revenue Officer purchase on 11/06/2025

Short interest 5.62% of float Reported short position in shares outstanding

Market Reality Check

Price: $288.60 Vol: Volume 606,033 versus 20-...

low vol

$288.60 Last Close

Volume Volume 606,033 versus 20-day average of 889,314 indicates relatively muted trading ahead of this news. low

Technical Shares at $291.55 are trading below the 200-day MA of $380.62, reflecting a pre-existing longer-term downtrend.

Peers on Argus

Peers showed mixed moves: TRU up 1.55%, MORN down 1.64%, while CBOE, MSCI, and N...

Peers showed mixed moves: TRU up 1.55%, MORN down 1.64%, while CBOE, MSCI, and NDAQ gained between 0.42% and 1.95%. This contrasts with FDS’s modest 0.22% rise, suggesting a company-specific story.

Common Catalyst Peer headlines for CBOE and NDAQ center on monthly trading volume disclosures and investor outreach, while FactSet’s news focuses on a new front-to-back investment workflow partnership.

Historical Context

5 past events · Latest: Dec 04 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 04	Cloud partnership	Positive	+4.2%	Amazon Quick Research integration to streamline enterprise AI research workflows.
Dec 03	Tech partnership	Positive	+0.3%	Strategic partnership with Arcesium to unify front, middle, back office workflows.
Nov 20	Earnings scheduling	Neutral	+2.3%	Announcement of timing and access details for Q1 2026 earnings call.
Nov 06	Dividend declaration	Positive	-2.9%	Board approval of regular quarterly cash dividend of $1.10 per share.
Oct 15	Investor forum	Neutral	-0.6%	Announcement of 2025 APAC Buy-Side Forum series across four cities.

Pattern Detected

Recent FactSet news and corporate actions have produced both positive and negative one-day reactions, with no consistent pattern around routine items like dividends or events.

Recent Company History

Over the last few months, FactSet highlighted several strategic and corporate milestones. On Oct 15, it promoted its 2025 APAC Buy-Side Forum. A regular quarterly dividend of $1.10 per share was declared on Nov 6. An earnings call for Q1 FY 2026 was scheduled on Nov 20. On Dec 3, FactSet announced this Arcesium front-to-back office partnership, followed by a cloud-focused collaboration with Amazon Quick Research on Dec 4.

Market Pulse Summary

This announcement detailed a strategic partnership between FactSet and Arcesium to unify front, midd...

Analysis

This announcement detailed a strategic partnership between FactSet and Arcesium to unify front, middle, and back office workflows across public, private, and alternative assets. FactSet highlighted rapid growth in private credit, citing fundraising of $198B in 2023, $210B in 2024, and $124B in H1 2025. Investors may track how this end-to-end platform complements earlier cloud and AI initiatives, along with ongoing dividend payments and scheduled earnings updates.

Key Terms

investment book of record, accounting book of record, restricted stock units, employee stock options, +4 more

8 terms

investment book of record financial

"including IBOR (Investment Book of Record), ABOR (Accounting Book of Record)"

A investment book of record is the central, day-to-day ledger that shows an investment manager’s official holdings, cash balances and executed trades. It matters to investors because it is the authoritative snapshot used for risk checks, performance measurement, regulatory reporting and ensuring trades settle correctly — like a company’s master inventory that everyone relies on to run operations smoothly and avoid costly errors.

accounting book of record financial

"including IBOR (Investment Book of Record), ABOR (Accounting Book of Record)"

The accounting book of record is the company’s official ledger where all financial transactions are collected, verified and stored as the authoritative source for preparing reports and taxes. Investors care because it is the single “source of truth” that auditors and regulators rely on; errors or gaps in this record can change reported profits, cash position and legal compliance, much like discovering mistakes in a household’s primary checkbook can alter the true budget picture.

restricted stock units financial

"shares of common stock were withheld at $278.28 per share to cover taxes due upon the vesting of RSUs"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

employee stock options financial

"was granted 5,973 employee stock options at an exercise price of $264.57 per share"

Employee stock options are contracts that give workers the right to buy a company's shares at a set price sometime in the future, like a coupon that lets you purchase stock at today’s price later on. Investors care because they align employees’ incentives with company performance and create a potential future claim on shares that can reduce existing owners’ percentage and add to a company’s reported compensation costs.

schedule 13g regulatory

"filed Amendment No. 19 to Schedule 13G reporting their passive stake"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

beneficial ownership financial

"The filing shows beneficial ownership of 1,819,059 shares, representing 4.81% of the common stock"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

shared voting power financial

"0 shares with sole voting or dispositive power, 1,788,146 with shared voting power"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

dispositive power financial

"0 shares with sole voting or dispositive power, 1,819,059 with shared dispositive power"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

AI-generated analysis. Not financial advice.

Amid Industry-Wide Battle Against Opacity, FactSet and Arcesium Deliver End-to-End Unification of Asset Management Lifecycle Across Public, Private, and Alternative Markets

NORWALK, Conn., Dec. 03, 2025 (GLOBE NEWSWIRE) -- FactSet (NYSE:FDS) (NASDAQ:FDS), a global financial digital platform and enterprise solutions provider, and Arcesium, a leading global financial technology firm for the investment industry, today announced a strategic partnership to deliver a unified investment management offering designed to seamlessly integrate front, middle, and back office asset management workflows across public, private, and alternative markets. This partnership addresses the growing demand for solutions that unify workflows, connect fragmented data, and enable firms to navigate the increasing complexity of modern investing.

“Feedback from our clients across the industry consistently highlights data fragmentation as the leading operational challenge facing asset managers today, with some estimates showing that regulatory compliance costs for global asset managers have doubled over the past decade,” said David Mellars, SVP, Senior Director, Middle Office Product Management at FactSet. “These pressures are driving significant changes in how firms approach both innovation and everyday operations, and FactSet’s partnership with Arcesium is in direct response. Combatting fragmentation and unifying the entire deal lifecycle, inclusive of back office accounting solutions, is an essential step for the industry, especially as capital markets rapidly evolve, regulations shift, and competition intensifies across asset classes. This is more than an integration; it’s a shift toward connected capital, where data, technology, and innovation converge to redefine the future of investing.”

Integrating analytics engines, data pipelines, and AI-powered workflows, this end-to-end solution enables deeper due diligence, and streamlined portfolio monitoring and reporting across asset classes. Buy-side teams can efficiently ingest, model, and analyze diverse asset types—including illiquid and bespoke investments—yielding a "single source of truth" for investment and compliance teams.

Comprehensive Coverage Across All Asset Classes:
Rather than focusing primarily on public markets or requiring disparate systems for private and alternative assets, the FactSet-Arcesium solution is purpose-built to provide seamless integration of workflows across public, private, and alternative asset classes, ensuring unified operations and reporting.

For asset owners and managers—including pension funds, family offices, and hedge funds—the convergence of public and private markets is accelerating dramatic shifts in capital allocation and industry competition. FactSet data illustrates that private credit has become a standout segment, with record fundraising climbing from $198 billion in 2023 to $210 billion in 2024, and $124 billion raised in just the first half of 2025, according to FactSet estimates. Industry concentration is escalating: FactSet data indicates that mega-managers now secure 46 percent of capital raised, despite representing less than 3 percent of the managers, intensifying competition for high-quality assets.

As global private capital continues to grow, asset owners and managers must contend with rising data and transparency demands, and increasingly complex portfolios, a challenge addressed by unified solutions like FactSet and Arcesium’s partnership, enabling smarter navigation of today’s multi-asset landscape.

Truly End-to-End Platform: Front, Middle & Back Office Connected
By leveraging FactSet’s global data infrastructure and Arcesium’s cloud-native technology, the partnership delivers superior data consistency and advanced analytics within a flexible, interoperable platform, uniquely addressing the challenge of integrating critical middle and back-office functions, such as accounting and compliance, that have historically been underserved or siloed. This empowers asset managers to streamline operations, automate processes, and adapt rapidly to evolving regulatory demands without vendor lock-in.

“Integrating Arcesium's comprehensive post-trade platform with FactSet's robust investment analytics has significantly enhanced our operational efficiency. This seamless integration allows us to streamline portfolio management, improve performance analytics workflows, and make more informed investment decisions," commented Neal J. Wilson, Co-Chief Executive Officer and Co-Chief Investment Officer, EJF Capital.

This platform combines FactSet’s advanced front and middle-office analytics and portfolio management tools with Arcesium’s proven back-office technology, including IBOR (Investment Book of Record), ABOR (Accounting Book of Record), and Reference Data solutions. By bridging the gap between public and private assets, the platform delivers a single source of truth that simplifies processes, enhances transparency, and accelerates decision-making.

“In an increasingly complex and interconnected financial landscape, firms require sophisticated, unified solutions to navigate evolving market dynamics and regulatory demands,” said Mahesh Narayan, SVP, Head of Commercial Partnerships at Arcesium. “By combining Arcesium's deep operational and data management capabilities, including our UBOR and Aquata platforms, with FactSet's comprehensive front-office suite, we are delivering a truly holistic and future-proof solution. This partnership will enable our clients to achieve unprecedented levels of data integrity, accelerate their data strategies, and unlock new growth opportunities across all asset classes.”

For more information about this end-to-end solution from FactSet and Arcesium, register for this webcast, hosted by Cutter Associates: https://info.cutterassociates.com/newsmaker-a-first-look-at-the-factset-arcesium-collaboration-for-the-buy-side.

About FactSet
FactSet (NYSE:FDS | NASDAQ:FDS) supercharges financial intelligence, offering enterprise data and information solutions that power our clients to maximize their potential. Our cutting-edge digital platform seamlessly integrates proprietary financial data, client datasets, third-party sources, and flexible technology to deliver tailored solutions across the buy-side, sell-side, wealth management, private equity, and corporate sectors. With over 47 years of expertise, a presence in 20 countries, and extensive multi-asset class coverage, we leverage advanced data connectivity alongside AI and next-generation tools to streamline workflows, drive productivity, and enable smarter, faster decision-making. Serving approximately 9,000 global clients and over 237,000 individual users, FactSet is a member of the S&P 500 dedicated to innovation and long-term client success. Learn more at www.factset.com and follow us on X and LinkedIn.

About Arcesium
Arcesium is a global financial technology company delivering pre- and post-investment and enterprise data management solutions to some of the world’s most sophisticated financial institutions, including private market firms, hedge funds, and institutional asset managers. Expertly designed to achieve a synchronized golden source of data throughout a client’s ecosystem, Arcesium’s cloud-native technology is built to systematize the most complex workflows and help clients achieve scale.

Today, Arcesium services over $5.3 trillion in gross AUM and over $1.2T in sell-side capital balances and has modelled over 160+ million investments to date. Arcesium was built from a platform developed and tested by investment and technology development firm, the D. E. Shaw group, and launched as a joint venture with Blackstone Multi-Asset Investing. J.P. Morgan, another large client, later made a strategic investment in the company, helping Arcesium further its mission: to power the entire investment lifecycle. Arcesium currently has a staff of over 2,300 software engineering, accounting, operations, and treasury professionals. For more information about Arcesium and its capabilities, visit www.arcesium.com and follow the firm on LinkedIn.

Investor Relations:
Kevin Toomey
+1.212.209.5259
Kevin.Toomey@factset.com

Media Relations:
Kelsey Goldsmith, FactSet
+1.207.712.9726
Kelsey.Goldsmith@factset.com

Danielle Meyer, on behalf of Arcesium
+1 513-646-2648
Danielle.Meyer@aspectusgroup.com

FAQ

What did FactSet (FDS) and Arcesium announce on December 3, 2025?

They announced a strategic partnership to deliver an end-to-end platform unifying front, middle, and back office workflows across public, private, and alternative assets.

How does the FactSet-Arcesium platform affect accounting for asset managers?

The platform integrates Arcesium IBOR and ABOR with FactSet analytics to streamline accounting, reconciliation, and compliance reporting.

What private credit fundraising figures did FactSet cite in the announcement?

FactSet cited private credit fundraising of $198B in 2023, $210B in 2024, and $124B in H1 2025.

Which asset types does the FactSet-Arcesium solution cover for buy-side firms?

It covers public, private, and alternative assets, enabling unified workflows for illiquid and bespoke investments.

Will the FactSet-Arcesium solution improve data consistency for investors?

Yes; the partnership combines FactSet's global data infrastructure with Arcesium's cloud-native technology to create a single source of truth for investment and compliance teams.