MSCI announced its financial results for the three months ended March 31, 2024.
Its private assets operating revenues, which reflect the real assets and private capital solutions operating segments, were $64.2 million, up 66 percent, and included $24.2 million of revenue from private capital solutions. The remaining growth in revenue was primarily driven by growth from recurring subscriptions related to Index Intel products and favorable foreign currency exchange rate fluctuations, partially offset by a decrease in recurring subscriptions related to MSCI’s Property Intel product. Organic operating revenue growth for all other private assets was 2.6 percent.
The firm’s private assets run rate, which reflects the real assets and private capital solutions operating segments, was $254.4 million as of March 31, 2024, up 71.4 percent, and included $101 million associated with private capital solutions. The remaining growth in the run rate was primarily driven by Index In