Morningstar Acquires CRSP from University of Chicago for $365 Million

February 5, 2026

Morningstar, Inc. completed its $365 million acquisition of the Center for Research in Security Prices (CRSP) from the University of Chicago, adding CRSP Market Indexes and historical research data to Morningstar Indexes. The deal expands Morningstar's index and data capabilities—bringing benchmarks tied to more than $3 trillion in U.S. equities—and preserves a continued relationship with Vanguard to use the CRSP indexes for several Vanguard funds.

Buyers
Morningstar, Inc.
Targets
Center for Research in Security Prices (CRSP)
Sellers
University of Chicago
Industry
Data & Analytics
Location
Illinois, United States
Transaction Type
Buyout

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