# Bloomberg LP

Bloomberg LP is a Financial technology, data, software, and media based in New York, United States.

## Overview

- **Organization type:** Financial technology, data, software, and media
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 1981
- **Assets under management:** Undisclosed
- **Website:** bloomberg.com
- **LinkedIn:** https://www.linkedin.com/company/bloomberg

## Regulatory record

- **Reports private funds:** No

## About

Michael Bloomberg co-founded Bloomberg LP in 1981 after being fired from Salomon Brothers during the firm's merger with Phibro. The original product, the Bloomberg Terminal, provided real-time market data and analytics to institutional investors. Bloomberg's wealth originates from his majority ownership of the company, which he has never diluted through public markets. Bloomberg LP's core business remains terminal subscriptions, which account for the majority of its estimated $11 billion in annual revenue. The company has expanded into enterprise software, news (Bloomberg News), radio, and data services (Bloomberg Data). Its venture arm, Bloomberg Beta, was launched in 2013 as a $75 million early-stage fund focusing on enterprise software and AI. The firm operates globally with offices in London, Hong Kong, Singapore, and Tokyo. Bloomberg Beta is the primary investment vehicle for deploying Bloomberg capital outside the core terminal business. The firm does not disclose AUM for its balance sheet investments. In 2024, Bloomberg Beta backed companies including AI-powered legal research platform Casetext and data infrastructure startup Monte Carlo. Bloomberg Philanthropies, separately managed, has committed over $13 billion to climate change mitigation and public health since 2010. A structural differentiator is Bloomberg's ownership model: Michael Bloomberg owns roughly 88% of the company, with the remainder held by minority investors from the 1981 Merrill Lynch partnership. This concentration lets him direct profits toward philanthropic and political spending without shareholder pressure, a rare degree of operational independence for a firm of this size.

## Sectors

- Enterprise Software
- Financial Services
- Media & Entertainment

## People

- Michael Bloomberg — Co-founder and Majority Owner

## Questions

### Who controls investment decisions at Bloomberg LP?

Michael Bloomberg, as majority owner and co-founder, retains final authority over capital allocation. Day-to-day investment decisions at Bloomberg Beta are led by managing partners Roy Bahat and James Cham, who operate the venture arm independently within Bloomberg LP's structure.

### How does Bloomberg LP source proprietary deal flow?

Bloomberg Beta sources deals through its network of Bloomberg Terminal subscribers and internal Bloomberg engineering teams. The fund positions itself as an 'operationally focused' institutional lead investor that provides portfolio companies with access to Bloomberg's data and distribution channels.

### Which sectors does Bloomberg LP explicitly avoid?

Bloomberg LP does not invest in active asset management, hedge funds, or leveraged buyouts. Bloomberg Beta explicitly excludes cryptocurrency and DeFi from its mandate, per public statements.

### How is Bloomberg Beta related to Bloomberg LP?

Bloomberg Beta is a wholly owned venture capital subsidiary of Bloomberg LP. Its capital comes from Bloomberg LP's balance sheet, but the team operates independently with its own investment committee. Bloomberg Beta does not manage capital for external LPs.

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Last updated: 2026-06-03T20:00:00.000Z

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