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Equifax
Founded in 1899 as the Retail Credit Company, Equifax spent its first century building one of the three major US credit reporting databases before expanding...
Equifax
Founded in 1899 as the Retail Credit Company, Equifax spent its first century building one of the three major US credit reporting databases before expanding into workforce analytics and wealth segmentation. Mark Begor, a former GE Capital executive, has led the firm since 2018, overseeing a recovery from the 2017 cybersecurity breach that exposed the personal data of 147 million consumers. The firm operates through three main segments: Workforce Solutions, which verifies income and employment data; US Information Solutions, which sells credit reports and marketing lists; and International, covering 24 countries. The company's own corporate pension fund invests in private markets, with a disclosed focus on secondaries and special situations. Equifax's commercial strategy not an investment fund, but the firm's pension plan participates in alternatives alongside the Equifax Foundation, which held roughly $20 million in net assets as of its most recent public filing. The foundation makes grants and program-related investments, while the pension fund allocates to private equity secondaries — a strategy that buys LP stakes from investors seeking early liquidity, typically at a discount to net asset value. Confirmed holdings are not publicly available, though the firm's investments track toward fintech infrastructure and enterprise data businesses that align with its core commercial capabilities. Geographically, Equifax maintains corporate and foundation investment operations across North America and Australia. The firm operates five primary office locations, including its global headquarters at 1550 Peachtree Street in Midtown Atlanta, where it anchors the local business community as a member of the Midtown Alliance. Chad Borton, who previously served as President of SoFi Bank, now runs Workforce Solutions — the fastest-growing Equifax unit, which posted $2.3 billion in revenue in 2024. The financial services industry accesses Equifax wealth data through the IXI Network, an exclusive member-based consortium of banks and asset managers. The foundation maintains a separate governance structure from the corporate pension committee, with no overlapping investment staff identified. September 2024: Equifax completed its acquisition of Brazil-based credit bureau Boa Vista Serviços for approximately $560 million to expand international data operations (per the firm, September 2024). Equifax is a publicly traded corporation rather than a family office or endowment, but its internal capital structure operates like a hybrid — the pension fund pursues secondaries strategies that the commercial side would never touch, and the foundation allocates to mission-aligned private investments. The firm's 125-year data archive, which now includes verified income streams from 3 million employers, gives its investment teams an asymmetric view of consumer credit health that no outside allocator can replicate. CEO Mark Begor also sits on the board of Raymond James Financial, creating an additional channel into wealth management distribution.
General information
Firm type
Pension Fund
Year founded
1899
Location
Region
North America
Country
United States
City
Atlanta
Corporate office
1550 Peachtree St NW, Atlanta, GA 30309, United States
Additional offices
Alpharetta, GA · St. Louis, MO · Toronto, Canada · North Sydney, Australia
Principals
Mark W. Begor
Chief Executive Officer
John Gamble
Chief Financial Officer
Chad Borton
Executive Vice President and President of Workforce Solutions
Sector focus
Frequently asked questions
Does Equifax operate as an asset manager or is it purely a data company?
Equifax is primarily a publicly traded data and analytics company, but it runs internal investment operations through two channels: a corporate pension fund that allocates to private equity secondaries, and the Equifax Foundation, which makes grants and program-related investments. Neither structure is open to outside LPs. The pension fund functions as a captive institutional allocator, with no external fundraising or reporting obligations beyond standard ERISA disclosures.
How does Equifax's commercial data advantage affect its internal investment decisions?
Equifax's Workforce Solutions unit verifies income and employment data for 3 million employers, giving the firm real-time visibility into consumer credit health across the US. The investment team can observe repayment trends and labor-market shifts before they appear in public data. While the pension fund operates independently from the commercial data operation, the informational overlap represents a structural advantage not available to conventional allocators.
What is the IXI Network and does it involve any co-investment activity?
The IXI Network is an exclusive member-based service through which Equifax provides anonymized wealth and asset segmentation data to financial services firms — banks, asset managers, and wealth advisors use it to identify prospective clients. It is a commercial data product, not an investment club or co-investment vehicle. Members do not pool capital or share deal flow, though network participants include many institutional allocators who use the data independently.
Who oversees investment decisions at the Equifax pension fund?
Investment decisions are managed through the corporate treasury function under CFO John Gamble, who reports to CEO Mark Begor. Equifax does not publicly name a dedicated CIO for the pension plan. The foundation has a separate board and grant-making committee, with no public listing of investment staff. The pension fund's secondaries strategy is executed through external GPs rather than direct deal teams.
How is the Equifax Foundation separated from the corporate investment operations?
The Equifax Foundation operates as an independent 501(c)(3) entity with its own board of directors and grant-making procedures. Its net assets stood at approximately $20 million per the most recent public filing. The foundation focuses on community development and financial literacy programs, while the corporate pension fund pursues a return-maximizing secondaries strategy. There is no evidence of overlapping personnel or commingled capital.
What investment stages and asset classes does Equifax's pension fund target?
The pension fund's disclosed strategy focuses on private equity secondaries — purchasing LP stakes in existing private equity funds from investors seeking early liquidity. This strategy typically involves mature fund interests diversified across vintage years and sectors rather than direct startup or growth-stage investing. Equifax has not publicly disclosed specific fund commitments, nor does it appear to participate in direct co-investments or primary fundraises.
What is Equifax's relationship to Raymond James Financial?
Equifax CEO Mark Begor serves on the board of directors of Raymond James Financial, a diversified financial services company with wealth management, capital markets, and asset management operations. The relationship does not represent a formal investment partnership, but it creates a governance link between one of the US's largest data bureaus and a firm that manages over $1 trillion in client assets. No Equifax capital is publicly known to be managed by Raymond James.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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