Morningstar, Inc. engages in the provision of investment research. It offers Morningstar data, direct, investment management, advisor workstation, workplace solutions, pitchbook data, enterprise components, research, credit ratings and indexes. It operates through the following segments: Morningstar Direct Platform, PitchBook, Morningstar Credit, Morningstar Wealth, and Morningstar Retirement. The Morningstar Direct Platform segment provides investors comprehensive data, research and insights, and investment analysis to empower investment decision-making. It includes product areas such as Morningstar Data, Morningstar Direct, and Morningstar Advisor Workstation. The PitchBook segment provides investors access to data, proprietary research, analytics, and AI-enabled software across private capital markets, including venture capital, private equity, private credit, bank loans, and M&A. The platform offers access to Morningstar’s public-equity data and research. The Morningstar Credit segment provides investors with credit ratings, research, data, and credit analytics solutions. Morningstar Credit includes the Morningstar DBRS product area and the Morningstar Credit data and credit analytics product areas. The Morningstar Wealth segment provides investment products, investor tools, and an advisor platform powered by research and data. Morningstar Wealth serves financial advisors through model portfolios, separately managed accounts, and an advisor platform powered by research and data, and individuals through Morningstar Investor. The Morningstar Retirement segment offers products designed to help individuals reach their retirement goals. The company was founded by Joseph D. Mansueto on May 16, 1984, and is headquartered in Chicago, IL.