Morningstar is a provider of independent investment research in North America, Europe, Australia, and Asia. Co. provides a variety of products and solutions that serve market participants of all kinds, including individual and institutional investors in public and private capital markets, financial advisors, asset managers, retirement plan providers and sponsors, and issuers of securities. Co.'s primary products and services include: PitchBook, which provides data and research covering the private capital markets; DBRS Morningstar, which is a credit rating agency; and Morningstar Data, which provides institutions with access to a range of investment data spanning various databases.