iConnections vs. PitchBook
LP Relationships vs.
Deal and Company Data
PitchBook is the database for private market deal data, company information, and venture/growth equity research. iConnections is the capital introduction platform where LPs and GPs build the relationships that lead to allocations.
Different data. Different jobs. Most strong fundraising teams use both.
iConnections vs. PitchBook at a Glance
| Aspect | iConnections | PitchBook (Morningstar) |
|---|---|---|
| Core model | Year-round LP-GP capital introduction platform plus capital introduction events | Deal, company, and market data platform for private capital |
| Primary use case | LP discovery, AI matching, scheduling meetings, document sharing | Deal sourcing, company research, comp analysis, market sizing |
| Coverage focus | Allocators (LPs), fund managers (GPs), service providers in alternatives | Companies, deals, fund performance, VC/PE/M&A market data |
| AI matching | Behavioral signals, mandate data, first-party meeting data from allocators and managers active on the platform | Search filters and AI-assisted discovery on company/deal data |
| Live events | Global Alts Miami, New York, Singapore, Paris | None |
| Document sharing | Native LP-GP document workflows | Not a core feature |
| LP-GP meeting facilitation | Core platform function | Not a feature |
| Ownership | Independent, alternatives-native platform | Morningstar (acquisition announced October 14, 2016) |
| Best for | Running a fundraising pipeline: LP meetings, engagement, year-round capital introduction | Deal sourcing, market mapping, company financials, fund benchmarking |
Core model
| iConnections | Year-round LP-GP capital introduction platform plus capital introduction events |
| PitchBook (Morningstar) | Deal, company, and market data platform for private capital |
Primary use case
| iConnections | LP discovery, AI matching, scheduling meetings, document sharing |
| PitchBook (Morningstar) | Deal sourcing, company research, comp analysis, market sizing |
Coverage focus
| iConnections | Allocators (LPs), fund managers (GPs), service providers in alternatives |
| PitchBook (Morningstar) | Companies, deals, fund performance, VC/PE/M&A market data |
AI matching
| iConnections | Behavioral signals, mandate data, first-party meeting data from allocators and managers active on the platform |
| PitchBook (Morningstar) | Search filters and AI-assisted discovery on company/deal data |
Live events
| iConnections | Global Alts Miami, New York, Singapore, Paris |
| PitchBook (Morningstar) | None |
Document sharing
| iConnections | Native LP-GP document workflows |
| PitchBook (Morningstar) | Not a core feature |
LP-GP meeting facilitation
| iConnections | Core platform function |
| PitchBook (Morningstar) | Not a feature |
Ownership
| iConnections | Independent, alternatives-native platform |
| PitchBook (Morningstar) | Morningstar (acquisition announced October 14, 2016) |
Best for
| iConnections | Running a fundraising pipeline: LP meetings, engagement, year-round capital introduction |
| PitchBook (Morningstar) | Deal sourcing, market mapping, company financials, fund benchmarking |
How We’re Different
Built for Deals vs. Built for Fundraising
01
Different jobs in the fundraising stack
PitchBook shows what happened in the market: fund closes, deal pricing, valuations, and sector exposure. iConnections shows what LPs do now, using profile views, document downloads, and repeat visits to reveal live intent. PitchBook explains the market. iConnections helps you raise from it.
“Your platform is so efficient with the filtering function. I can look for targets at scale instead of prowling the internet, which would take forever and produce half as many leads.”
GP Survey
02
Deal and company data vs. LP relationship data
PitchBook delivers deep company and transaction data: financials, ownership, comps, fund performance, and sector exposure. iConnections adds the LP layer: allocator-managed profiles, strategy searches, due diligence downloads, and meeting requests that reveal live fundraising intent today.
“iConnections provides a year-round, highly efficient digital platform connecting us directly with qualified LPs for targeted discovery, meeting booking, and relationship nurturing.”
GP Survey
03
One stack, two complementary products
Most well-run fundraising operations use both. PitchBook for market intelligence: who’s investing in what, which LPs allocated to which funds, which sectors are heating up. iConnections for LP engagement: who’s on the platform, who’s viewing your profile, who’s ready to schedule a meeting.
“iConnections puts the right LPs in one place and makes it easy to have focused, pre-qualified conversations that would normally take months to set up.“
GP Survey
Where PitchBook Shines
What PitchBook Does Best
Many of our members use both. The question isn’t one or the other. It’s whether you have infrastructure to convert any conference relationship into pipeline.
Deal data depth
Company financials, transaction histories, and fund performance data. Particularly strong for VC and growth equity.
Market mapping
Sector reports, comp tables, and fund benchmarking are foundational for any IR or strategy team.
Research workflow
Built into the muscle memory of most analysts: search, filter, export, build.
How We’re Different
Different Lanes.
Used Together.
PitchBook answers: “What does the market look like? Who invested in what?”
iConnections answers: “Which LPs are actively interested in my fund, and how do I meet them?”
Deal data, company financials, fund performance, market mapping
PitchBook is built for this
A platform where LPs actively engage with your fund and request meetings
iConnections is built for this
Both: market intelligence and LP engagement infrastructure
Many fundraising teams use both
Frequently Asked Questions
Frequently Asked Questions
iConnections is the LP-GP capital introduction platform most commonly used alongside or instead of PitchBook for the fundraising motion. PitchBook excels at deal data, market research, and fund performance benchmarking. What it doesn’t provide is a two-sided platform where LPs self-manage profiles, initiate meetings, and engage with your fund year-round. iConnections is built for that layer. The two are used together: PitchBook for market intelligence, iConnections for live LP engagement.
Not directly. PitchBook is a research and data platform: it tells you about deals, companies, and fund performance. It doesn’t have an LP-facing layer. Allocators don’t manage profiles, request meetings, or download fund materials on PitchBook. For LP-facing capital introduction, you need a relationship platform like iConnections.
PitchBook provides market intelligence across deals, companies, funds, and comparable transactions. iConnections supports LP relationship development through discovery, messaging, document sharing, and meetings. Many teams may use both as part of the same fundraising workflow.
Because they solve different problems. PitchBook helps you understand the market and competitor positioning. iConnections helps you actually raise capital from LPs. The strongest IR and capital formation teams treat them as separate budget lines, not substitutes.
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