AI legal technology company Harvey is expanding its footprint in private markets with the acquisition of Benchmark, a New York-based decision-infrastructure platform that helps asset managers capture and apply institutional investment knowledge.

The deal gives Harvey a new tool to preserve the expertise built over years of investment decisions, allowing firms to turn past deals, research, and internal analysis into a reusable resource throughout the investment process. Harvey said the acquisition strengthens its asset management offering by extending its capabilities from due diligence and document review into earlier-stage investment decisions and portfolio strategy.

Benchmark co-founders Alec Dunn and Connor Janson, along with the company’s team, will join Harvey’s product and engineering organization as part of the acquisition, according to the company.

Harvey said it currently works with more than 50 asset managers, including Blue Owl Capital, Bridgewater Associates, and KKR, supporting workflows such as due diligence, data room analysis, and transaction document review. With Benchmark’s technology, Harvey said customers will be able to use AI tools across a broader portion of the investment lifecycle, from initial opportunity screening to investment committee preparation.

Benchmark’s platform is used by firms managing more than $2 trillion in assets. The company, which was backed by Y Combinator and Outsiders Fund, was built around the idea that investment firms often hold valuable knowledge from previous transactions but lack a system for capturing and deploying that intelligence at scale.

"We started Benchmark because a firm’s edge lives in the deals it has already seen, and too much of that knowledge stays trapped in folders and in people’s heads," Benchmark’s founders said in a statement. "Harvey is one of the best application layer companies in the AI space, and we already have shared customers, so this is a natural fit."

The acquisition marks Harvey’s third deal of 2026 and comes after a strong second quarter for the company, during which Harvey added more than $100 million in net-new annual recurring revenue. 

The company has increasingly targeted financial services firms as AI adoption accelerates across private equity, asset management, and investment banking.

"When we asked our asset management customers which tools they trusted, Benchmark came up in nearly every conversation," Harvey CEO Winston Weinberg said. "Benchmark is built on a conviction we share: a firm’s edge is its institutional knowledge, and AI should help firms capture that knowledge and apply it."

The acquisition reflects a broader race among AI companies to become embedded in high-value financial workflows. As private market firms manage increasingly complex investment decisions, companies are looking beyond automation of individual tasks and toward AI systems that can replicate and scale institutional expertise.

Harvey said the two companies are developing a transition plan to maintain service continuity for Benchmark’s existing customers. The company also highlighted shared priorities around security and compliance as it integrates Benchmark’s technology into the broader Harvey platform.

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