Private markets TIIC extends Theia's dynamic, multi-label classification into the private universe. Public and private companies sit in the same taxonomy, so you can compare, screen, and analyse across both without translation.
TIIC-Aligned Taxonomy
Cross-Asset Consistency
30,000+ Companies
Current Classification Gap
The economy no longer divides neatly into public and private
Companies are staying private longer. Institutional allocations to private assets keep growing. Secondaries, private credit, and direct investment platforms are making private markets more liquid every year. Yet the classification infrastructure still treats public and private as separate worlds.
01
Two Systems, No Comparability
Your public and private books speak different languages. Public holdings use one classification. Private holdings use another, or none at all beyond a self-reported sector label. Ask a basic question — what is my total portfolio exposure to AI infrastructure — and there is no clean answer. The larger your private allocation grows, the wider the blind spot.
02
Static Taxonomies
Legacy classification systems were designed decades ago. They have no native way to express battery recycling, AI inference hardware, or embedded finance as distinct activities. The economy evolves; the taxonomy does not. Private companies, often at the frontier of new industries, suffer most.
Our Solutions
Classification in Action
TIIC is a dynamic, multi-label ontology that decomposes every company across five tiers, from 10 sectors to 3,000+ micro themes. The same taxonomy applies whether a company is listed or private. The examples below show a sample of each company's top major themes.
SpaceX
The insight: Three distinct business lines in one company. A single 'Aerospace & Defense' label collapses Starlink, launch services, and interplanetary exploration into one word.
Stripe
The insight: Stripe is not just 'fintech.' It is simultaneously a payments processor, a developer platform, and an e-commerce enabler. Each dimension is captured with its real weight.
DJI
The insight: A drone company is also a camera company, a video production enabler, and an industrial inspection tools provider. One label cannot carry four business activities at once.
Use Cases
What you can do with private markets TIIC
Classification is infrastructure. What matters is what it enables.
01
Public Comparables for Private Valuation
Accurate, weighted peer sets feeding directly into your valuation workflow.
02
Deal Sourcing and Competitive Landscape Mapping
Surface private companies aligned to a live thesis and map the competitive set around them, including public incumbents.
03
Cross-Asset Indices and Portfolio Construction
Build indices and portfolios that span public and private in one coherent construction language.
04
AI-Native Search and Discovery Across Private Markets
Combine Theia’s pre-built private markets coverage with your own research and documents. One taxonomy, whether the content is ours or yours.
Who This Is For
Built for investors who operate across the capital spectrum.
Private Equity and Venture Capital
Replace manual sector tagging with a consistent, granular classification that works across your entire portfolio. Surface thematic overlaps between portfolio companies, identify white-space opportunities, and build conviction with data that goes deeper than a pitch deck.
Private Markets Data Platforms
Enrich your company database with multi-label thematic classification at five levels of depth. Offer your clients screening, peer comparison, and exposure analysis that no keyword-based system can match. TIIC integrates via flat file or API.
Multi-Asset Allocators and Pension Funds
See your public and private allocations through the same lens. Understand genuine thematic diversification across the full portfolio, and monitor how exposure shifts as private holdings grow or approach liquidity events.
Index Providers and Fund Managers
Extend thematic index methodologies into private markets with a classification system already powering public market indices at the world's largest providers. Build private markets benchmarks, thematic secondaries baskets, or cross-capital-structure products on a unified foundation.
See private markets TIIC in action
We will walk you through live examples, discuss integration, and explore how TIIC fits your private markets workflow.
Request a DemoRelated Solutions.
Combine Private Markets Classification with TIIC and TFM for a complete cross-asset thematic intelligence layer.
