BlackRock Acquires Preqin to Boost Private Market Data Analytics
BlackRock's £2.55 billion acquisition of Preqin, slated to finalize by year-end, marks a significant move to bolster its capabilities in private market data analytics.
Founded two decades ago, Preqin has established itself as a key player in the private markets arena, providing critical data on 190,000 funds, 60,000 fund managers, and 30,000 investors worldwide.
Its platform supports a diverse range of users, including asset managers, insurers, pensions, wealth managers, banks, and other financial service providers.
In 2024, Preqin is projected to generate approximately $240 million in recurring revenue, reflecting a robust growth trend of around 20% annually over the past three years. This growth underscores Preqin’s ability to deliver essential insights and analytics that drive decision-making across the private markets landscape.
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By integrating Preqin’s comprehensive data and research tools into BlackRock’s Aladdin platform, the acquisition aims to enhance risk management capabilities and optimize investment workflows.
The combined strengths of Preqin and Aladdin will enable BlackRock to offer seamless integration of private markets investment processes, spanning from initial fundraising and deal sourcing to ongoing portfolio monitoring, accounting, and performance analysis.
This integration is expected to provide BlackRock with a competitive edge in navigating and maximizing opportunities within the private markets sector.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
