BlackRock’s Strategy to Revolutionize Private Markets Through Preqin Partnership

BlackRock Acquires Preqin for Private Data Expension

Larry Fink, CEO of BlackRock Inc., recently disclosed that the organization has acquired Preqin, a data provider, as a significant advancement in its expansion into the rapidly expanding private markets.

Fink underscored during a conference call with analysts and investors that the acquisition of Preqin enables BlackRock to apply indexing principles to private markets, a domain that has historically been dominated by alternative assets.

The recent acquisition of Global Infrastructure Partners for $12.5 billion has accelerated BlackRock’s commitment to alternative assets, as evidenced by the £2.55 billion deal.

The Power of Data and Analytics

BlackRock anticipates that private markets will expand substantially, with alternative assets reaching nearly $40 trillion by 2030. The significance of data-driven decision-making in the investment landscape is underscored by the recent increase in demand for data.

Fink is of the opinion that private markets are on the brink of a revolution, as data, benchmarks, and risk analytics are set to increase transparency and make them more accessible to a wider spectrum of investors.

Preqin is renowned for its comprehensive database, which encompasses fund managers, investors, and funds. It services a wide range of clients, including insurers, wealth managers, and money managers. It is anticipated that the acquisition will substantially improve BlackRock’s data analytics capabilities.

The transaction is expected to be finalized by the end of the year, subject to regulatory approvals.