BlackRock, the world’s largest asset manager with $10.5 trillion in assets under management, has recently acquired Preqin, a London-based private market data and analytics provider, in a deal valued at $3.2 billion. This acquisition positions BlackRock to capitalize on the rapidly growing private markets, projected to reach $40 trillion by 2030 according to EY. Preqin’s extensive data, covering 190,000 funds, 60,000 fund managers, and 30,000 private-market investors, will be integrated into BlackRock’s Aladdin platform by the end of 2024, providing greater transparency and accessibility to private market investments. BlackRock CEO Larry Fink highlighted the transformative potential of this acquisition, emphasizing plans to index the private markets, develop benchmarks, and create ETFs, mirroring the evolution seen in public markets. This strategy aims at democratizing private market investments, making them more accessible to retail investors and offering new revenue opportunities for BlackRock.

Asset Management, Financial Data and Analytics, Private Markets,United States, United Kingdom