Preqin Finds a New Aladdin
BlackRock has completed the acquisition of private markets data provider, Preqin, in a move that puts the global investment behemoth in a commanding position to support its clients across all markets. With Aladdin and eFront already part of the BlackRock platform, the addition of Preqin, which is expected to be integrated into both over time, is a wish come true for BlackRock’s investors, as they seek greater transparency and benchmarking capabilities within their private markets portfolios.
