BlackRock finalised its acquisition of Preqin, integrating the private markets data provider into its operations while maintaining it as an independent offering. 

This move enhances BlackRock’s ability to deliver comprehensive investment solutions by combining Preqin’s extensive private markets intelligence with Aladdin and eFront’s analytics and workflow capabilities. Meet and hear more from BlackRock at the Swiss Private Equity Conference in Zurich. 

Preqin will continue to operate independently, ensuring clients receive the same level of service and expertise. However, BlackRock plans to leverage synergies between its platforms and Preqin’s proprietary data, offering joint clients immediate integrations, such as access to Preqin benchmarks within Aladdin and eFront. Over time, the firm aims to develop a unified investment framework to bridge the transparency gap between public and private portfolios.

The acquisition brings Preqin’s 1,600 employees into BlackRock’s global workforce, with Preqin’s founder, Mark O’Hare, joining as Vice Chairman. His leadership and expertise in private markets data will further strengthen BlackRock’s expansion in the sector.

As institutional and retail investors increasingly allocate capital to private markets, access to high-quality data and analytics is more critical than ever. BlackRock’s acquisition of Preqin underscores its commitment to enhancing transparency and providing investors with better tools to navigate alternative investments.