eFront’s Post

BlackRock's $3.2 billion acquisition of Preqin marks a significant expansion into the alternative investment space, where they have traditionally played a modest role. This strategic move showcases BlackRock's ambition to dominate private markets by harnessing Preqin's extensive data and analytics capabilities. A few takeaways:   A. Previously seen as an independent and unbiased data source, there are concerns about whether Preqin's integration into a massive firm like BlackRock will affect its objectivity. B. As BlackRock strengthens its presence, the demand for comprehensive data solutions will rise, potentially driving innovation and elevating industry standards. C. For financial professionals such as advisors and investment managers, staying ahead means embracing data-driven approaches and investing in cutting-edge technology to navigate the complexities of private markets while monitoring the evolving landscape of data integrity. For more details, you can read the full article on Bloomberg. #privatemarkets #secondaries #AlternativeInvestments

BlackRock is buying UK data firm Preqin for $3.23 billion in cash. This move expands BlackRock's presence in the private markets data segment. The acquisition will enhance BlackRock's Aladdin tech business by integrating data, research, and investment processes for fund managers. Aladdin is a portfolio management software used by investment professionals. Preqin will remain available as a standalone solution. Preqin is expected to generate $240 million in recurring revenue in 2024, growing 20% annually over the past three years. Founded in 2003, Preqin specializes in data about the alternative investment industry and has subscribers in over 90 countries. Preqin's founder, Mark O'Hare, will join BlackRock as a vice chair after the deal closes. #markets #banks #investing

📢 BlackRock Acquires Preqin for $3.2 Billion ⏺ Preqin specializes in providing data and analytics covering alternative assets including private equity and hedge funds. ⏺200,000 users with global data coverage across 190,000 funds, 60,000 fund managers and 30,000 private markets investors. ⏺20 per cent annual revenue growth over the past three years ⏺Blackrock is paying 13 times Preqin’s expected 2024 annual recurring revenue of $240 million 😲 Why This Matters: ➡ Feed the Machine: Advanced AI models need large/novel datasets and we will continue to see specialized data providers snapped up as the industry continues to Aggregate, Analyze and Automate(AAA) ➡ Healthy Valuation: The premium paid(13x) reflects the crucial role of granular and specialized financial datasets in modern asset management ➡Growing Market: Private markets data is an $8 billion total addressable market, growing at 12% annually, and expected to reach $18 billion by 2030. ➡Strategic Integration: Integrating Preqin with BlackRock’s Aladdin and eFront platforms will enhance transparency and efficiency in private markets. Key Takeaway: BlackRock’s move deeper into the financial data and analytics business demonstrates the growing value of unique, granular financial datasets, as investors compete to drive better investment outcomes and service the unique needs of their global clients. 🔗 Read more about the acquisition here: https://lnkd.in/eSwPbqaV #Finance #Investing #PrivateMarkets #DataAnalytics #BlackRock #Preqin #MergersAndAcquisitions #AlternativeAssets

Big move and interesting strategy to tap into the private side

BlackRock makes a significant move in the financial sector by acquiring Preqin for $3.2 billion, signaling a strong commitment to expanding its presence in alternative assets. This acquisition underscores the growing importance of private markets, identified as the fastest-growing segment in asset management. #BlackRock #Preqin #Finance #AssetManagement #PrivateMarkets

Energy and LIFEcare smart investments from Short, Middle and Long Term perspective. Also a wake-up call for BioPharma companies to change: -Build up capabilities around digital, data and analytics as well as ecosystem partnering -Transform their value chain, in particular R&D and commercial operations -Reinvent their business models to sustain success in LIFEcare systems -Resolve ongoing disruption of healthcare, where significant challenges and opportunities are arising. In the future , healthcare expect be centered around human needs, and will be personalized, digitized and preventive, with many solutions integrated into daily life. To seize the opportunities created by these changes, healthcare stakeholders will need a much deeper understanding to be able to deliver in a more adapted and personalized manner. The convergence of health and wellbeing presents an opportunity.

Hi highly respected BlackRock CEO and Chairman Larry Fink. Your "innovate constantly" expression means the prevailing public and private equity FM trends recognition from database chaos by the common sense of qualitative logistic involves the several hundred variable is mostly qualitative while existed technologies named analytics are not predictive strategically. Are there innovative ways in investments improvement improving gross annual profit (gap)? I am sure your human resources in recognition process is on the top of saturations and feasible possibilities. Technologies contribute its part has no limitation taking care about the hidden innovation, I derived scientifically from the investment mechanism the causation and predictive Dynamic Economic Principle.(DEP). It produces answer to the question whether technology is the real or fake. It is a tiny scientific step I am sharring towards progress you are searching always

🚨 Breaking News! 🚨 BlackRock's recent acquisition of Preqin is shaking up the financial world! 🌍💼 This strategic move aims to supercharge BlackRock’s data and analytics capabilities, especially in private market investments. With Preqin’s top-notch data solutions, BlackRock clients will now enjoy deeper insights and more refined investment strategies. 📊✨ Read the full article to discover: - The strategic goals behind this game-changing acquisition. - How BlackRock and Preqin are set to dominate the market. - What this means for the future of investment management. Don't miss out on the full story! 📰👉 https://buff.ly/4eRaxID #BlackRock #Preqin #InvestmentNews #Finance #DataAnalytics #PrivateMarkets #BusinessStrategy #GameChanger

It's all about #data these days and there is a dearth of quality & depth in #privatemarkets with only a few leading sources. Thus this acquisition is noteworthy and should make a meaningful addition to BlackRock's #alternatives suite. The statement comments that this "brings together the data, research and investment process for fund managers and investors across fundraising, deal sourcing, portfolio management, accounting and performance". Definitely one to watch given how much demand there is in this area. #assetmanagement #technology https://lnkd.in/es4taZ9n

🚀 Unlocking the Secrets to BlackRock's Success 🚀 🏢 Founded in 1988, BlackRock has risen to become the world's largest asset manager, with over $9 trillion in assets under management. Let's see how Blackrock's journey has unfolded 📢1988: BlackRock is founded by Larry Fink, Robert S. Kapito, and others as a subsidiary of Blackstone Group. 📢1994: BlackRock becomes an independent company when it is spun off from Blackstone. 📢1995: BlackRock launches its first mutual fund. 📢1999: The company goes public with an initial public offering (IPO). 📢2006: BlackRock acquires Merrill Lynch Investment Managers (MLIM), significantly expanding its asset management business. 📢2009: BlackRock becomes the world's largest asset manager after acquiring Barclays Global Investors (BGI), making it a giant in the exchange-traded funds (ETFs) industry. The firm now has employees in 24 countries. 📢2011: BlackRock surpasses $3 trillion in assets under management (AUM). 📢2017: The company's AUM crosses the $6 trillion mark. 📢2020: Despite the challenges posed by the COVID-19 pandemic, BlackRock continues to thrive and expand its reach in the financial industry. FOLLOW me for such content #finance #investing #linkedin Tarun Dhanesh