Financial Markets Online’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

Assets manager to pay $4.8bn for private markets data Global assets management firm BlackRock is to pay $4.8 billion to acquire London-based private markets data company Preqin. Most of that fee will go to Preqin founder Mark O'Hare (pictured). Read more about this, and much more about private equity and venture capital, at: https://lnkd.in/gE-aPUTb #privateequity #venturecapital

The BlackRock acquisition of Preqin cements the value of investment data company specializing in financial data and insights for the alternative assets market. The substantial acquisition sum highlights the value of tools that support investors across various sectors, including private capital, hedge funds, fund managers, investor performance, and deal information. The future direction points towards expanding coverage to different asset classes such as private equity, venture capital, private debt, real estate, infrastructure, natural resources, and secondaries. This solidifies the first steps taken by us in Exits MENA and how we worked with over 2000 businesses in the last 26 months to be a "swiss knife" of analytics and transactions and investment readiness...while being profitable and obtaining triple digit yoy growth. We had a long strategy meeting and our advisors and shareholders are helping us weave the future and this piece of news came on time I think we are on the right direction we now need to scale frugally Private data/private credit/transactionalinsights/entrepreneurshipacquisitions are on the rise الحمد لله source: https://lnkd.in/dXJqW2mj #InvestmentData #FinancialInsights #AlternativeAssets

Larry Fink, chairman and chief executive of BlackRock, said he believes the asset manager can lead the indexing of private markets, in the same way that indexing has become the language of public markets, following its approximately $3.2bn in cash acquisition of Preqin, an independent provider of private markets data. The acquisition is about driving evolution and growth in private markets by measuring them, understanding their drivers of performance and making them more investable. “We envision we can bring the principles of indexing, and even iShares [BlackRock’s exchange-traded funds business], to the private markets,” he added. “We anticipate indexes and data will be important future drivers of the democratisation of all alternatives, and this acquisition is the unlock.” In addition, Fink said private markets are the fastest growing segment of asset management and there is significant demand from BlackRock clients. #PPLI #privateplacementlifeinsurance #premiumfunding #taxefficiency #estatetaxplaning https://lnkd.in/ew9FCU9D

BlackRock is set to revolutionize private markets by indexing them, enhancing transparency and accessibility for investors. - 📈 Aims to index private markets - 🛠️ Utilizes Preqin's data and analytics - 🌐 Integrates with Aladdin platform - 🔍 Enhances transparency and risk management - 💡 Democratizes access to private investments #investment #fintech #innovation - 📊 Preqin's data will provide comprehensive insights into private market performance. - 🖥️ Aladdin platform integration will streamline risk management and decision-making. - 🌍 Global reach offers local connectivity and unique opportunities. - 📉 Indexing private markets aligns with BlackRock's strategy for holistic investment tools. - 🚀 Investor empowerment through enhanced access and transparency in private markets. BlackRock Aims to ‘Index the Private Markets’ After Preqin Deal https://lnkd.in/g5i-GvV6

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

Why did BlackRock just spent $2.55 billion in cash! In a world of high regulation, frequent change and financial complexities; data is King and BlackRock, the world's largest Asset Manager, has just struck a deal to buy Preqin for $2.55bn - 13x Preqins expected 2024 revenue! Founded in the early 2000s, Preqin tracks the performance of Hedge Funds and Private Equity firms - with over 200,000 users. BlackRock intends to capitalise on this by integrating Preqin into Aladdin, their front office in-house investment platform, and keeping it as a separate offering to sell to other Managers. Beating its rivals LSEG (London Stock Exchange Group) and S&P Global to win this deal, shows the importance of data in today’s financial markets. BlackRock can now serve its clients who desire more granular information about all facets of the markets - including the booming private equity deal-making industry - and serve investors' demand for alternative assets. This buyout comes after BlackRock purchased Global Infrastructure Partners (GIP) earlier this year. Follow Perpetuity for more financial news and explainers

BlackRock CEO Larry Fink just said he thinks they can index private markets. This is huge. BlackRock's move to acquire Preqin signals exactly the shift in the private markets I’ve been talking about since 2018. But while I appreciate BlackRock's active stance in driving change, money alone can't solve this challenge. At Stableton, we've experienced the full cycle – from the excitement of our idea to the realization of how hard it is to do it right. We’re proud to say that we've already succeeded. Our operations are a well-oiled machine, and we are growing 120% p.a. So my advice to Larry, and anyone else considering this move: Instead of merely purchasing data, invest in specialists who can truly execute these strategies. Bad luck for BlackRock, though – Stableton is not for sale. We see immense potential ahead and plenty of room to grow and scale. To our clients, partners, and team – I hope you feel as proud as I do when you see that the world’s largest asset manager is following in our footsteps. Here’s to the exciting journey ahead! And if you want to know what we have planned, check out our newsletter: https://lnkd.in/eG6ufZtT #investing #privatemarkets #secondaries https://lnkd.in/e_cyNpny

BlackRock buying Preqin makes a lot of sense to me. Preqin has always been a robust data provider for alternatives and is used widely across the industry. BlackRock knows the future lies in democratization of private markets, and the changes that come with it, like better data reporting. This is a huge acquisition for Preqin and a great signal for optimism across companies building picks and shovels for the private markets. https://lnkd.in/eXKmH6kK

🚨 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