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. BlackRock’s data platform services tip the scales with all three solutions sitting under the same roof: this is set to offer significant insights across public and private portfolios, and further underscores BlackRock’s commitment to giving its clients a ‘common language’ for investing. Guess that means BlackRock is now the unified data champion of the world.

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Meme - Aladdin’s lamp just got brighter

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