BlackRock Aladdin has announced new private credit capabilities in Preqin, marking the first step in a broader effort to bring greater transparency, analytical depth, and a single connected view of data to the private credit space.
According to the firm, through expanded private credit data, benchmarks, and analytics, Preqin Pro enables investors to jointly analyze market trends, fund dynamics, and underlying assets across closed-end funds, Business Development Companies (BDCs), and semi-liquid vehicles, all within a unified research and analytics experience.
As private credit markets grow and diversify, the asset manager observes that clients are demanding clearer and more connected information on liquidity, risk, and returns. For this reason, the latest enhancements to Preqin begin to address a market gap by offering consistent and standardized private credit intelligence that reinforces BlackRock’s commitment to evolving its global platform to meet clients’ needs across their portfolios.
“Private credit is becoming an essential part of portfolios, but data remains fragmented, making it difficult for investors to understand risk and compare performance. This expansion combines Aladdin technology with data and analytics from Preqin and eFront to create a more unified, transparent, and robust view of private credit. It is another step toward our mission of building a more connected ecosystem that helps clients better understand risk, returns, and opportunities across their entire portfolio,” said Kunal Khara, Global Head of Aladdin Product at BlackRock.
The Enhancements
BlackRock explained that the new private credit suite, now available, includes the creation of a comprehensive view of the private credit market, from fund to asset, across different fund types, strategies, asset classes, and issuers, covering closed-end funds, BDCs, and other semi-liquid structures.
In addition, it introduces new asset-level benchmarks that provide standardized ways to converge the full spectrum of BDC and closed-end fund universes, now enabling users to assess risk and return trends in money multiples, valuation trends, leverage ratios, defaults and recoveries, capital cushion multiples, and borrower financial metrics.
The platform also includes enhanced analytics for BDCs, leveraging Aladdin technology to go beyond fund-level reporting and static disclosures by providing insights into underlying exposures, risk, and returns.
Finally, it incorporates integrated AI-powered analytics and research, enabling users to analyze market, fund, and asset data within a single environment combined with customized visualizations.
This launch is the first in a series of product enhancements aimed at fulfilling Aladdin’s mission of helping clients capitalize on the growing private credit opportunity, with the goal of bringing a higher level of transparency through data, analytics, and reporting across the portfolio.
“The enhanced private credit capabilities support a broad range of market participants. For LPs, analytics-driven insights integrated into the platform provide clearer visibility into performance, risk, liquidity, and exposure, while service providers gain a consistent and comprehensive market view to support valuation, advisory, regulatory, and transaction processes. For GPs, the platform connects standardized, cleansed, and comparable loan-level data across BDCs and closed-end private credit to support investment decisions and risk management,” the firm highlighted.
