BlackRock Acquires Preqin to Expand in Private Markets Data Segment

For $3.2 billions

Date:

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Autor: Funds Society, Madrid

This operation adds a highly complementary data business to BlackRock's investment technology, marking a strategic expansion in the rapidly growing private markets data segment

Preqin is a leading independent provider of private markets data solutions with global coverage of 190,000 funds, 60,000 fund managers, and 30,000 private market investors, reaching over 200,000 users, including asset managers, insurers, pensions, wealth managers, banks, and other service providers

The transaction is expected to close before the end of 2024, as it is still subject to regulatory approvals and other customary closing conditions