BlackRock Inc. (NYSE:BLK) today announced the successful completion of its acquisition of Preqin, a premier independent provider of private markets data. This strategic transaction strengthens BlackRock’s ability to serve clients’ whole portfolios — across public and private markets — by combining investment, technology, and data solutions in one platform.
Private markets are the fastest-growing segment of global investing, with alternative assets projected to reach $30 trillion by the end of the decade, according to Preqin data. As capital markets evolve, private markets are playing an increasingly important role in financing global growth. Institutional and wealth investors continue to increase allocations to these markets as they seek to optimize returns and diversify their long-term capital, yet these allocations have been artificially limited by a lack of transparency. With Preqin, BlackRock takes a major step forward to address this need, positioning its private markets platform to deliver investments, technology, and data holistically to power next-generation investment solutions for clients.
Source: ir.blackrock.com on the 3 March 2025
https://ir.blackrock.com/news-and-events/press-releases/press-releases-details/2025/BlackRock-Establishes-Preeminent-Private-Markets-Technology-and-Data-Provider-with-Close-of-Preqin-Acquisition/default.aspx