What BlackRock’s Acquisition of Preqin Means for Investors

Black Rock (BLK), the world’s largest asset manager, announced Sunday evening that it will acquire Preqin, a British provider of private markets data, for approximately $3.2 billion in cash.

BlackRock’s Aladdin platform provides technology solutions to more than 1,000 clients. Preqin’s combination with eFront, Aladdin’s private markets solution, will combine “data, research and investment process for fund managers and investors across fund sourcing, deal sourcing, portfolio management, accounting and performance” BlackRock said.