Investing
BlackRock Deal to Make Preqin’s Founder Richer Than Larry Fink
- Mark O’Hare owns 80% of Preqin through his Valhalla Ventures
- He previously founded and sold equity-data service Citywatch
BlackRock Inc.’s expansion into private markets is set to make Preqin founder Mark O’Hare richer than his new boss Larry Fink.
The world’s largest money manager is snapping up Preqin in a £2.55 billion ($3.2 billion), all-cash acquisition. O’Hare owns nearly 80% of the data firm through his holding company Valhalla Ventures, meaning that, after taxes, he will net roughly $2 billion, according to the Bloomberg Billionaires Index.