Mark Wiedman’s Post

🚀 BlackRock to Acquire Preqin for £2.55bn !!! 🚀 Big news in the private markets DATA segment! 📅 BlackRock announced this week its agreement to acquire Preqin, a leading UK-based independent provider of private markets data, for £2.55bn ($3.2bn) in cash. 🔍 Why is this significant? Preqin’s comprehensive data and research tools will be integrated with Aladdin’s workflow functions (one of the most important algorithm atm), creating a robust platform for private markets investing. This strategic acquisition marks BlackRock’s expansion into the fast-growing private markets data segment, enhancing their investment technology capabilities. 💡 Key Benefits in theory: 1. Enhanced Data Integration: Combining Preqin’s data with Aladdin’s private markets solution, eFront, to streamline fundraising, deal sourcing, portfolio management, accounting, and performance tracking.    2. 𝐁𝐫𝐨𝐚𝐝𝐞𝐫 𝐑𝐞𝐚𝐜𝐡: Preqin’s coverage includes 190,000 funds, 60,000 fund managers, and 30,000 private markets investors. It’s expected to generate approximately $240m in revenue in 2024. 3. 𝐆𝐫𝐞𝐚𝐭𝐞𝐫 𝐀𝐜𝐜𝐞𝐬𝐬𝐢𝐛𝐢𝐥𝐢𝐭𝐲: “Together with Preqin, we can make private markets investing easier and more accessible while building a better-connected platform for investors and fund managers,” said Sudhir Nair, Global Head of Aladdin. 💬 BREF! Preqin will continue to operate as a standalone solution while enhancing the Aladdin platform's capabilities. This move signifies a leap towards bridging the transparency gap between public and private markets through innovative data and analytics solutions. P.S. Did you find this update insightful? Don’t forget to share it with your network! ♻️ PS2: By the way TIL what Aladdin stands for it is for Asset, Liability and Debt and Derivative Investment Networth #BlackRock #Preqin #PrivateMarkets #Investment #Data #Analytics #FinTech #news

🤑 Exciting news from BlackRock! They’re acquiring Preqin for $3.2 billion, marking a significant step into private markets data. 💰 This move enhances BlackRock’s Aladdin platform, combining data, research, and investment processes. Preqin's impressive growth—20% annually and $240 million in revenue—highlights the potential of private markets data. With alternative assets expected to reach $40 trillion by the end of the decade, the demand for standardized data and analytics is skyrocketing. This acquisition is a testament to the evolving landscape of investment management, where technology, data, and analytics play a crucial role. Let’s embrace these changes and continue to innovate in our industry! 🚀

The recent acquisition of Preqin by BlackRock highlights a growing trend of private equity investments in the SaaS landscape, particularly in financial data and alternative investments. This strategic move underscores BlackRock's commitment to enhancing its data analytics capabilities and expanding its presence in the SaaS market. Preqin, renowned for its comprehensive data on private equity, venture capital, and other alternative assets, will now benefit from BlackRock's vast resources and expertise. This synergy will enhance Preqin's SaaS offerings, enabling BlackRock to provide deeper insights and more robust investment solutions. This deal underscores how leading financial institutions are investing in SaaS companies to gain a competitive edge. By integrating Preqin's data with its Aladdin platform, BlackRock aims to deliver unparalleled value to its investors, facilitating more informed decision-making. BlackRock's acquisition of Preqin is a forward-thinking move that will drive significant advancements in the SaaS market, setting a new precedent in the industry. #MergersAndAcquisitions #SaaS #DataAnalytics #AlternativeInvestments #BlackRock #Preqin #FinancialInnovation

#BREAKING BlackRock acquired Preqin for $3.22B, part of a larger expansion into alternative investments and data intelligence. Companies like BlackRock are increasingly relying on advanced data analytics and artificial intelligence to make informed investment decisions. In fact, private markets are the fastest-growing segment of asset management, with alternative assets projected to reach nearly $40T by the end of the decade.

Last night’s news marks an exciting time for the private markets landscape - BlackRock has agreed to acquire Preqin, a leading independent provider of private markets data. This represents something much bigger than BlackRock and much bigger than Preqin. This announcement is about making private markets more transparent, more efficient, and easier to access for millions of investors worldwide. We’ve always dreamt of Aladdin® as the language of portfolios – with Preqin we aim to create the language of private markets, and building on eFront workflows as the strong foundation – we are one step closer. BlackRock has always been on a mission to stay ahead of the industry to help our clients. We developed Aladdin to bring together investments, technology, and data to offer solutions that meet our clients’ needs across their whole portfolio. Acquiring Preqin allows us to take our whole portfolio aspirations to new heights – integrating private markets data into Aladdin and eFront to create a preeminent private markets technology and data solution to offer our clients. Our announcement brought me back in time. Thirty years ago, my partners and I, under Charlie Hallac’s and Ben Golub’s leadership, started building the spreadsheets that became the foundation for Aladdin. During those long nights and early mornings, we never could have imagined the scale, breadth of capabilities, and global reach that the platform would have in the years to come. We feel both humbled and proud to be welcoming the talented Preqin team to BlackRock – and we know from spending a lot of time with them over the past few months, they had a similar journey. Great businesses are built through teams of people having the courage to solve the problems they see. Mark O'Hare, Christoph Knaack, and team – congratulations on your success doing just that. The future is bright for our clients and our people. Looking forward to this next chapter! https://1blk.co/3VOFWTn 

BlackRock's Big Bet on Private Data: A Game Changer for Alternative Investments? Big news in the investment world! BlackRock's acquisition of Preqin for $3.2 billion marks a significant move for the world's largest asset manager. This strategic buy signals BlackRock's accelerated push into alternative assets, a market expected to reach nearly $40 trillion by the end of the decade. Why is this a game changer? Data is king: Preqin's data and research tools will be integrated with BlackRock's Aladdin platform, creating a powerhouse of information for private market investors. This could lead to more informed decision-making, better deal flow, and ultimately, higher returns. Unlocking private markets: Private markets, which include private equity, venture capital, and real estate, have traditionally been less transparent than public markets. By making this data more accessible, BlackRock could open up these lucrative investments to a wider range of investors. The rise of the alternatives: As traditional asset classes struggle, investors are increasingly looking to alternative assets for diversification and growth. BlackRock's move positions them as a leader in this growing space. Impact on the economy? Increased investment activity: Easier access to private markets could fuel a surge in investment, potentially leading to job creation and economic growth. Innovation boost: More capital flowing into private companies, particularly startups and early-stage ventures, could accelerate innovation across different sectors. Potential risks: Increased competition for deals could drive up valuations, and a concentration of power in the hands of large asset managers could raise concerns about systemic risk. Overall, BlackRock's acquisition of Preqin is a sign of the times. As the world of finance evolves, data-driven insights and alternative investments are becoming increasingly important. The long-term impact on the economy remains to be seen, but one thing is certain: this is a move with significant ramifications for the future of asset management. #BlackRock #AlternativeInvestments #PrivateMarkets #FinancialTechnology #InvestmentBanking

PRESS RELEASE -- BlackRock Teams With GeoWealth to Offer Custom Models Featuring Simplified Access to Private Markets: https://bwnews.pr/3RIYNxD BlackRock and GeoWealth to Deliver Automated Custom Models to Enable Access to Private Markets, Direct Indexing and Fixed Income SMAs in Addition to ETFs and Mutual Funds in a Single Account “By combining BlackRock’s portfolio design expertise with GeoWealth’s implementation platform, we will make it easier for advisors to build a models-based practice and enable broader access to private markets – one of today’s most sought-after asset classes,” said Eve Cout, Head of Portfolio Design & Solutions within BlackRock’s U.S. Wealth Advisory business. “This initiative supports our goal of helping more and more advisors meet the evolving needs of their clients, who increasingly seek more diversified, personalized and tax-efficient strategies.” Read the press release here: https://bwnews.pr/3RIYNxD

“ Corporate Eyesight “ Segment with HEB Insights #1… BlackRock Inc. (NYSE: BLK) has agreed to acquire Preqin, a leading independent provider of private markets data for £2.55 billion or approximately $3.2 billion in cash. Bringing together Preqin’s data and research tools with Aladdin’s complementary workflow capabilities in a unified platform will create a preeminent private markets technology and data provider. The acquisition adds a highly complementary data business to BlackRock’s investment technology, marking a strategic expansion into the fast-growing private markets data segment. Private markets are the fastest growing segment of asset management, with alternative assets expected to reach nearly $40 trillion by the end of the decade. As institutional and wealth investors increase allocations to alternatives, BlackRock has built a leading private markets franchise to meet this client demand. There is an even greater need for standardized data, benchmarks, and analytics that enable investors to better incorporate private asset classes into portfolios and provide fund managers with better data and tools to deliver outcomes for clients. Private markets data is estimated to be an $8 billion total addressable market and growing 12% per year, reaching $18 billion by 2030. Preqin empowers investors to make better decisions by providing data and insights that increase transparency and access across the global alternatives market. With a 20-year history, Preqin is a leading independent data solutions provider in private markets with global coverage of 190,000 funds, 60,000 fund managers and 30,000 private markets investors, reaching more than 200,000 users, including asset managers, insurers, pensions, wealth managers, banks, and other service providers. In 2024, Preqin is expected to generate ~$240 million of highly recurring revenue and has grown approximately 20% per year in the last three years. Through the Aladdin platform, BlackRock provides technology solutions to over 1,000 clients. The combination of Preqin with eFront, Aladdin’s private markets solution, brings together the data, research, and investment process for fund managers and investors across fundraising, deal sourcing, portfolio management, accounting, and performance. Preqin will also continue to be offered as a standalone solution. Original story is through Businesswire #hebinsights l #haitianexecutives l #expansion l #businessinsights l #haiti l #corporategrowth

🌏 Data is King! BlackRock is paying $3.2BN to buy UK data provider Preqin as reported by the Financial Times Read more here: https://lnkd.in/dJwzmXnB This is a milestone acquisition in the world of Private Capital and Data. Why is this significant? 👀 Private Capital is the future growth engine for many economies, especially in Emerging Markets. In recent months, we have been highlighting at MAGNiTT the importance of data transparency in Private Capital as we expand our coverage beyond just Venture. 💴 What is Private Capital? Great question for which we have the answer. MAGNiTT has recently released a content series around exactly this, but in essence, it is transaction and company data around entities that are not listed on exchanges that can involve deals from Venture Capital, Private Equity, Private Debt, Real Estate and Infrastructure. (Learn more about Private Capital on MAGNiTT here: https://lnkd.in/dePyy4Yp). 🤝 Who is BlackRock? BlackRock is one of the world's leading providers of investment, advisory and risk management solutions. They stated in the press release “Together with Preqin, we can make private markets investing easier and more accessible while building a better-connected platform for investors and fund managers...,” 💻 Who is Preqin? One of the leading providers of data, analytics, and insights to the alternative assets industry with a focus on Private Capital. ❓Why is this interesting? One of the biggest challenges remains access to credible, accurate and reliable data on Private Markets in Emerging Venture Markets. However, what this announcement highlights, is the growing opportunity globally and regionally to solve for this. How do you think deals like this will shape the Private Capital and data markets? Love to hear from you below 👇 #Data #PrivateCapital #VC #PE #MENA

The use of technology and state of data strategy continues to evolve rapidly in the private equity industry. July's blog is the first of a two-part series, looking at Fund managers and how they are seeking new ways to drive business and scalability, ultimately bolstering their organizational efficiencies and gaining a competitive edge in the industry, by outsourcing to a third-party provider in order to increase their efficiencies. Read Part I, which focuses on data strategy trends and how utilizing technology can affect firm efficiencies here: https://trst.in/bjyn1w