BlackRock (BLK) to Buy Preqin, Boost Private Markets Abilities

BlackRock (BLK) has announced a deal to acquire Preqin, a premier provider of private markets data, for almost $3.2 billion (£2.55 billion) in cash. This acquisition marks a significant milestone in the company’s strategy to enhance its private markets capabilities by integrating investments, technology and data across the entire portfolio.The integration of London-based Preqin’s extensive data and research tools with BlackRock’s Aladdin platform will create an unmatched private markets technology and data ...