BlackRock acquires Preqin for $3.2 billion to expand presence in alternative investments

From Investing.com: 2024-06-30 21:44:22

BlackRock Inc announced a $3.2 billion acquisition of British data firm Preqin, expanding its presence in alternative investments. The deal includes folding Preqin’s data and research tools into BlackRock’s Aladdin platform, with an estimated revenue of $240 million in 2024. Potential bidders included London Stock Exchange Group and S&P Global Inc. Preqin focuses on data in the alternative investments industry, tracking performance of private equity and hedge funds.



Read more at Investing.com: BlackRock to buy UK data firm Preqin for $3.2 bln By Investing.com