BlackRock Swoops In: £2.55 Billion Deal for UK Data Giant Preqin

In a major move shaking up the investment data landscape, BlackRock, the world’s largest asset manager, has agreed to acquire Preqin, a leading provider of data and insights for the alternative investment industry. The deal, valued at a hefty £2.55 billion, is expected to close in the second half of 2023.

A Data-Driven Play for BlackRock

This strategic acquisition signifies BlackRock’s commitment to expanding its data capabilities and bolstering its position in the rapidly growing alternative investment market. Preqin boasts a robust database of over 13,000 alternative investment funds, 120,000 institutional investors, and 40,000 fund managers, providing invaluable insights into the performance and trends of this key sector.

Beyond the Numbers: A Strategic Alliance

The deal goes beyond simply acquiring a data platform. BlackRock aims to leverage Preqin’s expertise and strong industry connections to enhance its own offerings and provide clients with a comprehensive view of the alternative investment landscape. This includes:

• Enhanced data analytics: BlackRock can integrate Preqin’s data into its existing systems, providing clients with a more granular understanding of investment performance and market trends.

• Improved client services: By combining Preqin’s data and insights with BlackRock’s existing resources, the company can offer tailored solutions and advisory services to clients.

• New market opportunities: The acquisition opens up new avenues for BlackRock to penetrate the alternative investment market and expand its client base.

The Future of Data in Investment

The acquisition of Preqin underscores the growing importance of data in investment decision-making. As the alternative investment market continues to evolve and grow, having access to accurate, comprehensive data will become increasingly crucial for investors looking to achieve their financial goals.

Key takeaways:

• BlackRock’s acquisition of Preqin signals a strategic shift towards data-driven investment solutions.

• The deal is valued at £2.55 billion, highlighting the significant value placed on data in today’s investment landscape.

• Preqin’s extensive database and industry expertise will bolster BlackRock’s capabilities and expand its reach in the alternative investment market.

The impact of this acquisition on the investment landscape remains to be seen, but one thing is clear: data is the driving force behind the future of investment. As the industry evolves, companies like BlackRock and Preqin will be at the forefront, shaping the future of data-driven investment decisions.