BlackRock has agreed to acquire Preqin, an independent provider of private markets data, for GBP2.55bn (USD3.2bn) in cash. 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. The transaction is expected to close before year-end 2024, subject to regulatory approvals and other customary closing conditions. Preqin is owned by its management and employees together with Valhalla Ventures, founder Mark O’Hare‘s family holding company.
