BlackRock (BLK), the world’s largest asset manager, announced late Sunday that it will buy U.K.-based private markets data provider Preqin for approximately $3.2 billion in cash.
BlackRock’s Aladdin platform provides technology solutions to more than 1,000 clients. The combination of Preqin with eFront, Aladdin’s private markets solution will bring “together the data, research, and investment process for fund managers and investors across fundraising, deal sourcing, portfolio management, accounting, and performance,” BlackRock said.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more – straight to your e-mail.
Profit and prosper with the best of expert advice – straight to your e-mail.
