BlackRock to buy UK data firm Preqin for $3.2 billion

BlackRock has announced an agreement to acquire @Preqin, a leading private markets data solutions provider. 1blk.co/3L8LgvU pic.twitter.com/6rVzi9iHDY

BlackRock is nearing a £2 billion ($2.5 billion) deal to acquire private capital database provider Preqin www.bloomberg.com/news/articles/2024-06-30/blackrock-nears-deal-to-acquire-data-provider-preqin?utm_source=website&utm_medium=share&utm_campaign=twitter

Larry Fink says he wants BlackRock to "index the private markets" and "bring the principles of indexing even iShares to the private markets" on call today with analysts about the Prequin deal.. via @sabrush www.bloomberg.com/news/articles/2024-07-01/blackrock-aims-to-index-the-private-markets-after-preqin-deal?utm_source=website&utm_medium=share&utm_campaign=twitter pic.twitter.com/gJDPAn42v2

BlackRock buying Prequin for $3.2b, which is surprising but also not really. They provide data on private funds (see below), which is the ultimate VFZ (Vanguard-Free Zone) = where you can charge people higher fees. www.bloomberg.com/news/articles/2024-07-01/blackrock-buys-preqin-for-3-2-billion-in-private-data-expansion?utm_source=website&utm_medium=share&utm_campaign=twitter via @markets pic.twitter.com/jQaBaJS77t