Co-Founder & Partner, Broadhaven Ventures at Broadhaven Capital Partners and Founder, Alt Goes Mainstream
BlackRock is coming at private markets from all angles. With their monumental acquisition of Preqin for $3.2B, they've now added one of the most comprehensive sets of private markets data and intelligence to their suite of products that includes Aladdin® and eFront and creates end-to-end coverage of private markets. Content, data, and education create an engaged community of GPs and LPs, which Preqin has impressively built since its founding over 20 years ago. Now combined with BlackRock's large $330B alternatives platform, content and data can create a distribution flywheel, equipping LPs with the information and knowledge to better understand private markets and the data and frameworks to include alternatives strategies in their portfolios. As more investors, particularly those in the wealth channel, enter private markets, they will need tools and products that make private markets accessible. This acquisition is a step in the right direction to create a convergence between public and private markets, make it easier for investors to bake private markets solutions into portfolios, and provide a comprehensive solution set to investors. End-to-end solutions providers will be the winners in private markets - and BlackRock, with the addition of Preqin, moves one step closer to fulfilling that vision and enabling the continued mainstreaming of alts. Congrats Christoph Knaack & Team Preqin on this milestone and BlackRock on the continued vision to push private markets forward. https://lnkd.in/e3rSQ3U3
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Repeat Founder & Investor | Advising Startups & Emerging VCs Globally with Fundraising, GTM, and M&A
2wGreat win for Blackrock. On a slightly related note, Carlyle acquired Victory Hill Capital Advisors in 2022 & KKR acquired Global Atlantic Financial Group in 2021. Yes these acquisitions are more about expanding their investment and operational capacities within private markets, while BlackRock’s move is more about augmenting its data and analytical capabilities to better serve private market investors…but both strategies reflect a broader trend among large investment firms to deepen their presence and capabilities in private markets.