BlackRock

BlackRock Inc. has announced the acquisition of Preqin, a London-based private capital database provider, for approximately $3.2 billion.&nbsp; 
This strategic move is intended to extend indexing to private markets making it private by increasing its accessibility as well as promoting a private asset class. 
During the latest BlackRock investor call, the company’s CEO Larry Fink elaborated on the acquisition stating that BlackRock aimed to bring the same level of efficiency that was achieved by indexation on public markets to the private markets.&nbsp; 
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 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 <a href="https://twitter.com/sabrush?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@sabrush</a> <a href="https://t.co/FLneVshlNe" target="_blank">https://t.co/FLneVshlNe</a> <a href="https://t.co/gJDPAn42v2" target="_blank">pic.twitter.com/gJDPAn42v2</a>— Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1807846756987592728?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">July 1, 2024</a>
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“Just as index has become the language of public markets, we envision we could bring the principles of indexing even iShares to the private markets,” <a href="https://www.bnnbloomberg.ca/blackrock-aims-to-index-the-private-markets-after-preqin-deal-1.2091594" target="_blank" data-type="link" data-id="https://www.bnnbloomberg.ca/blackrock-aims-to-index-the-private-markets-after-preqin-deal-1.2091594" rel="noreferrer noopener nofollow">Fink stated</a>. 
Another type of fund that belongs to development can exceed $30 trillion by 2030. The internet bases of Preqin include detailed information on the thousands of funds and managers, while BlackRock stands at the cutting edge of quantitative investment solutions in private markets. 
Preqin will be integrated into BlackRock’s technology services unit, which accounts for 8% of the company’s total revenue. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/06/07/blackrocks-ibit-etf-surpasses-300k-btc-milestone/" target="_blank" rel="noreferrer noopener">BlackRock’s IBIT ETF Surpasses 300K BTC Milestone</a> 
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BlackRock Acquires Preqin for $3.2B to Index Private Markets

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