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The money manager is buying Preqin, a London company that is little known outside of financial circles yet has a Wall Street reputation as a leading source of data on private markets.
Key Takeaways BlackRock has acquired private markets data provider Preqin for $3.2 billion.The U.K.-based firm is expected to generate $240 million in recurring revenue this year.BlackRock estimates that private markets data has an estimated total addressable market of $8 billion,
BlackRock Inc. will acquire private capital database provider Preqin for £2.55 billion ($3.2 billion) in cash, as the world’s largest money manager accelerates its push to become a major player in alternative assets.
Analyst Michael Cyprys from Morgan Stanley maintained a Buy rating on BlackRock (BLK – Research Report) and keeping the price target at
BlackRock is set to acquire Preqin, a private capital database provider, for $3.2 billion in cash, aiming to enhance its role in alternative assets. This acquisition will bolster BlackRock's risk
BlackRock Inc.’s recent spate of deals — including this week’s acquisition of Preqin for $3.2 billion — is prompting concerns at Moody’s Corp. about the money manager’s debt burden.
BlackRock’s newest acquisition is set to make Mark O'Hare, founder of the U.K.-based financial data provider Preqin, wealthier than the head of the world’s largest asset manager. BlackRock yesterday (June 30) announced plans to acquire Preqin in a $3.
The $3.2 billion all-cash deal will expand BlackRock's footprint in the fast-growing private markets data segment. Here's what you need to know.
BlackRock Inc. has shifted its sights in the past, moving from dominance as an index manager into ETFs, and is now realigning itself again to get into the private-asset business by acquiring data provider Preqin,