BlackRock Aladdin has integrated Preqin’s data and technology into its eFront private markets platform to create a single unified platform.
In eFront, institutional clients will be able to manage their full investment lifecycle in one place, with detailed market context via Preqin data. The integration comes as the firm looks to unite its investments, technology and proprietary data within one platform in a bid to increase transparency and data-based insight for clients expanding their allocations to private markets.
BlackRock acquired Preqin for £2.55bn last year.
Read more: Nuveen: Institutional investors eye increase to private market allocations
The combined platform means institutional investors have comprehensive research, due diligence and portfolio monitoring tools on a single platform, BlackRock said. Pre-investment, institutional clients can now map investment opportunities, find high quality fund managers that align with portfolio objectives, and conduct in-depth manager due diligence based on strategy, track record and operations.
Automated visual analytics pull from over 14,000 funds with performance data to present bespoke insights and create custom indices by asset class, strategy, geography and industry.
Read more: Private credit firms take hit on exposure to software selloff
“BlackRock Aladdin is redefining the standard for private markets technology and data. For the first time, clients can bring pre-investment intelligence and post-investment analytics together in a single, integrated workflow, narrowing the gap between how institutional investors manage assets across private and public portfolios,” said Sloane Collins, BlackRock’s head of product for Aladdin Private Markets.
“This reinforces what we set out to accomplish with the acquisition of Preqin – a combination of rich data, advanced analytics and scalable technology that helps investors navigate private markets with clarity and confidence.”
It comes as institutional investors are increasing their allocations to private markets over the next five years.
Read more: Invesco: European upper mid-market loans offer better value as spreads narrow
