BlackRock has completed its acquisition of Preqin, a leading provider of private markets data. This acquisition enhances BlackRock’s ability to serve clients across public and private markets by integrating investment, technology, and data solutions into one platform. Private markets are the fastest-growing segment of global investing, with alternative assets projected to reach $30 trillion by the end of the decade.

Preqin’s data and research tools will remain available as a standalone solution while also being integrated into BlackRock’s Aladdin and eFront platforms. This will improve transparency and accessibility in private markets, supporting clients in fundraising, deal sourcing, portfolio management, and performance reporting.

Preqin founder Mark O’Hare has joined BlackRock as a Vice Chair. The acquisition significantly expands BlackRock’s investment technology capabilities, reinforcing its leadership in private markets data, a segment expected to grow to an $18 billion market by 2030.