BlackRock to integrate Aladdin and Preqin to create new private markets platform
CEO Larry Fink calls combining the two platforms “maybe the biggest opportunity in 10 years.”
Asset management giant BlackRock will combine the capabilities of its investment platform and order management system (OMS), Aladdin, with the data and analytics features of its most recent acquisition, Preqin, to provide a “differentiated technology and analytical platform” for private markets, said CEO Larry Fink.
BlackRock made a significant push into the alternative assets space when it announced on July 1 its intention to buy the London-based alternative assets data provider for $3.2 billion
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