Reported 12 months ago
BlackRock's CEO Larry Fink announced the acquisition of London data provider Preqin, emphasizing the move towards making private markets more accessible for investors. This acquisition marks BlackRock's strategic expansion into private markets, aiming to provide increased transparency and data analytics similar to what index funds have done for public markets. Preqin's tracking of private markets is valued at $16 trillion and expects to double to $39 trillion over the next six years, offering valuable insights for investors in alternative assets.
Source: YAHOO