BlackRock Agrees to Buy Data Provider Preqin for $3.2 Billion

BlackRock has acquired data provider Preqin for £2.55 billion ($3.2 billion). The purchase is part of BlackRock’s strategy to expand into private markets. Preqin is a London-based company that specializes in financial data, particularly in alternative asset management and private markets. BlackRock, known for its index-tracking funds, is aiming to strengthen its presence in managing alternative investments such as private credit and infrastructure.