BlackRock Acquires Preqin, Boosts Private Markets Offerings

BlackRock Inc. (BLK) has completed the acquisition of Preqin, a premier independent provider of private markets data, solidifying its private markets capabilities to cater to the rising demand among clients. Despite this, BLK’s shares fell 1.2% during Monday’s trading session on broader market weakness.Details of BlackRock’s AcquisitionThe deal, announced in June 2024, for almost $3.2 billion (£2.55 billion) in cash, reflected a significant milestone in BlackRock’s strategy to enhance its private markets ca ...