BlackRock's Aladdin Gets Smarter: $3.2B Deal Adds Preqin's Private Markets Data
Portfolio Pulse from Lekha Gupta
BlackRock (NYSE:BLK) plans to acquire Preqin for $3.2 billion, enhancing its Aladdin platform with private markets data. The deal is expected to close by the end of 2024, pending regulatory approvals. This acquisition positions BlackRock to capitalize on the rapidly growing private markets sector.
July 01, 2024 | 10:01 am
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POSITIVE IMPACT
BlackRock's acquisition of Preqin for $3.2 billion will enhance its Aladdin platform with private markets data, positioning the company to capitalize on the growing private markets sector.
The acquisition of Preqin will significantly enhance BlackRock's Aladdin platform by integrating private markets data, which is a rapidly growing sector. This positions BlackRock to offer more comprehensive solutions to its clients, likely boosting its revenue and market position.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Fidelity Disruptive Finance ETF (NASDAQ:FDFF) may see positive impact due to its exposure to BlackRock, which is acquiring Preqin to enhance its Aladdin platform.
As an ETF with exposure to BlackRock, FDFF may benefit from the positive market reaction to BlackRock's strategic acquisition of Preqin, which enhances its capabilities in the growing private markets sector.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Capitol Series Trust The Nightview Fund (NYSE:NITE) may experience a positive impact due to its exposure to BlackRock, which is acquiring Preqin to enhance its Aladdin platform.
NITE, with its exposure to BlackRock, may see a positive impact from the market's reaction to BlackRock's acquisition of Preqin, which strengthens its position in the private markets data sector.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50