BlackRock Aladdin Expands Preqin Benchmarks and Indices, Advancing Transparency in Private Markets With Common Performance Measurement Standard
StockNews.AI · 3 hours
AI Summary
BlackRock's Aladdin platform expands Preqin Benchmarks and Indices, enabling reporting-grade indices and customizable peer benchmarks across Preqin Pro, Aladdin, eFront, and Aladdin Wealth. It covers over 140,000 peer benchmarks and more than 10,000 funds totaling about $13 trillion, under a single integrated solution. The move strengthens the platform's private-markets data moat and potential cross-sell opportunities over time.
Sentiment Rationale
Enhances Aladdin's value proposition in private markets, expanding data capabilities and cross-ecosystem adoption, which could raise AUM flow and advisory revenue over time. Similar past expansions to integrated data platforms have driven steady multiple expansion and higher retention.
Trading Thesis
Bullish over 12–24 months as Aladdin expands private markets data and cross-sell potential.
Market-Moving
- Aladdin expands with Preqin benchmarks, potentially boosting client adoption.
- Coverage includes 140,000+ peer benchmarks and 10,000+ funds, $13T in scope.
- API integrations enable redistribution, widening potential revenue streams.
- Cross-portfolio benchmarking strengthens stickiness of BlackRock's platform.
Key Facts
- BlackRock expands Preqin Benchmarks within Aladdin to unify private markets benchmarks.
- Offering includes 140,000+ peer benchmarks and 10,000+ funds totaling $13T.
- Data integrated across Preqin Pro, Aladdin, eFront, and Aladdin Wealth.
- Kunal Khara emphasizes transparency and whole-portfolio benchmarking.
- Private markets benchmarking historically fragmented; this aims to standardize.
Companies Mentioned
- BlackRock, Inc. (BLK): Expands Aladdin with Preqin benchmarks, signaling deeper ecosystem integration and potential revenue uplift.
- Preqin (N/A): Private data provider integrated into BlackRock's Aladdin suite to standardize private markets benchmarks.
- Aladdin (N/A): Core platform within BlackRock; this expansion enhances its benchmarking offerings.
- eFront (N/A): Part of the BlackRock ecosystem; extended benchmarking capabilities across platforms.
Corporate Developments
Category: Corporate Developments. Fits as a strategic product and data expansion within BlackRock's technology stack, potentially improving client retention and cross-sell in private markets.