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BlackRock Establishes Preeminent Private Markets, Technology, and Data Provider with Close of Preqin Acquisition

1. BlackRock successfully acquires Preqin, enhancing its private markets data capabilities. 2. This acquisition positions BlackRock to better serve clients across all investment portfolios.

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$950.1603/04 01:48 PM EDTLatest Updated
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FAQ

Why Bullish?

The acquisition of Preqin positions BLK favorably in the growing private markets segment, similar to past successful acquisitions that boosted their service offerings and client satisfaction.

How important is it?

This acquisition enhances BLK's service offerings and potential revenues, making it a significant development in its growth strategy.

Why Long Term?

Integrating Preqin's data solutions will likely enhance BlackRock's competitive edge over the long-term, similar to the impact of previous tech integrations enhancing operational efficiency.

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BLKMSGSAPAMBX
NEW YORK & LONDON--(BUSINESS WIRE)--BlackRock Inc. (NYSE:BLK) today announced the successful completion of its acquisition of Preqin, a premier independent provider of private markets data. This strategic transaction strengthens BlackRock's ability to serve clients' whole portfolios — across public and private markets — by combining investment, technology, and data solutions in one platform. Private markets are the fastest-growing segment of global investing, with alternative assets projected t.

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