The portfolio platform of BlackRock has expanded its offering to include solutions to measure performance for private market investments.
BlackRock Aladdin has expanded its Preqin Benchmarks and Indices solutions to include reporting-grade indices and benchmarks to measure performance in private markets, according to an announcement.
The US asset management giant aims to meet benchmarking needs, such as peer comparison, manager evaluation, policy benchmarking, and investment reporting, through a single integrated solution, which is available across the Aladdin ecosystem to clients of Preqin Pro, Aladdin, eFront, and Aladdin Wealth. The new closed-end indices cover more than 10,000 funds, representing over $13 trillion in assets.
Leveraging Preqin acquisition
BlackRock fully acquired Preqin, a private markets data provider, in 2024 for around USD3.2 billion to support growing investor demand for alternatives.
“Expanding the breadth and quality of Preqin’s private markets data is central to bringing greater transparency and standardization to private markets, a core tenet of why we brought Preqin into BlackRock,” said Kunal Khara, global head of Aladdin Product at BlackRock.
“Combining Preqin’s extensive private markets data with BlackRock’s technology ecosystem enables us to embed high-quality benchmarks and indices directly into investment workflows. Clients can access transparent, customizable peer benchmarks and robust, methodology-driven indices, connect analysis and reporting within a single solution, and incorporate private markets into a whole-portfolio view, helping them make more informed and consistent investment decisions.”
Aladdin is a portfolio management software built by BlackRock’s risk management division and is adopted by a range of users, including institutional investors and private banks. In June, it onboarded Cathay United Bank as the first private bank in Taiwan to become a user of Aladdin Wealth.
