In a bid to capitalise on the increase in demand from investors for alternative assets, BlackRock announced its plans to buy Preqin for nearly USD 3.23 billion in cash. The move follows BlackRock’s USD 12.5 billion deal to acquire Global Infrastructure Partners (GIP) from January 2024, with the company aiming to solidify its presence in the alternative assets market. In addition, Preqin’s owners decided to fully sell the business, with bidders, besides BlackRock, including the London Stock Exchange Group and S&P Global.
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