BlackRock completes $3.2B acquisition of private markets data firm Preqin

BlackRock, Inc.

Acquired Preqin for £2.55B (~$3.2B) in cash; funded via $2.5B senior notes and available cash.
Preqin covers 210,000 funds and has over 220,000 users among asset managers, insurers, and wealth managers.
Founder Mark O'Hare joins BlackRock as Vice Chair; Preqin will remain standalone with Aladdin integrations.
Private markets data TAM expected to reach $18B by 2030; alternatives projected at $30T by decade end.

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