BlackRock Aladdin announced the expansion of its Preqin Benchmarks and Indices solutions. The enhanced offering gives investors access to reporting-grade indices and customizable peer benchmarks in one integrated solution.
The expansion is designed to create a common performance measurement standard for private markets. The solution is available across the Aladdin ecosystem to clients of Preqin Pro, Aladdin, eFront, and Aladdin Wealth.
BlackRock Aladdin said the enhanced solution supports private markets benchmarking needs across peer comparison, manager evaluation, policy benchmarking, investment reporting, performance analysis, and risk analysis. The goal is to bring greater transparency, consistency, and standardization to private markets.
Private markets benchmarking has historically been fragmented and difficult to compare. Investors often relied on disconnected tools across the investment lifecycle and multiple providers for different types of performance measurement.
By combining these capabilities within a single integrated solution and making the data available across the Aladdin ecosystem, BlackRock Aladdin said investors can gain a more accurate and comprehensive view of performance. The offering covers closed-end fund-level indices, asset-level indices, and more than 140,000 peer benchmarks.
The closed-end fund-level indices are powered by LP-sourced daily cash flow data. The newly enhanced closed-end indices cover more than 10,000 funds, representing more than $13 trillion.
As private markets become a larger part of institutional and wealth portfolios, the enhanced solution is intended to help investors benchmark, analyze, and report on performance and risk with greater consistency. It also extends institutional-quality benchmarking into advisory and model portfolio workflows.
Clients can access Preqin Benchmarks and Indices across Preqin Pro, Aladdin, eFront, and Aladdin Wealth. The offering can be embedded into portfolio construction, performance measurement, governance, and reporting workflows.
The solution is also available through API-based integrations and redistribution arrangements. This enables wealth managers and third-party platforms to deliver Preqin benchmark data directly within their own client experiences.
KEY QUOTE:
“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. 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.”
Kunal Khara, Global Head of Aladdin Product at BlackRock
Source: Original Article
