BlackRock Aladdin today announced the expansion of its Preqin benchmarks and indices solutions to give investors access to both reporting-grade indices and customisable, transparent peer benchmarks in one place, helping to create a common performance measurement standard for private markets.
Available across the Aladdin ecosystem to clients of PreqinPro, Aladdin, eFront, and Aladdin Wealth, the service supports a broad range of private markets benchmarking needs, from peer comparison and manager evaluation to policy benchmarking and investment reporting, bringing greater transparency, consistency and standardization to private markets performance and risk analysis.
Private markets benchmarking has historically been fragmented and difficult to compare, with investors relying on disconnected tools across the investment lifecycle and often navigating multiple providers for different types of performance measurement, according to BlackRock.
By combining these within a single integrated solution and making the data available across the broader Aladdin ecosystem, investors gain a more accurate and comprehensive view of performance across the investment lifecycle.
Covering closed-end fund-level indices powered by comprehensive LP-sourced daily cash flow data, asset-level indices and more than 140,000 peer benchmarks, the product enables investors to compare performance across private markets with greater consistency, transparency, and granularity. The newly enhanced closed-end indices cover more than 10,000 funds, representing more than $13trn.
“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 Preqin Benchmarks and Indices across the full BlackRock technology ecosystem, including Preqin Pro, Aladdin, eFront, and Aladdin Wealth, embedding benchmarking into portfolio construction, performance measurement, governance, and reporting workflows.
The offering is also available through API-based integrations and redistribution arrangements, enabling wealth managers and third-party platforms to deliver Preqin benchmark data directly within their own client experiences.
Source: Original Article
