Preqin

Last updated
Preqin Ltd.
Company type Private
Founded2003;22 years ago (2003)
Headquarters London
Key people
ProductsResearch & data
Number of employees
1500+
Website www.preqin.com

Preqin Ltd. is a privately held London-based investment data company that provides financial data and insight on the alternative assets market, as well as tools to support investment in alternatives. By the company's own definition, its data encompasses private capital and hedge funds, including fund, fund manager, investor, performance and deal information. The asset classes it covers are: private equity, venture capital, hedge funds, private debt, real estate, infrastructure, natural resources and secondaries. Preqin competes with companies such as Pitchbook, CapitalIQ, Burgess, Octum AI, Tracxn, Crunchbase, and other financial databases.

History

Preqin launched as ‘Private Equity Intelligence’ in 2003. Founded by Mark O’Hare and Nick Arnott, it began by listing private equity performance data, relying on the Freedom of Information Act (UK FOIA). [1]

In 2018 the business launched a research report titled Women in Alternatives, which detailed underrepresentation of women in the alternative assets industry. [2]

In August 2021, Preqin fully acquired Colmore, [3] a leading private markets technology, services and administration business. [4]

Preqin won The Queen's Award for Enterprise in International Trade in 2016 and 2019, [5] was a national winner at the 2019 European Business Awards, [6] and was named as part of the Sunday Times International Track 200 in the same year. [7]

On July 1, 2024, BlackRock confirmed it would acquire Preqin for £2.55 billion. [8] The plan was to combine Preqin’s data and research tools with Aladdin. [9]

References

  1. ↑ "Freedom of Information Act 2000". www.legislation.gov.uk. Expert Participation. Retrieved 2018-11-30.{{cite web}}: CS1 maint: others (link)
  2. ↑ "Women under-represented in alternative asset industry". Financial Times. 11 October 2017. Retrieved 2018-11-30.
  3. ↑ "Colmore «". www.colmore.com/.
  4. ↑ "Preqin Acquires Colmore". www.colmore.com/preqin-acquires-colmore/. 11 August 2021.
  5. ↑ "Preqin Ltd «". queensawardsmagazine.com. Retrieved 2018-11-30.
  6. ↑ "The European Business Awards". www.businessawardseurope.com. Retrieved 2020-10-15.
  7. ↑ TWK. "Fast Track". Fast Track. Retrieved 2020-10-15.
  8. ↑ "BlackRock Buys Preqin for $3.2 Billion in Private Data Expansion". Bloomberg.
  9. ↑ Thrasher, Michael (2024-07-01). "How BlackRock's Preqin Deal Will 'Transform' the World's Biggest Asset Manager". Institutional Investor. Retrieved 2024-07-05.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.