BlackRock Aladdin has announced the expansion of its Preqin Benchmarks and Indices solutions, writing that this is designed 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 Preqin Pro, Aladdin, eFront, and Aladdin Wealth, the enhanced solution 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.
The firm writes that 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.
“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 solution 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 USD13 trillion. Preqin’s benchmarks and indices suite combine broad market coverage, high-quality data, and comprehensive features within a single integrated solution, bringing together capabilities that have traditionally been accessed through multiple tools.
“As private markets become a larger part of institutional and wealth portfolios, the enhanced solution helps investors benchmark, analyse and report on performance and risk with greater consistency and confidence, while extending institutional-quality benchmarking into advisory and model portfolio workflows.”
“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,” says 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 transparent, customisable 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.”
