The race to model private market risks
BlackRock maps holdings to risk factors; competitors aim to get the best from statistical methods
BlackRock’s most expensive acquisition in 2025 was the $12 billion purchase of private markets investment house HPS Investment Partners. But the firm’s most significant recent buy, chief executive Larry Fink told attendees at RBC’s Global Financial Institutions conference in New York in March, could turn out to be Preqin, the private markets data business.
BlackRock hopes the purchase of Preqin for
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