BlackRock Integrates Preqin to Boost Private Credit Data Transparency

Following its £2.55 billion acquisition of Preqin, BlackRock has enhanced Aladdin’s private credit capabilities on the Preqin platform, reflecting private credit’s shift from niche to core corporate finance component.

Indexing Private Markets

For finance experts in the UK and US, this development comes at a key time. Private credit assets are expected to surpass $2 trillion by 2026, with predictions reaching up to $4 trillion by 2030. By combining Aladdin’s sophisticated analytics with Preqin’s extensive data, the partnership tackles a major industry challenge: the absence of uniform, real-time data across various fund types.

Historically, private credit data has been siloed by design, with distinct reporting standards for closed-end funds, Business Development Companies (BDCs), and semi-liquid vehicles. The new Aladdin-powered enhancements on Preqin Pro begin to close this gap by offering a unified research and analytics experience that allows investors to move beyond static, fund-level reports to interrogate underlying asset-level data. The system also provides new standardised benchmarks for money multiples, leverage ratios, valuation trends, and recovery rates, enabling a level of cross-fund comparison that was previously impossible.

Tightening Competition

Convergence of Tech is becoming evident across the industry. The wall between public and private market technology is crumbling, as seen by the integration of eFront and Preqin into the Aladdin ecosystem to provide a “whole portfolio” view. Transparency is increasingly the primary competitive advantage. In 2025, nearly 50% of private credit loans in the US buyout market were priced below the S&P 500 level as direct lenders competed aggressively with the broadly syndicated loan market. In this “risk-on” environment, where credit spreads are compressed, the ability to accurately price risk using standardised, loan-level data becomes essential.

With 81% of institutional investors planning to maintain or increase private credit allocations, success will hinge on providing the most interoperable and reliable data. Transparency is the new benchmark for performance, as the industry moves away from opaque investing practices.