LSEG has recently announced an expanded partnership with BlackRock (NYSE:BLK), strengthening LSEG’s private markets intelligence offering. Through a new data integration, LSEG’s customers will gain insights in private markets and alternative assets by accessing Preqin data via LSEG’s Workspace platform and Data & Feeds products.
The addition of private markets data now enhances LSEG‘s overall depth, breadth and quality of data across public and private markets and “brings Preqin’s private markets data to a new category of investors.”
David Schwimmer, CEO, LSEG, said that this expanded collaboration with BlackRock is a demonstration of “the value of partnership and access to trusted data and analytics.”
They also noted that investor demand for alternative data is accelerating and they have a combination of data assets and “are delighted to add Preqin data to our leading data and content offering.”
This combination is vital in “enabling investment decisions that are based on the most accurate and timely information.”
Rob Goldstein, COO, BlackRock, said that LSEG’s data provided “consistency and transparency for BlackRock and its customers for years.”
They added that as private markets become central to portfolio construction, this Preqin data integration builds on their relationship, “offering investors the insights they need to navigate complexity and uncover opportunity.”
Additionally, LSEG and BlackRock have also deepened their data integrations in two other areas. LSEG has renewed its multi-year partnership with BlackRock’s Aladdin platform bringing platform “access to LSEG’s Pricing and Reference Services data to power their investment decisions.”
In addition to this, BlackRock has announced the extension its partnership with FTSE Russell, enabling BlackRock to continue to licence the index provider’s benchmarks to “create a variety of investment vehicles for its clients.”
As covered recently, LSEG announced that 11 global banks (together, the Investing Banks) have agreed to invest in its Post Trade Solutions business, acquiring a 20% stake.
The Investing Banks will each now become shareholders in Post Trade Solutions, acquiring the stake for “aggregate cash consideration of £170 million, valuing the whole of Post Trade Solutions at £850 million.” Post Trade Solutions generated revenue of “£96 million and normalised EBITDA of £16 million in 2024.”