Acquisition And GrowthThe acquisition of Preqin significantly enhances BlackRock's private markets, technology, and whole portfolio solutions capabilities.
Market OpportunitiesBlackRock is positioned to capitalize on the fastest growing segment of asset management, with private markets expected to grow at 14% CAGR to $39 trillion of AUM.
Revenue And Client ExpansionPreqin adds approximately $240 million of highly recurring revenue and expands BlackRock's client base with over 4,000 new relationships.