According to Techub News, Bloomberg reported that BlackRock will acquire private capital database provider Preqin for 2.55 billion pounds (about 3.2 billion U.S. dollars) in cash. The acquisition enhances BlackRock's ability to monitor risks and analyze data in the fast-growing private asset market and expand its Aladdin technology system.

The transaction is expected to be completed by the end of this year, subject to regulatory and other necessary approvals.