BlackRock pushes common benchmarks into private markets
BlackRock’s expansion of Preqin benchmarks shows private markets acquiring more of the standardised measurement infrastructure long associated with public assets.
Private markets are large, but they remain much harder to compare than public assets.
What happened
BlackRock Aladdin expanded its Preqin Benchmarks and Indices offering.
The product combines reporting-grade indices with customisable peer benchmarks across the Aladdin ecosystem, including Preqin Pro, Aladdin, eFront and Aladdin Wealth.
Why it matters
Private equity and other alternative assets have historically lacked the same level of standardised, transparent benchmarking available in public markets.
That makes performance comparison, manager selection and portfolio construction more difficult.
BlackRock is trying to make benchmarking a more common infrastructure layer across private-market workflows.
The bigger picture
Private markets are gradually becoming more data-intensive and institutionalised.
As more capital moves into alternatives, investors need better measurement tools, comparability and analytics. The expansion of Preqin benchmarks is another step toward bringing public-market-style infrastructure into private assets.