Preqin expands private credit data across closed end, BDC and semi liquid vehicles, adds analytics and research products to unlock insights on a single platform.

BlackRock Aladdin announced new private credit capabilities on Preqin, marking the first step in a broader effort to bring greater transparency, analytical depth, and a single connected view of data to the private credit space. With an expansion of private credit data, benchmarks and analytics, Preqin Pro enables investors to analyze market trends, fund dynamics and underlying assets together, across closed end funds, Business Development Companies (BDCs) and semi liquid vehicles, all within a unified research and analytics experience.

As private credit markets scale and diversify, clients are seeking clearer, more connected insights across liquidity, risk and performance. The latest enhancements to Preqin begin to address a market gap, delivering consistent, standardized intelligence across private credit that underscores BlackRock’s commitment to evolving its global platform to meet client needs across their entire portfolio.

“Private credit is fragmented by design, with many wrapper formats and siloed data sources. We’re connecting them with one platform unifying data, analytics and AI Research Assistants across the market, replacing days of manual analysis with a single query,” said Kunal Khara, Global Head of Aladdin Product at BlackRock. “By marrying Aladdin technology and Preqin’s differentiated data and analysis tools, we can bring greater transparency to private markets investors. This represents a first step toward a market-leading, integrated private credit solution in the Aladdin ecosystem that will equip market participants with better data, analytics and transparency across the whole portfolio.”

The new private credit suite available includes:

• Creating a holistic view of the private credit market from fund to asset across fund types, strategies, asset types and issuers, spanning closed-end funds, BDCs and other semi-liquid structures.
• New asset-level benchmarks introduce standardized ways that converge the full spectrum of the BDC and closed ended universes, now allowing users to assess risk and performance trends across money multiples, valuation trends, leverage ratios, defaults and recoveries, equity cushion multiples and borrower financials.
• Enhanced BDC analytics, leveraging Aladdin technology to move beyond fund-level reporting and static reporting, and provide insight into underlying exposures, risk and performance
• Integrated AI-powered analytics and research enable users to interrogate market, fund and asset data within a single environment, synthesize with custom visual insights.

This launch is the first in a series of product enhancements that will deliver on Aladdin’s mission to help clients capture the expanding opportunity in private credit, aiming to bring a greater level of transparency through data, analytics and reporting across the whole portfolio.

The enhanced private credit capabilities support a broad range of market participants. For LPs, analytics led insight embedded in the platform provides clearer visibility into performance, risk, liquidity and exposure, while service providers gain a consistent, market wide view to support valuation, advisory, regulatory, and transaction workflows. For GPs, the platform connects standardized, cleaned, and benchmarked loan level data across BDCs and closed ended private credit to support investment decisions and risk management.

Source: BlackRock