BlackRock Aladdin has unveiled new private credit capabilities on Preqin, a data and analytics provider, in a move aimed at improving transparency and analytical depth across the asset class.
The expansion broadens private credit data coverage across closed-end funds, Business Development Companies (BDCs) and semi-liquid vehicles within Preqin Pro, allowing investors to assess market trends, fund dynamics and underlying assets within a single research and analytics environment.
The updated suite introduces asset-level benchmarks that standardise performance and risk analysis across BDC and closed-end universes, covering metrics including money multiples, valuation trends, leverage ratios, defaults and recoveries, equity cushion multiples and borrower financials.
Enhanced BDC analytics, powered by Aladdin technology, move beyond static fund-level reporting to offer insight into underlying exposures and performance. Additionally, integrated AI-powered analytics allow users to interrogate market, fund and asset data from within a unified environment, combining data with customisable visual outputs.
The enhancements are designed to serve a broad base of market participants: limited partners gain clearer visibility into performance, risk and liquidity; general partners can access standardised, cleaned and benchmarked loan-level data to support investment decisions; and service providers receive a market-wide view to assist with valuation, advisory, regulatory and transaction workflows.
BlackRock global head of Aladdin product Kunal Khara said, “Private credit is becoming a core part of portfolios, but the data remains fragmented, making it difficult for investors to understand their risk and benchmark their performance. This expansion brings together Aladdin technology with Preqin and eFront data and analytics to create a more unified, transparent and robust view of private credit. It’s another step toward our mission to build a more connected ecosystem that helps clients better understand risk, performance and opportunity across their whole portfolio.”
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