LONDON – The London Stock Exchange Group (LSEG) announced on Wednesday that it is expanding its strategic partnership with BlackRock, a move aimed at enhancing access to private markets data for institutional clients and investors worldwide.

Under the extended agreement, LSEG clients will gain access to data feeds from Preqin, a leading provider of private markets intelligence that BlackRock acquired in 2024. This collaboration will integrate Preqin’s comprehensive data on private equity, venture capital, real estate, and infrastructure investments directly into LSEG’s analytics and data platforms.

LSEG Strengthens Position in Private Markets Data

The expansion marks another step in LSEG’s ongoing effort to diversify its data and analytics offerings beyond traditional public market instruments. The company has been strategically positioning itself to serve growing investor demand for transparency and insights into private capital markets, a sector that has surged globally as institutional investors seek alternative sources of return.

“Private markets are an increasingly important component of the investment landscape,” said an LSEG spokesperson. “Our enhanced collaboration with BlackRock will help investors access richer, more actionable data to inform their decisions.”

BlackRock’s Preqin Acquisition Bolsters Data Integration

BlackRock’s 2024 purchase of Preqin provided the world’s largest asset manager with an edge in private asset data and analytics, supporting its ambitions to expand in alternative investments. The integration of Preqin data into LSEG’s ecosystem will allow both firms to capitalize on their complementary strengths: BlackRock’s global asset management reach and LSEG’s technology and data infrastructure.

The partnership is expected to streamline data delivery for institutional investors using LSEG’s Refinitiv platforms, giving them deeper visibility into fundraising, deal flow, performance benchmarks, and fund manager activities across private markets.

CEO Schwimmer Eyes Growth Beyond AI Disruption

LSEG CEO David Schwimmer has previously emphasized that artificial intelligence does not pose a major threat to LSEG’s core businesses. Instead, he has pointed to data partnerships and private market expansion as key growth areas for the group.

During the company’s third-quarter earnings report last week, Schwimmer hinted that LSEG plans to push further into the private assets space, capitalizing on increased investor appetite for diversified data sets that blend public and private market intelligence.

Industry analysts see the move as part of LSEG’s broader strategy to fortify its role as a data powerhouse, competing with other major financial data providers such as Bloomberg and S&P Global.

Private Markets Data Demand on the Rise

Global investment in private markets — spanning private equity, venture capital, and infrastructure — has grown steadily over the past decade. As firms seek greater insight into these opaque markets, data-driven partnerships like that between LSEG and BlackRock are expected to redefine how investors source, evaluate, and monitor private assets.

With Preqin data now embedded within LSEG’s ecosystem, clients will benefit from enhanced analytical tools, improved risk assessment, and better access to deal intelligence.

Looking Ahead

The expanded partnership underscores both companies’ shared commitment to data innovation and digital transformation in financial markets. As investor demand for alternative asset data continues to grow, LSEG and BlackRock’s collaboration positions them to capture a greater share of the global financial data market.