BlackRock Aladdin Expands Private Credit Solutions on Preqin for Greater Transparency and Insights across the Asset Class

Key Terms

business development companies (bdcs) financial

Business development companies (BDCs) are publicly traded investment firms that provide loans, equity, and advice to small and mid-sized private companies, and are required by law to distribute most of their profits to shareholders. For investors they work like a blend of a bank and a venture partner—offering potentially higher dividend income and exposure to growing private businesses, while carrying risks from credit losses and less liquid investments.

closed‑end funds financial

Closed-end funds are pooled investment vehicles that issue a fixed number of shares which trade on stock exchanges like a company’s stock, rather than being continuously bought or sold by the fund itself. They matter to investors because the market price can differ from the fund’s underlying asset value—trading at a discount or premium—so you can gain or lose extra value beyond the fund’s investments, and they often use leverage and aim to pay steady income, affecting risk and return.

semi‑liquid vehicles financial

An investment vehicle that provides only partial or conditional access to your money—redemptions are limited by schedules, notice periods, withdrawal caps, or by holdings that take time to sell. Think of it like a savings account that lets you withdraw only on certain days or a home sale that can’t be sped up: you can get cash, but not instantly. For investors this matters because restricted liquidity increases the risk of being unable to exit quickly during market stress and can affect returns and pricing.

leverage ratios financial

Leverage ratios measure how much debt a company uses compared with its size or owners’ funds, expressed as simple comparisons like debt-to-equity or debt-to-assets. Like checking how big your mortgage is compared with your house value or income, these ratios show how exposed a business is to higher interest rates, falling sales or cash shortages. Higher leverage usually means more risk and potentially higher returns, while lower leverage implies a more conservative balance sheet.

defaults and recoveries financial

Defaults occur when a borrower fails to meet a promised payment or other agreed obligation on a loan, bond, or financial contract; recoveries are the portion of money investors are able to get back afterward through collateral claims, restructurings, or legal proceedings. Think of it like a borrower not paying a loan (default) and a lender selling off the borrower’s assets or negotiating a reduced payout to recoup some losses (recovery). Investors care because higher default rates and lower recoveries mean bigger potential losses, which affect expected returns, credit prices, and portfolio risk management.

equity cushion multiples financial

Equity cushion multiples measure how much owner equity stands between investors and losses, expressed as a multiple of the debt or loss amount it would cover. Think of it as the thickness of a safety mat under a fragile object: a larger multiple means equity can absorb more decline before debt holders are affected, so it signals the buffer against losses and the relative safety or risk for lenders and holders of different securities.

ai-powered analytics technical

AI-powered analytics uses artificial intelligence tools to sift through large, varied datasets and surface patterns, trends, forecasts or unusual signals that would be hard for humans to spot on their own. For investors, it speeds research and highlights potential risks or opportunities earlier—like giving a financial detective a faster magnifying glass—helping inform quicker, more data-driven buy, sell, or risk-management decisions.

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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

LONDON--(BUSINESS WIRE)-- BlackRock Aladdin today 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 becoming a core part of portfolios, but the data remains fragmented, making it difficult for investors to understand their risk and benchmark their performance,” said Kunal Khara, Global Head of Aladdin Product at BlackRock. “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.”

The new private credit suite available today 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.

About Aladdin® by BlackRock

BlackRock Aladdin®—inclusive of the Aladdin platform, eFront®, Aladdin Wealth™, and Preqin—empowers institutional investors to make more informed decisions by providing a common data language across the whole portfolio.

Used by asset managers and owners including banks, financial institutions, pensions, corporations, insurers, and wealth managers, our technology enables clients to manage the entire process from building portfolios and managing performance to operations and accounting. With Preqin, our integrated tech and data solutions support clients across the pre- and post-investment cycles. Complemented by our interconnected ecosystem of partners, BlackRock Aladdin helps firms stay agile as market dynamics and client demands evolve.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260506612480/en/

Mimi Celeste Taylor
mimiceleste.taylor@blackrock.com

Source: BlackRock