iConnections today announced a collaboration with Preqin, a part of BlackRock. The partnership brings Preqin data into Violet, iConnections’ AI-powered capital introduction platform. Preqin is one of the industry’s leading sources of private markets data and intelligence. Its coverage spans fund managers, institutional investors, funds, benchmarks and indices.
Powered by Preqin, the integration gives Global Alts attendees access to a broader network of institutional alternatives market participants. Moreover, attendees get this access inside the same platform where thousands of allocators and managers already discover one another. There, users book meetings and build relationships. As a result, Preqin’s private markets data will drive more networking and greater discovery at iConnections’ Global Alts events.
Ron Biscardi, CEO of iConnections, explained the thinking behind the move.
“Alternative investing has always been driven by relationships, but the next chapter will be driven by relationships informed by better data,” said Ron Biscardi, CEO of iConnections. “Bringing Preqin’s institutional intelligence into iConnections gives allocators and managers a richer understanding of who they should know, why they should connect and where opportunities may exist. Data is most powerful when it shows up where decisions are actually made. That’s what we’re building.”
Both companies bring serious scale to the table. Preqin has spent more than two decades building the data and intelligence that more than 200,000 professionals globally rely on. Meanwhile, iConnections has built a capital introduction network of more than 26,000 allocators, fund managers and industry participants. Together, these participants represent over $55 trillion in assets. Violet is the platform where those relationships begin.
How Global Alts Attendees Will Use Preqin Intelligence in Violet
Through Violet, Global Alts attendees can use Preqin intelligence within their own workflows. First, they can research organizations. Next, they can evaluate potential relationships. Finally, they can prepare for the one-to-one meetings that define iConnections’ Global Alts events.
Stephen Baker, Global Commercial Lead for Preqin at BlackRock, shared the broader vision for the collaboration.
“The future of private markets will be shaped by better data, greater connectivity and smarter workflows,” said Stephen Baker, Global Commercial Lead for Preqin at BlackRock. “Through our collaboration with iConnections, we’re extending Preqin’s comprehensive market intelligence into the places where investors discover opportunities, build relationships and make investment decisions.”
Rob Tappero, Chief Revenue Officer of iConnections, stressed the shared benefits.
“We designed this collaboration so our members, Preqin and iConnections all benefit,” said Rob Tappero, Chief Revenue Officer of iConnections. “Attendees experience Preqin intelligence at the moments that matter most. With thousands of allocators and managers connecting on Violet, we see a long runway for this relationship.”
The Preqin integration will roll out to Global Alts event attendees through Violet. The rollout begins with Global Alts Asia in November. Therefore, attendees at that event will be among the first to use Preqin data inside the platform.
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News Source: Businesswire.com
