BlackRockNYSE: BLK

Goldman Sachs analyst Alexander Blostein reiterated a Buy rating on BlackRock, Inc. BLK with a price forecast of $929.

BlackRock Inc. has shifted its sights in the past, moving from dominance as an index manager into ETFs, and is now realigning itself again to get into the private-asset business by acquiring data provider Preqin, Silla Brush tells Sonali Basak on "Bloomberg Markets." -------- More on Bloomberg Television and Markets Like this video?

BlackRock (BLK) has agreed to buy private markets data provider Preqin in a £2.55 billion (US$3.2 billion) cash deal, the world's largest asset manager announced Sunday.

BlackRock Inc (NYSE:BLK) has made another bold step in the alternative investment space with the acquisition of UK fund data firm Prequin for £2.55 billion. The fund management giant outbid the London Stock Exchange Group PLC (LSE:LSEG) and S&P Global in an auction, according to the reports today.

BlackRock could start offering indexes and exchange-traded funds (ETFs) for private markets, the asset manager said on Monday, after it announced a deal to buy data provider Preqin for nearly $3.2 billion.

A previous version of this article gave an incorrect spelling of Preqin in the headline. The story has been corrected.

To expand its presence in alternatives markets and boost private markets capabilities, BlackRock (BLK) announces a deal to buy Preqin for $3.2 billion in cash.

BlackRock is buying private capital database provider Preqin for $3.2 billion in cash. Private markets are the fastest growing part of asset management.

The company said late Sunday that it will pay cash for Preqin, a privately held firm that specializes in data about private markets.