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BlackRock acquires asset/private market data provider Preqin

Nate Geraci, president of The ETF Store, said on social media that BlackRock acquired asset/private market data provider Preqin, seeking to use the data to eventually create an ETF. According to the Financial Times, financial data company Preqin is considering selling for more than $1 billion, and companies such as S & P Global and BlackRock are seeking to acquire Preqin.