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

BlackRock Aladdin announced new private credit capabilities on Preqin, positioning the release as the first step in a broader effort to deliver greater transparency, analytical depth and a single connected view of data across the asset class, according to a Business Wire release issued from London. The expansion adds private credit data, benchmarks and analytics to Preqin Pro, allowing investors to analyze market trends, fund dynamics and underlying assets together across closed-end funds, Business Development Companies (BDCs) and semi-liquid vehicles.

The release states that as private credit markets scale and diversify, clients are seeking clearer, more connected insights across liquidity, risk and performance. BlackRock says the enhancements begin to address a market gap by offering consistent, standardized intelligence across private credit. Kunal Khara, Global Head of Aladdin Product at BlackRock, said that private credit is becoming a core part of portfolios but that data remains fragmented, making it difficult for investors to understand risk and benchmark performance. He said the expansion combines Aladdin technology with Preqin and eFront data and analytics.

The new suite includes a holistic view of the private credit market from fund to asset across fund types, strategies, asset types and issuers. It also introduces asset-level benchmarks that assess risk and performance trends using money multiples, valuation trends, leverage ratios, defaults and recoveries, equity cushion multiples and borrower financials. Enhanced BDC analytics are designed to move beyond fund-level and static reporting to reveal underlying exposures, risk and performance. Integrated AI-powered analytics and research allow users to interrogate market, fund and asset data within a single environment and generate custom visual insights.

BlackRock says the enhanced capabilities serve a range of market participants. For LPs, analytics-led insight is intended to provide clearer visibility into performance, risk, liquidity and exposure. 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-end private credit funds to support investment decisions and risk management. The release describes this launch as the first in a series of product enhancements. The release did not disclose financial terms of the launch.