Barings, one of the world’s leading investment management firms, announced today that it has supported Preqin, one of the market leaders for data and research to the alternative assets industry, via a senior secured facility to finance the acquisition of Colmore, one of the leading providers of software and analysis to global investors.
“For years, Preqin has provided crucial information and actionable data to a long list of blue chip customers across the financial services industry. The acquisition of Colmore will further bolster their offering and distinguish the company as the preeminent private markets data provider. We are delighted to support Preqin in this new chapter of its growth,” said Joseph Buckley, Director, Barings European Private Finance group.
“We continue to seek out high quality businesses with sustainable differentiation and the combination of Preqin and Colmore certainly represents this.”
Preqin provides visibility into the opaque private markets with in-depth coverage of all major asset classes ranging from private equity, venture capital, hedge funds, real estate, infrastructure, secondaries, and more. Colmore’s cutting-edge alternative assets portfolio monitoring and fund administration platform allows investors to manage their portfolio in real-time. Clients will benefit from integrated services that combine a perspective on the overall market with insights on the individual portfolio.