NEW YORK, June 20, 2019 /PRNewswire/ -- Broadridge
Financial Solutions, Inc. (NYSE: BR), a global Fintech leader
and part of the S&P 500® Index, has entered into an agreement
with Preqin, the leading provider of global private market data, to
offer clients private assets and flows data for alternative
products. The Preqin data comprises intelligence on approximately
$10.42 trillion of assets in private
equity, venture capital, hedge funds, real estate, infrastructure,
private debt and natural resources.
Broadridge is integrating Preqin's private market data into its
distribution data and analytics platform, which provides global
mutual fund and ETF distribution data to asset managers to help
track asset flows, measure market share, identify opportunities and
benchmark sales performance across global markets. This new
offering will provide a consolidated and holistic view of public
and private global capital allocations and asset flows mapped by
institutional distribution channels, enabling asset managers to
benefit from unique insights comparing and contrasting the
opportunities and strategies for success in private and public
markets.
Alternative assets under management have increased three-fold
since 2008, eclipsing the growth rates of active mutual funds. High
investor satisfaction coupled with strong demand for
capacity-constrained strategies have also kept fee levels highly
attractive for alternative managers.
"As institutional asset owners increase allocations to
alternative products, asset managers are interested in analyzing
capital flows for both traditional and alternative asset classes
across channels. Integrating Preqin data is an ideal way to enable
Broadridge clients to see that complete picture in the most
convenient way," said Frank
Polefrone, Broadridge's head of global insights. "This is
another example of how we are integrating new data sets into our
existing suite of data-driven solutions to deliver deeper insights
for our clients."
"No investor allocates only to alternatives. Partnering with a
market leader like Broadridge allows Preqin to deliver our data to
clients wherever and however they need it. More importantly, this
collaboration provides global market participants with holistic
insights into both public and private capital flows, helping
institutional investors and asset managers make better-informed
decisions about their portfolios," said Dmitri Sedov, chief product and marketing
officer at Preqin.
The solution will feature detailed asset and flow data across
all global funds, and an expanded institutional view including
detailed private fund market analytics, alongside segregated
accounts, CITs and other pooled products by institutional channels
and client types.
About Broadridge
Broadridge Financial Solutions, Inc.
(NYSE: BR), a global Fintech leader and a part of the S&P 500®
Index, is the leading provider of investor communications and
technology-driven solutions to banks, broker-dealers, asset
managers and corporate issuers globally. Broadridge's investor
communications, securities processing and managed services
solutions help clients reduce their capital investments in
operations infrastructure, allowing them to increase their focus on
core business activities. With over 50 years of experience,
Broadridge's infrastructure underpins proxy voting services for
over 50 percent of public companies and mutual funds globally, and
processes on average more than $5
trillion in fixed income and equity trades per day.
Broadridge employs over 10,000 full-time associates in 18
countries. For more information about Broadridge, please visit
www.broadridge.com.
About Preqin, Inc.
Preqin is the home of alternative assets, providing
industry-leading intelligence on the market and cutting-edge tools
to support participants at every stage of the investment cycle.
More than 82,000 industry participants in over 90 countries rely on
Preqin as their indispensable source of data, solutions and
insights.
Preqin's data and analysis is frequently presented at industry
conferences, and is used in the global financial press and academic
journals and white papers. We are always happy to support
journalists by providing reports, custom data and one-on-one
interviews.
Media Contacts:
Matthew Luongo
Prosek Partners
mluongo@prosek.com
+1 646-396-0966
Preqin:
William Clarke – Senior
Communications Manager
william.clarke@preqin.com
+44 20 3207 0265
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SOURCE Broadridge Financial Solutions, Inc.