Prequin, one of the leading providers of alternative assets insight and intelligence, has agreed to a partnership with eVestment, a company that is a world leader in institutional investment data and analytics. The partnership between the two firms will give eVestment clients access to Prequin’s private capital performance benchmarks while still operating in eVestment’s Private markets platform.
This press release appeared in Globe Newswire:
This expansion of data and analytics capabilities on the eVestment Private Markets platform is another step in eVestment’s strategic focus on deepening support for private markets investing as the asset class becomes an increasingly prominent part of investors’ portfolios. Data from eVestment showed private markets funds receiving the largest number of commitments by public plan investors across all key asset classes in 2018.
The first phase of this partnership will enable existing eVestment Private Markets clients to access Preqin’s private capital fund benchmarks to allow them to evaluate private markets fund performance versus peer groups. Preqin’s benchmarks are based on fund-level performance from more than 10,000 vehicles, the largest performance base in the industry. Future phases of the integration will allow eVestment clients to view individual private capital funds’ performance.
The inclusion of Preqin’s private capital fund benchmarks within eVestment Private Markets compliments eVestment’s existing performance analytics and market intelligence tools and expands the due diligence and research capabilities for private markets general partners (GPs), limited partners (LPs) and advisors.
Katey Bogue, Head of eVestment Private Markets, said of the partnership: “The Preqin private capital performance benchmarks are widely used in assessing manager performance relative to peers, and adding them to the platform gives our clients access to another trusted source of market data in performing their due diligence and analytics activities. We look forward to continued integrations with Preqin to expand on this partnership.”
