by Cameron Nicol, Senior Marketing Manager – eVestment Private Markets
eVestment, a global leader in institutional investment data and analytics, today announced a data partnership with Preqin, the foremost provider of alternative assets insight and intelligence. The partnership will give eVestment clients access to Preqin’s industry-leading private capital performance benchmarks directly from within the eVestment Private Markets platform.
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.
New Data to Compliment Existing Performance Analytics
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 looked forward to continued integrations with Preqin to expand on this partnership.”
“Preqin is very pleased to announce this collaboration, which brings together two of the alternative assets industry’s leading data and software providers,” added Ayo Akindele, Head of Global Channel Sales at Preqin. “The inclusion of our benchmarks on the eVestment Private Markets platform offers users a powerful new tool when assessing returns. Preqin understands how critical it is to the portfolio management process that asset owners can gain insight and analysis in the most effective way possible. This integration is the first step in an exciting partnership with the eVestment platform, and further states our intention to allow industry participants to access our data wherever they are and however they operate.”
Multiple Data Sources in One Platform
This partnership represents the eVestment Private Markets group’s continued commitment to its clients, and makes eVestment Private Markets the first platform to offer access to multiple industry data sources and provide users with the flexibility to choose their preferred source.
For more information about the partnership click here.