2024 Year in Review - Limited Partners
At Preqin, we’re committed to continually expanding our services and focusing on how we can serve your needs better. In 2024 we made significant improvements to our data and solutions, developing many exciting new products and features to help you make informed decisions at every stage of the investment process.
Our key product updates saw the launch of two new tools – Term Intelligence and Transaction Intelligence. Further updates included enhanced customization and search functionalities in Preqin Pro, expansions to Preqin Indices, ESG information, and company data, and vital improvements to Preqin data plugins.
Since the start of 2024, we’ve published many key reports, including Preqin’s State of the Market and Investor Outlook for H1 and H2 2024, Asset Allocation and Strategy in Focus series, and our most comprehensive annual review, Preqin Global Reports 2025 – all covering key trends and shifts across the alternatives industry.
Our data coverage is also continually expanding. As of January 2025, we have 63,800+ funds with performance and 14,700+ private capital funds with up-to-date performance. We’ve increased our performance data coverage by 7% and capitalization by 9%, with more than 15k funds with up-to-date performance representing $11.9tn in capitalization.
If you would like a training session to learn more about any of our updates or new products, please reach out to your dedicated account manager, or our Client Services team via email or live chat (available 24/5, Mon-Fri).
Insights
Market intelligence at your fingertips
Our expert team of alternative investment specialists published 270 news stories, 114 free reports, and 117 premium research reports to bring you timely and critical private market insights into the latest news, trends, key developments, opportunities, and challenges.
In case you missed any of it, here’s the most-read content from 2024:
Innovating for private wealth growth: GPs are adapting to meet demand
Family Offices in 2024: Lessons on Investing in Alternatives
Events
Hear from private market experts and build connections
In 2024, we hosted, organized, and partnered on 110+ events and webinars. With our investor clients in mind, three in-person events and three webinars were organized specifically for LPs.
Preqin Global Reports 2024 Webinar Series
Women in Alternatives 2024
Embrace the Alternatives: Looking Beyond 60/40 Investment Strategies
Maximizing Market Opportunities with Private Capital Benchmarks
Family Offices in APAC & the Middle East
ESG in Alternatives 2024
Benchmarking Private Market Performance
Navigating Private Markets with Preqin Indices and Benchmarks
Explore Preqin's conferences and events hub
Product releases
Power your investment process with the latest enhancements to Preqin solutions
Gain a comprehensive view of the market with expanded data coverage into semi-liquid funds
We expanded our data coverage to include 500+ semi-liquid funds. Access their performance and valuations data with advanced search filters across six different evergreen fund structures – including BDCs, ELTIFs, LTAFs, interval funds, tender offers, and non-traded REITs.

Term Intelligence
Understand the fund terms and market standard for credit facility terms with Term Intelligence
Benchmark fund terms against the market and compare them to a diverse range of LPAs with our new solution – Term Intelligence. Term Intelligence gives you the clarity you need to conduct pre-investment due diligence and negotiate the most beneficial fund terms with confidence.
Extracted from a database of 2,500+ LPAs, Term Intelligence enables you to benchmark LPAs across asset classes and strategies, gain transparency on fees and expenses, and analyze whether terms are compliant with ILPA Principles 3.0.
Term Intelligence benchmarks include credit facility terms to provide you with an understanding of their level of adoption in private markets, what the credit facilities are secured against, and the level of indebtedness or cap in this regard. Users can now understand the fund terms data behind the Term Intelligence benchmarks with the new Fund Coverage dashboard – showing you the breakdown of funds by asset class, strategy, vintage, and fund size.

Transaction Intelligence
A transaction repository powered by customizable analytics
Transaction Intelligence is a new, unique tool enabling you to go beyond fund-level performance with asset-level and deal-level data in an easy-to-use, customizable format.
This tool gives you access to asset and deal data sourced directly from fund manager reports to investors. These datasets are aggregated and anonymized to save your teams valuable time and resources when building personalized reports on historical deal performance and valuations in private markets.

Analyze performance distribution across deals and valuations with Transaction Intelligence
New data visualization charts in Transaction Intelligence give you a clearer view of deal performance and valuation metrics. Forecast a range of potential outcomes for investments or transactions, create more accurate pricing models, and improve risk mitigation strategies. The added charts, the histogram, and the cumulative percentile function make it easier to see the dispersion of a performance metric around its median to help you identify outliers and risks, or measure volatility.
Benchmark fair valuation adjustments with new analytics in Transaction Intelligence
The addition of two new analytics tabs within Transaction Intelligence brings more transparency to asset pricing by helping you understand fair value adjustments (FVA) better. By benchmarking FVA, you can:
Ensure boards, valuation committees, and IPV teams can test the effectiveness of their valuation policy
Enable internal valuation teams to compare mark-to-market assumptions against peer consensus of fair valuation adjustments
Immediately understand where you diverge from peers when receiving regulatory requests related to asset valuation practices and audits
The new FVA Overview and FVA Analysis tabs are available to all customers with access to Transaction Intelligence.

Analyze the average net debt of tracked companies
Net debt multiples data has been added to Preqin’s Transaction Intelligence, enabling you to easily understand the average net debt of a cohort of companies that match your preferences, whether you are valuing a private asset against that cohort, comparing performance, or looking into NAV financing.
Net debt multiples have been added within the Valuation Overview tab for a high-level view of valuations – including this new metric at entry, entry for released deals only, and exit levels. Net debt multiples are also available within the Valuation Analysis tab to help you analyze this metric across the distribution, histogram, and correlation analysis charts.
Preqin Pro updates
Upload target lists in Preqin Pro
Effortlessly track and learn more about your desired fund managers by uploading specified firm target lists from conferences, events, or other sources directly into Preqin Pro to explore the full data Preqin holds on them.
With this new feature, you can:
Save time and resources by quickly generating target lists of your desired firms
Keep up to date with notifications to stay on top of new developments with your monitored targets
Share your target lists with colleagues to enhance collaboration

Monitor contact updates in Preqin Pro
Have you ever emailed a key contact at a firm only to discover that they no longer work there? With the ‘Contact updates’ page, you don’t need to worry about out-of-date information.
This feature gives you a clear view of key personnel changes within organizations on your target lists, so you can quickly spot investment opportunities in a timely manner and monitor changes in management teams.

Support your capital deployment activities
Deal sourcing
Leverage fund performance data to identify private companies to invest in
Boost your deal origination by identifying potential investments likely to come to market soon based on the performance of the fund they are part of, with new filters for fund performance in Company Search.
Search for companies based on fund performance data, with the ability to filter by DPI, IRR, and net multiple, in conjunction with existing holding period, fund vintage, and fund size filters.
This makes it easier for you to follow the entire flow of capital and understand the connections between the individual assets, funds, and managers involved to assess the value of your next direct or co-investment opportunity more comprehensively.

More bootstrapped companies to boost your deal origination
Broaden your deal origination when deploying capital with access to a new dataset of 21,000+ UK-based bootstrapped companies. The new dataset includes companies with a £1m+ turnover and a minimum of three years of consecutive filings to help you find the best investment opportunities with high potential for value creation.
Navigate to Company Search in Preqin Pro and select ‘Non-sponsor-backed’ under the ‘Funding Type’ section in ‘More filters’ to explore these new companies.

Source new deals with companies similar to your targets
Identify potential investment opportunities similar to your existing targets or build comparison sets with the enhanced ‘Similar Companies’ feature on company profiles in Preqin Pro.
Compare companies based on employee counts and growth, financials, and more – enabling you to gauge performance for competitor analysis or refine your target lists for deal sourcing.
The latest enhancements include new filters that enable you to refine a list of similar companies based on location, sector, and stage. You can also sort each column to populate the results based on your preferences. Simply navigate to the ‘Similar Companies’ tab in a company profile – accessible via Company Search in Preqin Pro.

Source companies using ESG-related information
Easily create investment target lists for companies based on ESG asset-level information, with new inclusion and exclusion criteria such as ESG fund, EU taxonomy eligibility, UN SDG alignment, and controversial industry in Company Search. These complement the current filtering options – such as sector, company stage, financials, valuations, fund performance, and the Actionability Signal tool – to power your deal sourcing.

Early due diligence
Assess the value of your target investments more accurately
Go deeper when conducting your early due diligence, with valuation multiples benchmarks and estimated valuations now available for 96,000+ private-equity-backed companies.
This addition to company profiles enables you to determine the value of a potential acquisition or investment more accurately by benchmarking it against similar private market deals – with the option to filter by sector, deal size, and EV range at entry and exit levels.

Expanded buyout deals for enhanced manager selection
The expanded buyout deals table has been enriched with new columns and a target status filter, giving you more information on deals and related funds when you search for companies to invest in, carry out early due diligence, or select managers. Data points such as deal dates are also linked to deal profiles, ensuring you can navigate from fund manager profiles to deal profiles with one click.
You can access the newly added data points via the buyout deals table under the ‘Deals/Assets’ tab on fund manager profiles.

Conduct early due diligence with enhanced private company ownership data
Quickly discern active owners from realized ones with accurate information on their holding periods at your target companies. Use these insights to forecast investor exits and conduct your early due diligence. These enhanced ownership tables can be found in the ownership tab within company profiles or on the buyout deals table under the ‘Deals/Assets’ tab via fund manager profiles on Preqin Pro.

Analyze returns with expanded cap table coverage for US companies
Gain a clear understanding of a company's ownership structure with cap tables – now available for a wider set of companies in the US. Navigate to company profiles in Preqin Pro to easily identify who has invested in them, find out their returns across various funding rounds, and discover who might be looking to exit based on whether they’ve achieved their expected return.

Drive better investment outcomes with Preqin Benchmarks
Compare fund manager performance with the enhanced Preqin Indices and our new Preqin Index Methodology
Equipped with more robust data, expanded coverage, and improved data timeliness, the Preqin Private Capital Index now captures returns worth over $11 trillion in market capitalization across 14,000+ private capital funds worldwide. Our enhanced Preqin Private Capital Index ensures you have access to the most reliable market intelligence, enabling you to:
Obtain visibility of portfolio returns against private and public market equivalents
Compare your fund manager’s performance against the industry
Inform your risk models with a view of historical returns
The Preqin Index Methodology reflects our commitment to driving transparency across the global alternatives market. Our enhanced index methodology is guided by the standards expected in public markets and trusted by investors worldwide. It consolidates the insights from our recent global market consultations and aims to establish the industry benchmark for excellence in private market closed-end fund indices.
Download the Preqin Index Methodology

Better performance analysis with additional Private Capital Indices
In addition to our global indices for key asset classes and strategies, the Preqin Private Capital Index now includes 16 new indices for three core regions: North America, Europe, and Asia.
Investors use the Preqin Private Capital Index to:
Provide a reliable policy benchmark and report on portfolio performance
Gain insights into returns for the strategies in their portfolios
Analyze the historical performance for different asset classes
The Preqin Index Methodology underpins Preqin Indices to ensure an accurate, complete, and timely representation of private market characteristics and performance. Our recent global market consultations have driven enhancements to Preqin Indices in three areas:
Index construction
Index calculation
Index governance
These enhancements will go live in January 2025 with the quarterly data update. This update will result in a one-off refresh of all historical index data points.

Easily integrate ESG data into your investment process
Discover fund managers tailored to your ESG affiliation preferences
Six new ESG affiliations have been added to Preqin ESG Solutions to help you more accurately evaluate firms’ sustainability commitments and source those most closely aligned with your own. You’ll find the affiliations in the ‘By ESG’ investor and fund manager search filter. For individual firms, you’ll find them listed under the ‘Affiliations’ section of their profile.

Analyze and benchmark the performance of ESG funds and managers
The industry’s #1 benchmarking solution, Preqin Benchmarks, now includes ESG data – covering seven ESG labels across six asset classes. The only ESG fund performance benchmarks of their kind, they enable you to comprehensively analyze ESG-labeled funds and compare their performance against the market.

Optimize fund sourcing with enhanced ESG disclosures
Drawing from leading private market ESG disclosure frameworks, including PRI and ILPA DDQs, our latest update makes it easier than ever before to understand investor and fund manager sustainability practices. We're thrilled to announce the addition of more than 40 new management indicators of ESG disclosures to give you a total of 76 indicators for fund managers.
Updates to GP-level data:
Fund manager profiles – we are expanding fund manager ESG profiles to include KPIs that help you seamlessly conduct manager sourcing and due diligence across key areas. These include GHG emissions, internal operations (policies and training), investment strategy (due diligence and stewardship), and diversity, equity, & inclusion (DEI).
Fund profiles – connect the GP management indicators to their underlying funds to understand how ESG is embedded into their investment policies and practices (excluding real estate and infrastructure).

Identify critical risk factors with enhanced ESG asset profiles
As part of our new ESG asset profiles update, ESG Solutions clients can now access:
Financial materiality assessments at the company level
ESG summary information on a company profile
Management indicators that predict how GPs manage ESG at the holding level
With these updates, investors can better identify critical factors and known risks to conduct comprehensive investment due diligence and risk management.

Discover sustainability profiles with ESG data for private companies
Preqin has partnered with The Impact Institute and integrated data from their Global Impact Database (GID) and Measurabl – giving clients with Preqin ESG Solutions access to exclusive ESG data at the asset level. This includes impact materiality estimates, financial materiality assessments, and ESG performance data to help enhance early due diligence with a holistic view of a private company’s sustainability profile.

Perform ESG due diligence on real estate data
Preqin has partnered with Measurabl, the world’s most widely adopted ESG technology for real estate, to provide the first global dataset of real estate carbon and energy metrics for private markets.
Clients with access to Preqin ESG Solutions can now review real estate asset benchmarks on energy consumption and carbon emissions for 83,000+ buildings. The data can be utilized to perform ESG due diligence on real estate assets and understand an asset’s ESG performance compared to similar vehicles.

Save time and resources with Preqin Anywhere solutions
Effortlessly extract firm data with the new and improved Preqin for Excel plugin
Rediscover the Preqin for Excel plugin with a new interface, an improved Formula Builder, comprehensive service provider analysis, and additional range functions – making it quicker and more powerful than ever.
Access the full range of the plugin’s features and user guides in one centralized location, saving you valuable time and delivering a smoother, more intuitive experience. Build formulas faster and update your financial models with the latest Preqin data – directly from your Excel spreadsheets.
The newly added range functions in the Preqin for Excel plugin enable you to effortlessly pull all data points related to a specific firm. You can now retrieve all associated funds, service providers, and contacts with just one click. Range functions are a well-known feature in Excel, designed to eliminate the need to manually enter each fund, service provider, or contact ID individually.

Save resources with improved functionality for the Preqin for Salesforce plugin
Save time and effort keeping your Salesforce records up to date with the new Preqin for Salesforce dedicated unlink firm feature. Make sure you link the firms you are interested in and remove those not relevant to your business with a click of a button, cutting the time you spend keeping your records fresh.
Centralize Preqin data with your own and access our fund manager insights directly from Salesforce. Leverage fund manager firm and contact information – including firm overview, location, background, and contact details – to streamline your fund screening activities and maximize your chances of successful outreach.

Seamlessly integrate more deal and company data into your systems
Integrate Preqin deal and company data into your system with two new Data Feeds endpoints – enabling you to increase productivity and access large quantities of data on demand.
Analyze the executive team at your target companies and access improved deal types, as well as other metadata, by leveraging the new Company Key Contact Executives and Buyout Fundamentals endpoints.
Access Preqin data from your browser with the new Preqin Chrome Extension
Discover the Preqin Chrome Extension, a browsing search widget that enables you to access Preqin data directly from your Chrome, Opera, or Microsoft Edge browser.
Optimize your workflows and enhance your browsing experience with access to all the essential data you need – covering investors, fund managers, funds, assets, service providers, and consultants. Included with your Preqin subscription, you can now download this new extension and start using it today.

Access Preqin data via Dynamics 365 Sales
Save time and resources by viewing Preqin data directly in your Dynamics 365 Sales instance. With the new Preqin via Dynamics 365 Sales plugin, you can instantly sync Preqin’s fund manager firm and contact information, as well as asset-class-specific information. This includes the number of fund strategies and funds currently managed for fund managers to enhance your existing data and optimize your daily workflows, histogram, and correlation analysis charts.

Data updates
Delivering more essential data to our clients every year
We’re always expanding and enhancing our datasets to maximize their value to you, and in 2024 we made some significant strides to improve our data coverage over many key areas.
24,000+ new funds were added, including 9,200+ in private equity, to ensure our in-depth fund data continues to help you find funds that align with your investment strategy.
Our global research team reviewed over 1 million total contacts, including 495,000+ fund manager contacts, maximizing your chances of successful outreach with more up-to-date information on key personnel, including their contact details and preferred method of contact.
2024 saw 800 private capital funds with up-to-date performance data added to Preqin Pro, bringing our total coverage to 20,300+ private capital funds. Preqin’s global coverage now includes commitment data for 63,000+ fund managers across 160+ countries.
Plus, as of January 2025, we have over 63,800+ funds with fund terms data listed.
In 2024, we increased our data coverage:
6,100+ new funds with performance
24,000+ new funds
4,000+ new fund managers
How can we help you?
Preqin Pro
Access comprehensive private capital and hedge fund datasets and analytics tools.
Insights
Stay on top of the latest developments in private markets with exclusive industry reports, publications, and statistics.
Contact us
Let us know how we can help – we’re here to answer any questions you might have.