Release Notes

2024 Year in Review - Service Providers

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 to help you grow your business.

Whether you’re analyzing the market, developing new business, or tracking your competitors – Preqin is here to support you with our end-to-end solutions, tools, and insights to drive growth in these challenging times.

If you would like a training session to learn more about any of our updates, 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

In 2024, our expert team of alternative investment specialists delivered over 50 free reports, 120 premium research reports, 350 news stories and blogs, and 30 factsheets to bring you the latest news and market trends.

In case you missed any of it, here’s the most-read content from 2024:

Women in Alternatives 2024

Buyouts in North America: A Preqin Primer

ESG in Alternatives 2024 Insights+

Browse all Preqin research content

Events and webinars

Hear from private market experts and build connections

In 2024, we hosted, organized, and partnered on 26 Preqin events worldwide, in addition to 29 webinars. Among these was our inaugural in-person event for business development professionals in the alternatives industry, as well as four webinars specifically tailored to service providers and advisors.

In case you missed any of it, here are the most-attended webinars and events from the last 12 months:

Explore Preqin’s events and webinars hub

Product releases

Term Intelligence

Revolutionize how you negotiate fund terms

Term Intelligence is a new benchmarking tool that enables you to compare economic and non-economic terms to a wide universe of LPAs, providing you with the clarity you need to present the best fund terms to your clients and negotiate with confidence.

With this new benchmarking tool, you can:

  • Advise on LPA negotiations more effectively with access to a wide range of fund terms to benchmark against

  • Help your fund manager clients secure commitments by drafting competitive fund terms backed by market data

  • Know which ILPA principles the market is adopting to empower your clients’ negotiation

  • Offer impactful advice on the fees and expenses most exposed to investor and regulatory scrutiny

  • Expand into new practice areas by broadening your view of LPA terms into the asset classes and strategies prospects are asking about

Since the launch in May, we have added credit facility terms to give you visibility of the level of adoption in private markets, what the credit facilities are secured against, and the level of indebtedness or cap in this regard. We also added a Fund Coverage tab that gives a clear overview of the types of funds that make up the Term Intelligence benchmarks with a breakdown of funds by asset class, strategy, vintage, and fund size.

In 2025, we will continue to add more LPA data to the benchmarks to provide a comprehensive view of the market.

This year, Term Intelligence was announced as a finalist for the Innovation in Legal Services category at the British Legal Technology Awards. The award recognizes solution providers who demonstrate they are accelerating the pace of change while transforming the competitive landscape with innovative technologies, platforms, and services. We’re proud to have created a product that has been recognized as a trailblazer by the legal industry, and we aim to continually improve the product and live up to that reputation.

Transaction Intelligence

Tackle valuations and advise clients with confidence

Transaction Intelligence uses Preqin’s deal-level and asset-level data collected directly from GP portfolio reports. This data is then verified, curated, aggregated, and anonymized to give you access to the most up-to-date, reliable, and complete repository of transactions in private markets. Provide your clients with the most accurate guidance on deals with Transaction Intelligence – 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 empowers you to benchmark private companies against a selected cohort of similar transactions by using a broad range of filters and pre-built analytics, save time on valuation audits without compromising the quality, and easily identify high-performing industry sectors for your clients to invest in.

Since its inception, Transaction Intelligence has added fair value adjustment data, bringing more transparency to asset pricing and helping you understand whether adjustments made to private asset valuations are in line with the rest of the market. This year also brought the addition of net debt multiples data in Transaction Intelligence to help fund financing due diligence by understanding the average net debt of a cohort of companies to effectively value an asset.

Preqin Pro for business development

Upload your target lists in Preqin Pro

The newest upgrade to Target Lists enables you to upload your own list of prospects to Preqin Pro, so you can spend less time managing lists across different systems and more time closing deals. Easily review Preqin data on the firms you’re targeting by uploading your lists and assessing their future plans, fund details, existing service provider relationships, and more.

Target list upload

Easily track personnel changes on your target lists

See the latest key personnel changes at the firms in your target lists with Preqin Pro’s ‘Contact Updates’ feature. The update enables you to quickly identify new business opportunities by staying informed on key personnel changes. With this feature you can easily maintain up-to-date contact information for your marketing and outreach activities, including emails.

It also enables you to gain insight into your competitors’ hiring trends and strategic moves, helping you to make informed decisions and stay ahead in the market.

Company Intelligence

Identify actionable companies by fund performance

The addition of fund performance filters to Company Search enables you to find potential investments likely to come to market soon based on the performance of the fund they’re in. Boost your clients’ deal origination by searching for companies with added filters such as DPI, IRR, and net multiple, in conjunction with existing filters for holding period, fund vintage, and fund size.

More bootstrapped companies to boost your deal origination

Enhance your new business pipeline with an additional dataset of 21,000+ UK-based bootstrapped companies. This new dataset includes companies generating £1mn+ in turnover and with a minimum of three years of consecutive financial filings to help you advise your clients on investment opportunities that present 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.

Preqin Pro - Non-sponsor-backed companies - Funding type filter

Source new deals with companies similar to your clients’ targets

Support your clients’ due diligence for companies they are looking to invest in by easily identifying similar ones and building comparison sets with the enhanced ‘Similar Companies’ feature on company profiles in Preqin Pro.

Compare companies based on employee count, growth, financials, and more – enabling you to refine target lists for deal sourcing.

The latest enhancements also include new filters that enable you to refine a list of comparable companies based on location, sector, and stage. Sort each column to populate results of similar companies based on your preferences.

Identify 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 filters complement existing ones – such as sector, company stage, financials, valuations, fund performance, and the Actionability Signal tool – to power your deal sourcing.

Assess the value of assets for the deals you advise on more accurately

Go deeper when conducting 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 you advise on 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.

Company intelligence - Valuation Multiples Benchmarks

Better understand a company's ownership structure

Get insight into the active and realized deals of your clients and prospects with expanded company ownership and holding period information. Conduct early due diligence on the ownership structure of companies and engage with active investors.

Enhanced buyout deals table on fund manager profiles

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. Data points such as deal dates are also linked to deal profiles, enabling you to navigate from fund manager profiles to deal profiles with one click. The additional insights are designed to help you carry out early due diligence for your clients or advise them on which companies to invest in.

Boost your business development 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 on 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.

ESG

Evaluate ESG funds with new performance benchmarks

Comprehensively assess ESG-labeled funds and compare their performance against the market. Analyze the trajectory of both ESG and non-ESG fund performance across various asset classes to advise your clients on market opportunities and challenges with Preqin's new ESG Fund Performance Benchmarks.

Provide better insights with enhanced ESG disclosures

Save valuable time and resources while conducting market analysis by accessing up-to-date, standardized, and comparable disclosures across key ESG factors. Measuring the level of fund manager disclosure on ESG governance issues is now easier than ever, drawing from leading private market ESG frameworks – including PRI and ILPA DDQs.

GP management indicators

Enhanced ESG asset profiles

Advise your clients on how to identify critical factors and known risks that enable proactive due diligence and risk management with enhanced ESG asset profiles.

ESG Solutions clients now have access to:

  • Financial materiality assessments at the company level

Financial Materiality - SASB by Industry
  • ESG summary information on a company profile

  • Management indicators that predict how GPs manage ESG at the holding level

Sustainability Management Indicators

ESG Solutions now includes 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 estimated real estate carbon and energy metrics for private markets.

Clients with access to Preqin ESG Solutions can now view real estate asset benchmarks on energy consumption and carbon emissions for 83,000+ buildings. Support your clients in conducting thorough ESG due diligence on real estate assets and understanding an asset’s ESG performance compared to similar assets.

Impact materiality assessments for private companies

Preqin has partnered with The Impact Institute by integrating data from their Global Impact Database (GID) to bring impact materiality assessments to company profiles in Preqin Pro.

Clients with Preqin ESG Solutions can now access estimated impact materiality assessments at the asset level – including impact assessments, impact breakdowns, impact rankings, and ESG performance data if it’s available for the company.

Preqin Indices

Deliver powerful advice with enhanced Preqin Private Capital Indices

With more robust data, expanded coverage, and improved data timeliness, Preqin Private Capital Indices now capture returns worth over $11.3tn in market capitalization across 14,000+ private capital funds worldwide.

The enhanced Preqin Private Capital Indices ensure you have access to the most reliable market intelligence, enabling you to:

• Inform your clients’ strategies with a view on historical returns

• Obtain visibility of private capital returns for different strategies and asset classes

• Compare performance against the industry and public market equivalents

Discover Preqin’s enhanced index methodology

Preqin Private Capital Indices provide market professionals with a reliable benchmark that empowers them to make informed investment decisions and drive meaningful performance analysis.

Our enhanced index methodology is guided by the standards expected of public markets and trusted by investors worldwide. It consolidates the insights from recent global market consultations and aims to establish the industry benchmark for excellence in private market closed-end fund indices.

Learn more: Discover Preqin’s enhanced index methodology

Explore new regional Preqin Private Capital Indices

Preqin Private Capital Indices now include 16 additional indices, providing you with a more comprehensive view to expand your performance analysis. Alongside our global indices covering key asset classes and strategies, you can now delve deeper into three core regions: North America, Europe, and Asia.

Learn more: New regional indices are now available with the Preqin Private Capital Index

Updated Quarterly Indices

Preqin Anywhere

Save time by accessing competitor data directly from Excel

Streamline your competitive analysis and boost productivity with the Preqin for Excel plugin, which seamlessly integrates Preqin’s comprehensive data directly into Excel.

Empowered with the expanded capability to capture all service provider datasets, you can now access data on your peers, and view data associated with relevant deals, funds, and managers, all from within Microsoft Excel.

Effortlessly extract firm data with new Excel plugin enhancements

The newly added range function in the Preqin for Excel plugin enables 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. This enhancement saves you hours of work and makes it easier to manipulate Preqin data within Excel.

Additionally, it offers an end-to-end, 360-degree connection within our data. With just a firm ID, you can access any data point from Preqin Pro, linking directly to related fund IDs, service provider IDs, asset IDs, and contact IDs to seamlessly extract relevant fields.

New Excel plugin templates to help business development and competitor analysis

Gain visibility of the service providers a fund manager is using across different asset classes with new customizable Excel plugin templates. These templates enable you to analyze Preqin data to clarify if firms on your target list are potential opportunities for new business or are less likely to be open to new relationships.

You can also conduct competitor analysis by viewing a competitor’s profile within the template. With this tool, you can see which funds they previously worked on and which asset classes they have worked within to see where their strategic focus lies.

Seamlessly integrate more deal and company data into your systems

Integrate Preqin deal and company data into your system with two new Data Feeds API endpoints to increase productivity and access large quantities of data on demand. Analyze the executive and leadership team at your target companies and access improved deal types, as well as other metadata, through the new Company Key Contact Executives and Buyout Fundamentals endpoints – all directly accessible from your systems via the Preqin Data Feeds API solution.

Access Preqin data from your browser with the new Preqin Chrome Extension

Discover the Preqin Chrome Extension, a browser extension that enables you to access Preqin data directly from your Chrome, Opera, or Microsoft Edge browsers. Optimize your workflows and enhance your browsing experience with access to Preqin’s high-level data – 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.

Preqin Chrome Extension  Low Fi x HC article

Data Coverage

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 in many key areas. Our coverage of fund managers has increased to 63,000+ and investor data has grown by 33,000+. There are also now additional data points for our contact data, ensuring you stay up to date with the latest contact information. The number of contacts we track has now risen to 497,000+.

Our data on industry advisors and service providers has increased to 9,600+, with 250+ new law firm, fund administrator, and placement agent profiles added in 2024 alone – helping you to better network and keep track of your competitors’ activity.

And we are delivering this data to you faster than ever to drive more meaningful analysis and actionable insights.

Plus, as of January 2025, we have 399,000+ service provider relationships, thanks to our world-class global research team, to give you a competitive advantage when sourcing new business.

4,000+

24,000+

4,000+

110,000+

399,000+

New fund managers

New funds

New investors

New contacts

Service provider relationships