Preqin is delighted to share that we have acquired Colmore, a leading private markets technology, services, and administration business
The alternative assets industry is thriving. Our recent Future of Alternatives study predicts that assets under management will hit more than $20tn by 2025, a 60% increase from $12.5tn in 2020. This rapid growth intensifies the need for cutting-edge technology, products, and solutions that will help our customers make the best possible business decisions.
Every day, tens of thousands of fund managers, investors, and service providers from across the globe rely on Preqin for the data, tools, and insights they need to stay ahead of the game. We’re always working to ensure that the products and services we offer are the very best they can be. That’s why I’m delighted to share that Preqin has joined forces with Colmore, a leading private markets technology, services, and administration business.
Colmore’s key solutions include limited partner (LP) portfolio monitoring, analytics, fee tracking and validation, and fund administration services for its allocator clients.
Colmore is a rapidly growing business, monitoring more than 3,000 private market funds and more than 40,000 holdings. We’ve been particularly impressed by Colmore’s management team – led by CEO Ben Cook – as well as their deep industry knowledge and ability to build outstanding products for their clients.
Supporting the Alternative Assets Market, Together
As a result of this acquisition, Preqin customers will have access to a leading technology company that will bring them integrated portfolio monitoring, risk management, as well as fund administration and accounting services for allocators. Colmore clients will be able to access the most trusted private markets data to help them put their portfolio in context.
We also intend to enhance our market-leading benchmarks in partnership with Colmore, giving both companies’ clients the ability to compare their performance against the industry’s most accurate, timely, and transparent benchmarks.
Ultimately, we are transforming private markets by providing unmatched intelligence across the entire private capital lifecycle. Together, private markets will finally be integrated from pre- to post-investment. Together, our clients will be able to make faster decisions, with more conviction, and better benchmark their own performance.
An Exciting Future Ahead for the Alternatives Industry
Our industry is growing bigger every year as yield-hungry investors turn to alternative assets in search of strong returns as well as portfolio diversification. At the same time, megatrends such as ESG, Asia’s growing prominence in the global economy, and digital transformation are driving our industry to continuously evolve and change for the better. We want to be part of this evolution. Together, we are well positioned to provide comprehensive data, insights, and support to our clients to help them navigate this changing environment.
We are delighted that Colmore is joining the Preqin family. We have big plans for the future as we continue to enhance our solutions and grow our teams, and we cannot wait to get started.
Find out more about Colmore's LP and capital allocator solutions.
