For this global placement agent, raising private capital for funds with different strategies (Buyout, Distressed Debt, Real Estate, Growth, etc.) and regional focus (North America, Asia, Europe, Africa, etc.) presented many challenges, particularly when it came to sourcing data on allocators and fund managers active in alternative assets.
To overcome these challenges, the placement agent needed access to a data provider with a ‘comprehensive coverage of the alternative assets industry’, providing granular insight into the markets the firm was interested in. This needed to be packaged in an intuitive solution allowing the firm to easily source the information required.
In addition, the firm also needed a data provider with accurate, reliable information on:
- Fund allocators
- Fund managers
- Fund performance
Using Preqin, the global placement agent improved the following core competencies within its business:
- Due diligence, manager and fund evaluation
- Benchmarking and peer analysis
- Business development
- Mapping private markets
After experiencing Preqin data, solutions and insights alongside another provider, the firm ranked Preqin’s investors, fund managers, fund performance, benchmarking and cash flow datasets as best in class compared to other data providers.
Additionally, the firm also ranked Preqin’s regional coverage of North America, Western Europe and Asia as at least better if not superior when compared to other data providers.
As a result, the global placement agent reported making a return on investment within the first 12 months of their Preqin subscription.
A senior key stakeholder in this firm would be very likely to recommend Preqin for the following reason:
“[Preqin is] the best in the industry at PE stats and investor information.”