Preqin and Factset announce partnership which sees the integration of Preqin’s fund manager, allocator and performance data with the Factset Workstation.
Access to the new dataset is dependent upon Factset users also having the correct level of access to Preqin’s services. Existing dual-users can request access as of today (July 15th 2019), Factset users not currently subscribing to Preqin will be able to purchase access directly from Factset.
The addition of robust private markets data will add value for Factset’s M&A focused users, including investment banking and private equity deals teams. Preqin's data will help users to identify potential buyers and benefit from deeper intelligence on PE firms – for example, the ability to view the vintage and called-up % for a firm’s latest fund.
The data will also add value for Factset’s allocator clients, as Justin Strand, Factset’s Chief Content Officer and SVP, stated: “Investments in private equity are growing and clients require corresponding data to manage these investments effectively.”
"Factset appears within 26% of data and software stacks, making it one of the most utilized vendors in our sample"
PE Stack maintains comprehensive subscription and pricing intelligence for data and software products being utilized by 50 leading institutional allocators located in North America and Europe. Factset appears within 26% of these data and software stacks, making it one of the most utilized vendors in our sample.
Our analysis suggests that this new partnership will be well received by existing Preqin users - 75% of the major allocators tracked by PE Stack that have Preqin subscriptions also utilize Factset.
Of the other major data providers, Bloomberg is the clear leader in terms of allocator penetration with 73% of institutions tracked by PE Stack maintaining a subscription. In terms of aggregate subscription value, Factset is closer to matching Bloomberg as a result of a higher average subscription value from the institutions in our sample (which is more a function of client size rather than product cost).
"75% of allocators tracked by PE Stack that have Preqin subscriptions also utilize Factset"
Preqin and Factset feature alongside another 100+ vendors with profiles on PE Stack’s free Vendor Profiles platform, which helps private equity fund managers, allocators and service providers to identify potential software and data providers. To get instant access, please register here. For more information on our Allocator pricing and subscription data, please email info@pestack.com