BlackRock's Preqin takeover is set to hand about $2 billion to its founder Mark O'Hare. That's about $300 million more than Larry Fink is worth.

The deal to acquire the London-based Preqin accelerates BlackRock’s push to become a major player in alternative assets

BlackRock CEO Larry Fink made it clear Monday that his firm’s acquisition of London data provider Preqin is part of a much larger vision he has to make private markets a lot more investable.

BlackRock said its proposed acquisition of privately held London-based alternative markets data provider Preqin could lead to the indexing of private markets, while assuring that BlackRock’s clients will also have the ability to access Preqin as a stand-alone service once the transaction closes.

BlackRock Inc.’s expansion into private markets is set to make Preqin founder Mark O’Hare richer than his new boss Larry Fink.

A husband and wife duo who built an outdoor theatre on the grounds of their Suffolk farm estate have been catapulted into Britain’s rich list after netting £2bn from the sale of their financial data business.

BlackRock’s newest acquisition is set to make Mark O'Hare, founder of the U.K.-based financial data provider Preqin, wealthier than the head of the world’s largest asset manager. BlackRock yesterday (June 30) announced plans to acquire Preqin in a $3.