BlackRock, Inc. (NYSE:BLK) has completed the acquisition of eFront, the
world’s leading end-to-end alternative investment management software
and solutions provider. The combination of eFront with Aladdin will set
a new standard in investment and risk management technology, vastly
expanding Aladdin’s alternatives capabilities and providing a
whole-portfolio technology solution to clients.
“As more investors incorporate alternatives into their portfolios, the
ability to seamlessly manage portfolios across public and private asset
classes on a single platform is critical,” said Rob Goldstein, Chief
Operating Officer of BlackRock. “eFront will extend Aladdin’s end-to-end
processing capabilities in alternative asset classes, enabling clients
to get an enterprise view of their portfolio. We are excited to welcome
eFront’s 700 employees to BlackRock as we continue to offer eFront as
its own platform and enrich its value proposition with Aladdin
analytics. BlackRock and eFront share the same vision of making
alternatives less alternative and will work together towards that
objective.”
“Aladdin has long been recognized as the best-in-class unified
investment and risk management technology platform in the industry,”
said Tarek Chouman, Chief Executive Officer of eFront. “Joining
BlackRock, adopting its user-provider model and integrating with Aladdin
means that our investor, fund administrator and fund manager clients
will benefit from constantly elevated standards and innovative product
features.”
About eFront
Founded in 1999, eFront is based in Paris and is the leading technology
provider for managing the alternatives investment lifecycle, from due
diligence and portfolio planning, to performance and risk analysis,
across a range of alternative asset classes. eFront’s solutions serve
investors in the private equity, real estate investment, banking, and
insurance sectors.
About Aladdin
Aladdin has always been at the core of BlackRock. It combines
sophisticated risk analytics, exposure and performance analyses with
comprehensive portfolio management, trading, compliance and operational
tools on a single unified platform. Aladdin was first built to manage
BlackRock’s business, and the firm continues to be the largest user of
Aladdin today. Through Aladdin, the firm offers to clients the same
technology and intellectual capital that BlackRock uses to manage
investments day-to-day. BlackRock’s unique user/provider model brings a
practitioners perspective to Aladdin.
About BlackRock
BlackRock helps investors build better financial futures. As a fiduciary
to our clients, we provide the investment and technology solutions they
need when planning for their most important goals. As of March 31, 2019,
the firm managed approximately $6.52 trillion in assets on behalf of
investors worldwide. For additional information on BlackRock, please
visit www.blackrock.com
| Twitter: @blackrock | Blog: www.blackrockblog.com
| LinkedIn: www.linkedin.com/company/blackrock.
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