Mirae Asset Introduces BlackRock Platform for Private Market Investment Analysis

Mirae Asset Global Investments announced on the 27th that it will introduce BlackRock's integrated investment and risk management platform, 'Aladdin', with the 'eFront Insight' solution to enhance its private market investment data and analysis capabilities. With this initiative, BlackRock plans to provide Mirae Asset with services for collecting, processing, and analyzing private asset data to improve operational efficiency and achieve growth targets in the private market sector.

Private market assets are increasingly becoming important assets in investment portfolios. According to Preqin, a global alternative investment market research institution, the size of assets under management (AUM) in the global alternative investment sector is expected to exceed 30 trillion dollars (approximately 4,100 trillion won) by 2030. Despite this growth, management of these assets is still often done manually, and data is dispersed across multiple systems, hindering operational efficiency and rapid investment decisions.

Mirae Asset Global Investments can now manage comprehensive and detailed information on private market data and held assets in real-time from a single location by utilizing eFront Insight's proprietary technology. This enables them to proactively identify market trends and quickly respond to changes. Additionally, it is expected that eFront Insight's analytical capabilities will help in making investment decisions based on an accurate understanding of portfolio risks and performance. Moon Soo-young, head of the Overseas Private Investment Team at Mirae Asset Global Investments, emphasized, "By utilizing Aladdin's eFront solution, we can expand and customize services to meet the demands of investors employing various investment strategies across a wide range of asset sizes."

Huimin Loh, head of BlackRock Aladdin's alternative asset business development in the Asia-Pacific region, stated, "BlackRock is committed to enhancing transparency in the private market, and this collaboration is a good example of those efforts."

dschoi@fnnews.com Choi Doo-sun Reporter