BlackRock has completed the acquisition of eFront, an end-to-end alternative investment management software and solutions provider.
BlackRock says 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,” says 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 recognised as the best-in-class unified investment and risk management technology platform in the industry,” says Tarek Chouman (pictured), 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.”