Preqin

What it is

Preqin provides data and analytics on alternative assets, including private equity, private credit, real estate, infrastructure and hedge funds.

Who uses it

LPs, GPs, placement agents and consultants operating in alternatives.

Core capabilities

• Fund performance
• Investor data
• Fundraising benchmarks
• Deals database

Where it fits in the private capital stack

Reference data layer.

Lifecycle coverage

The chart below maps the diligence and market data category against the thirteen stages of the private capital lifecycle, from market research through fund operations. Coverage is based on each vendor's own public description of its product.

What this category is good at

Market and company data providers give breadth: private company profiles, financing histories, comparables and market maps that a single firm could not assemble on its own.

What sits outside it

These are reference sources rather than systems of record. They tell a team what exists in a market; they do not hold the fund's own diligence work, decisions or portfolio data, and they do not carry the fund's mandate.

What teams keep, and what moves

Data subscriptions usually stay. What changes is where the analysis lands: instead of exporting to a spreadsheet, the research feeds the deal record that later produces the memo and the monitoring baseline.

A practical migration sequence

1. Keep the data subscription and identify which fields the team actually uses.
2. Define the small set of screening fields the fund scores against.
3. Land research output on the deal record rather than in per analyst files.
4. Retire the intermediate spreadsheets once the record holds the same fields.

Questions worth asking in an evaluation

• Is the provider a reference source or the fund's own system of record?
• How much manual re-entry happens between research and the memo?
• Does the coverage match the fund's geography and stage?
• Who owns the analysis once the analyst who ran it leaves?

When Reuben AI is a better fit

Firms running more than one asset class or fund vehicle in the same house appreciate that Reuben AI handles VC, PE, private credit, real estate, infrastructure, secondaries and family office capital in one platform.

Audiences

Private equity, Private credit, Allocators and LPs, Family office.

Frequently asked questions

What is Preqin?

Preqin provides data and analytics on alternative assets, including private equity, private credit, real estate, infrastructure and hedge funds.

Who uses Preqin?

LPs, GPs, placement agents and consultants operating in alternatives.

What are alternatives to Preqin?

Other platforms in the diligence and market data category include PitchBook, CB Insights, Grata, SourceScrub, DiligenceVault. Teams looking to consolidate the full investment workflow into one platform also evaluate Reuben AI.

How does Preqin compare to Reuben AI?

Preqin focuses on the diligence and market data layer. Reuben AI is the single AI infrastructure across sourcing, diligence, IC memos, portfolio monitoring and LP reporting, applied consistently through a mandate token. Firms running more than one asset class or fund vehicle in the same house appreciate that Reuben AI handles VC, PE, private credit, real estate, infrastructure, secondaries and family office capital in one platform.