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Seoul, May 27, 2025 - BlackRock is pleased to announce that Mirae Asset Global Investments – one of South Korea’s largest asset managers – has selected BlackRock’s Aladdin technology to strengthen its data and analytical capabilities for private market investments. Specifically, Mirae Asset will use Aladdin’s eFront Insight services – which is a set of market-leading private asset data collection, processing and analytics services – to improve its overall operational efficiency and support its growth ambitions in the private markets space.
Private markets are becoming an increasingly important component of investment portfolios: Global alternative fund research firm Preqin estimates the global alternatives industry to exceed US$30 trillion in assets under management by 20301. But despite this growth, the management of these assets is often handled manually with data scattered across multiple systems, hindering operational efficiency and decision-making.
By leveraging Insight’s proprietary technology, Mirae Asset’s investment teams will be able to gain a comprehensive and granular view of their private market datasets and holdings in one place and in real time, allowing them to stay ahead of market trends and respond quickly to changes. This, combined with Insight’s robust analytics, will equip them with a better understanding of their portfolios’ risk and performance and ultimately drive investment decisions.
Mr. Moon, Soo-Young, Head of Private Investment Team, Mirae Asset Global Investments, said:
“The Korean investor base is becoming increasingly diversified, encompassing institutional investors such as pension funds and insurance companies, as well as corporates and high-net-worth individuals. Aladdin’s eFront platform will enable us to scale and customize our services to meet the needs of clients of varying sizes and investment strategies. In addition, it will enhance our operational efficiency and transparency throughout the entire investment cycle, including EGS risk assessment, for private market investments.
As a top-tier asset manager in Korea, we are thrilled to collaborate with Aladdin’s eFront team as our ideal partner to drive innovation in client services, strengthen our global competitiveness, and support our growth ambitions.”
Huimin Loh, Head of Aladdin Alternatives, Business Development, APAC, BlackRock, said:
“We are delighted to deepen our relationship with Mirae Asset to bring the power of Aladdin’s eFront Insight to their private market investments. Clients today face a host of operational complexities. Insight helps alleviate these challenges by handling data collection, validation and digitalization, allowing investors to focus on higher-value tasks like portfolio analysis and allocation. At BlackRock, we are committed to enhancing transparency in private markets, and collaborations like this exemplify our efforts in this space.”
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BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. BlackRock’s Aladdin® platform is a tech platform that unifies the investment management process by providing a common data language within an organization to enable scale, provide insights, and support business transformation.
For additional information on BlackRock, please visit https://www.blackrock.com/aladdin
Mirae Asset Global Investments, an asset management company established in 1997, manages and operates over KRW 400 trillion in assets under management (AUM) as of May 2025. In 2003, the company became the first in Korea to establish an overseas subsidiary, marking its entry into the global market. Since then, it has expanded its global footprint through strategic mergers and acquisitions, including Global X in the United States, Horizons (Global X Canada) ETFs in Canada, and Stockspot, a robo-advisory firm in Australia.
As of the end of 2024, Mirae Asset has built a global network spanning the U.S., Canada, and more than 16 other regions. In the domestic market, the company continues to grow across various business areas such as exchange-traded funds (ETFs), pensions, outsourced chief investment officer (OCIO) services, and real estate funds.
Notably, Mirae Asset’s ETF business—under brands such as “TIGER”—has reached KRW 212 trillion in AUM, ranking 12th among global ETF managers.
Footnote
1 For illustrative purposes only. There is no guarantee that any forecast presented will come to pass.