Mirae Asset Global Investments Adopts BlackRock Aladdin's 'eFront Insight' Platform

On May 27, BlackRock announced that Mirae Asset Global Investments will introduce the 'eFront Insight' solution from the integrated investment and risk management platform 'Aladdin' to strengthen its private market investment data and analytics capabilities.

Through the eFront Insight solution, services for collecting, processing, and analyzing private asset data will be provided. The plan is to support Mirae Asset in enhancing operational efficiency and achieving its growth objectives in the private market sector.

Private market assets are becoming increasingly important within investment portfolios. According to Preqin, a global alternative investment market research firm, the global alternative investment sector's assets under management (AUM) are expected to exceed $30 trillion (approximately KRW 4,119 trillion) by 2030. Despite this growth, asset management is still often conducted manually. Data is dispersed across multiple systems, hindering operational efficiency and rapid investment decision-making.

Mirae Asset Global Investments will leverage eFront Insight’s proprietary technology to manage comprehensive and detailed information on private market data and held assets in real time, all in one place. This enables the company to identify market trends early and respond quickly to changes. The analytical capabilities of eFront Insight are also expected to help the company make investment decisions based on an accurate understanding of portfolio risk and performance.

Moon Sooyoung, Head of Overseas Private Investment at Mirae Asset Global Investments, said, "The investor base in Korea is becoming increasingly diversified, expanding beyond institutional investors such as pension funds and insurance companies to include general corporations and high-net-worth individuals (HNWIs)."

He added, "By utilizing Aladdin’s eFront solution, we can expand and customize our services to meet the needs of investors employing a wide range of investment strategies and asset scales."

He continued, "We will improve operational efficiency and transparency throughout the entire investment process, including ESG risk assessment for private market investments," and introduced Mirae Asset as "an ideal partner to lead customer service innovation, strengthen global competitiveness, and pursue growth objectives as one of Korea’s leading asset management companies."

Huimin Loh, Head of Aladdin Alternatives Business Development for Asia-Pacific at BlackRock, said, "Through our collaboration with Mirae Asset, we are adding BlackRock Aladdin’s eFront Insight solution to Mirae Asset’s private investment capabilities," and added, "eFront Insight supports data collection, validation, and digitization, enabling investors to focus on high-value-added areas such as portfolio analysis and asset allocation."

He continued, "BlackRock is committed to increasing transparency in the private market," and added, "This collaboration is a strong example of these ongoing efforts."