Tired of Preqin's outdated data and complex interface?
You're not alone. Thousands of fund managers have felt the same frustration with Preqin. Here's what they tell us—and how LPbacked is different.
Try LPbacked FreeSound familiar?
These are real frustrations we hear from fund managers who switched from Preqin.
Data freshness issues
LP profiles that haven't been updated in years. Contact info that bounces. Investment preferences from 2019.
Clunky, dated interface
Feels like software from 2010. Multiple clicks to find basic information. Exports that break.
Hidden pricing games
No public pricing. Custom quotes only. Weeks of back-and-forth with sales reps.
Limited contact depth
You get the LP name and maybe a general email. Good luck reaching the actual decision maker.
What Preqin users say
“Emailed 50 LPs from Preqin, 20 bounced immediately”
“Interface is so slow I waste hours just searching”
“Asked for pricing, got scheduled for a 45-minute "discovery call"”
“Contact info is just "info@" generic emails”
“Data shows LPs that stopped investing years ago”
How LPbacked fixes this
We built LPbacked because we were frustrated too. Here's what's different.
Stale data
Continuously verified contacts. We check emails before you see them.
Clunky interface
Modern, fast search. Find LPs in seconds, not minutes.
Pricing games
Pricing on the website. No sales calls. Sign up in 2 minutes.
Surface-level contacts
Direct emails and phone numbers for key decision makers.
Pricing comparison
Preqin
Custom pricing (typically $15,000-30,000/year)
- Sales calls required
- Annual commitment
- Complex contracts
LPbacked
From $99/month (transparent pricing)
- Sign up instantly
- Cancel anytime
- No hidden fees
What you get with LPbacked
19,000+ Limited Partners
Family offices, pension funds, endowments, and more
Verified Email Addresses
Direct emails, not generic info@ addresses
Phone Numbers
Direct lines to decision makers
133 Countries
Global coverage, not just US or Europe
AUM & Investment Data
Know who can write the check you need
Export to CSV
Take your data wherever you need it
Frequently Asked Questions
How much does Preqin cost?
Preqin pricing is not publicly listed and requires a sales call. Based on user reports, Preqin costs between $12,000 and $81,000 per year depending on modules and seats. Most LP database access starts around $15,000-$30,000 annually. There's no monthly option—annual contracts only.
What is the Preqin database cost for a single user?
Single-user Preqin subscriptions typically start at $12,000-$15,000/year for basic access to one asset class. Full LP database access with multiple asset classes runs $25,000-$50,000/year. Enterprise packages with multiple seats can exceed $81,000/year.
Is there a cheaper alternative to Preqin?
Yes. Dedicated LP databases like LPbacked offer 19,000+ LP contacts from $99/month ($1,188/year)—about 90% less than Preqin. You lose Preqin's mandate tracking and allocation analytics, but get verified LP contact data at a fraction of the cost.
Can I get Preqin monthly instead of annually?
No, Preqin only offers annual contracts with no monthly billing option. This is a common frustration for fund managers with unpredictable fundraising timelines. Alternatives like LPbacked offer monthly billing with no long-term commitment.
Is Preqin worth it for emerging managers?
For most emerging managers raising Fund I or II, Preqin's $15K-$30K/year pricing is hard to justify. The ROI makes more sense for institutional fundraises over $500M where mandate intelligence drives LP targeting. Smaller funds often get better value from affordable LP databases.
How much does Preqin cost in 2026?
Preqin pricing in 2026 ranges from approximately $12,000 to $81,000 per year depending on the modules and number of seats. A single asset class module (e.g., private equity only) typically costs $12,000-$15,000 per year. Multi-asset-class access with LP database, fundraising data, and performance benchmarks runs $25,000-$50,000 per year. Full platform access with all modules and multiple seats can reach $81,000 or more annually. Preqin does not offer monthly billing—all contracts are annual with no month-to-month option.
Is Preqin worth the price?
Preqin is worth the price for institutional fundraising teams that rely on mandate intelligence, allocation tracking, and benchmark data to target LPs raising $500M+ funds. The platform's strength is showing which LPs are actively allocating, their historical commitments, and mandate requirements—data that can meaningfully improve LP targeting at scale. However, for emerging managers who primarily need LP contact information for outreach, Preqin's $12K-$81K annual cost is difficult to justify. A dedicated LP contact database at $99/month delivers verified emails and phone numbers without the enterprise price tag.
Can you get Preqin for free?
There is no free tier or freemium plan for Preqin. Preqin does publish limited free research reports, market insights, and quarterly data summaries on their website, but these do not include LP contact information or database access. Some universities and business schools have academic Preqin licenses that students and faculty can use for research purposes. Outside of academic access, the only way to use Preqin's LP database is through a paid annual subscription starting at $12,000 per year.
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