Preqin vs LPbacked: Head-to-Head Comparison

Preqin is the reference database for private markets and the one most LPs and GPs recognise by name. LPbacked is a much smaller product built around a single job: finding LPs and contacting them. Managers compare the two when a Preqin quote arrives and turns out to be larger than the entire fundraising budget. Both cover all LP types, which makes the comparison more direct than most on this site.

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Bottom Line

Preqin is the better choice if you need fund performance benchmarks, market data and the credibility of the industry standard. LPbacked is the better choice if you need LP contacts and coverage without a five-figure annual commitment. This is our own product, and Preqin remains the deeper dataset.

Winner

Preqin for benchmarks and institutional depth; LPbacked for affordable LP outreach.

Preqin vs LPbacked: Feature-by-Feature

How each platform compares across the categories that matter for fundraising.

Category	Preqin	LPbacked	Verdict
LP Type Coverage	All LP types: pensions, endowments, foundations, insurance, sovereign wealth, family offices, fund of funds.	Covers all LP types: family offices, pension funds, endowments, foundations, insurance companies, fund of funds, sovereign wealth.	Genuinely comparable on breadth of LP type.
Fund Performance Data	Extensive fund returns, benchmarks and track record data across asset classes.	None. LPbacked holds LP records, not fund performance.	Preqin, without qualification.
LP Contact Data	Contact records across a very large institutional universe.	Verified email addresses and phone numbers, with named decision makers, geared to outreach.	Preqin is broader; LPbacked is built for sending the email.
Pricing	$12,000-$81,000/year depending on asset class modules. Annual contracts only.	$245/month (cancel anytime) or $1,995/year on the Annual plan (two seats, API included).	LPbacked is a small fraction of a Preqin contract, with monthly billing available.
Signup Process	Enterprise sales process. Demo required before pricing is shared.	Self-service signup. Instant access. No sales calls required.	LPbacked is instant and self-service. Preqin requires a demo and procurement.
Recognition	The name most institutional LPs and consultants know.	A newer product with no standing in an investment committee.	Preqin, and it matters if you cite sources to LPs.
Contract terms	Annual contracts only.	Monthly with cancel anytime, or annual.	LPbacked carries less commitment risk mid-raise.

Key Differences

Beyond the feature table, these are the strategic differences that shape which platform fits your workflow.

The closest true comparison on this site

Unlike the deal platforms, Preqin genuinely covers the same LP universe. The difference is depth, benchmarks and price rather than whether the right investors are in the database at all.

Benchmarks are the thing you actually lose

If you need to show a prospective LP where your returns sit against a peer group, Preqin has that and LPbacked does not. That is a real reason to pay the difference.

Price is a strategy question, not just a budget one

A $12,000-$81,000 annual commitment before a first close is a different kind of risk to $245 a month. Some managers reasonably decide the credibility is worth it; many cannot.

When to Use Each Platform

The right choice depends on your team's primary workflow and budget.

Choose Preqin

Best when…

•You need fund performance benchmarks and market data
•You want the dataset investment committees recognise
•Your firm has an institutional data budget

Choose LPbacked

Best when…

•You need LP coverage and contacts rather than benchmarks
•You are pre-first-close and cannot commit annually
•You want to start contacting LPs immediately

Recommended

Choose LPbacked

Best when…

•You need deal comparables and company financials
•You want a CRM rather than a data source

Frequently Asked Questions

Does LPbacked cover the same LPs as Preqin?

The same types, at smaller scale. Both cover pensions, endowments, foundations, insurers, sovereign wealth, family offices and fund of funds. Preqin holds more records and far more surrounding data; LPbacked holds 19,000+ LPs across 133 countries focused on contact and mandate detail.

What do I lose by choosing LPbacked?

Fund performance benchmarks, market research and the name recognition Preqin carries with institutional allocators. If you cite data sources in an investment committee setting, that last point is not trivial.

How much does Preqin cost?

$12,000-$81,000 a year depending on which asset class modules you take, on annual contracts. LPbacked is $245 a month or $1,995 a year.

Can I use LPbacked to start and move to Preqin later?

That is a common path. Use an affordable database to build and work the list during a first raise, and take on an institutional subscription when fund size and budget justify it.

Skip the enterprise pricing

19,000+ LP contacts with verified emails. Monthly billing. No sales calls.

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Preqin vs LPbacked: Head-to-Head Comparison

Bottom Line

Preqin vs LPbacked: Feature-by-Feature

Key Differences

The closest true comparison on this site

Benchmarks are the thing you actually lose

Price is a strategy question, not just a budget one

When to Use Each Platform

Choose Preqin

Choose LPbacked

Choose LPbacked

Frequently Asked Questions

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