In recent years, there has been a surge in climate-related names within both public and private funds, but their focus is often on different areas. We analyze the numbers to identify key trends and provide investors with greater clarity.
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With private investments set to play a major role in the transition toward net-zero, we assess the state of emissions reporting in private markets relative to public markets and identify the reporting disparities across asset classes, regions and sectors.
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The increased use of subscription lines of credit by general partners in some private-capital funds has lifted returns by squeezing the timeframe over which returns are calculated. We examine buyout, private-credit and real-estate funds to see where the greatest inflation lay.
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Visibility on the use of subscription lines of credit is of key importance to LPs in private funds. We examined a selection of real-estate, venture-capital and buyout funds to note some key differences between and within private-capital strategies.
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When it comes to climate investing in private equity, there’s more to negative screening than simple sector-wide exclusions. Our analysis underscores the value that incorporating carbon-based solutions can have on carbon footprint at the portfolio level.
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In this article, we use holdings data from the BMU to explore just how intensively funds draw on their sub lines—that is, the size of the sub line balance relative to total Limited Partner (LP) commitments.
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In this article, we explore whether using negative screening strategies to achieve net zero could impact returns, and provide insights into the environmental and financial aspects of low-carbon asset allocation in private capital.
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Check out our guide, which reveals that more than 50% of the financed emissions in private capital are attributed to a mere 6% of the investment valuation within the BMU.
Read MoreThe purpose of this study was to design a flexible and automated index of publicly traded securities that have a high correlation with private equity fund market returns.
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In our latest research, we document the growing ubiquity of sub lines in Buyout, Debt, and Real Estate funds in contrast to the lagging uptake in Venture Capital funds.
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In our latest article, Luis O’Shea revisits the topic of overvaluations using private capital data from the BMU and determines that public equities and private assets tell somewhat different stories.
Read MoreIn this paper, the authors use Burgiss Data to analyze the effects of public Limited Partners being required by law to disclose the performance of the funds underlying their portfolios to the public.
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In this blog, our Applied Research team utilizes Scope 1 carbon intensity estimates from Burgiss and MSCI to explore how a global carbon price floor can impact costs and EBITDA margins for over 54,000 private portfolio companies within Burgiss’ data.
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Cash drag from holding low-return liquid assets is a common complaint among private capital investors. In this blog, our Applied Research team takes a value-at-risk-inspired approach to explore how diversifying portfolios can reduce cash flow risk and thus cash drag.
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Venture Capital and Buyout fundraising cycles have approached near-record speeds over the past five years, but are they starting to slow? The Applied Research team uses BMU data to document how long GPs wait to raise their next funds.
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In a joint blog between Burgiss and MSCI Research, the authors examine whether carbon emissions are migrating out of U.S. public markets.
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In this blog post, the authors present evidence that “zombie assets”, which are assets that take significantly longer than expected to fully liquidate, are, on average, appropriately valued by GPs.
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This article utilizes the GHG emission materiality map as an analytical framework to estimate climate transition risks from fossil fuel combustion using the upstream approach.
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This article is an introductory piece to a sequence of articles that will estimate climate transition risks of private companies and examine how their profitability could be impacted by various carbon pricing schemes.
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With previous research findings in mind, we can now take a closer look at some of the more actionable characteristics of private loans. In this post, we use spreads as an indication of credit risk to compare loans along three dimensions: seniority, region, and industry.
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