MSCI acquires data provider Burgiss for $697m

MSCI Inc. has completed its acquisition of New Jersey-based private assets data provider, The Burgiss Group, LLC or Burgiss, for $697 million in cash. 

With a view to “improving transparency in global private asset investing”, MSCI will have spent $913 million since its initial investment in January 2020 to acquire the company headquartered in New Jersey.

Serving clients across the USA, Europe, Asia Pacific and South Africa, Burgiss provides data, analytics and technological solutions for investors in private real estate – representing $15 trillion in cumulative investments across asset classes.

MSCI said this acquisition would provide them with data and expertise in all private assets, enabling investors to evaluate information, measure and compare performance and risks, understand exposures and conduct analytics across private and public asset classes.

This acquisition will also expand MSCI’s suite of multi-asset class technology solutions, with the Burgiss Caissa Platform designed for institutional investors to view performance and risk drivers in both public and private investments in total portfolios. 

Henry Fernandez, chairman and CEO, MSCI, said: “By combining Burgiss’ private asset data and analytics with MSCI’s expertise in research, analytics, data and technology for investments across public asset classes, we are aiming to redefine total portfolio investing and build solutions to help investors manage their complex portfolios.”

Jim Kocis, founder and CEO, Burgiss, commented: “Our combined capabilities are poised to create more powerful solutions that can help better navigate and drive innovation across private assets.”

The transaction is expected to close in Q4 2023, subject to regulatory approvals and closing conditions. 

© 2023 funds europe

 

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

CLOUD DATA PLATFORMS

Luxembourg is one of the world’s premiere centres for cross-border distribution of investment funds. Read our special regional coverage, coinciding with the annual ALFI European Asset Management Conference.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST