Alliance to Drive
Innovation and Adoption of Decision Support Tools for Private
Assets
MSCI Inc. (NYSE:MSCI), a leading provider of mission critical
decision support tools and services for the global investment
community, has entered into a strategic relationship with The
Burgiss Group, LLC, intended to accelerate and expand the use of
data, analytics and other investment decision support tools for
investors in private assets around the world. As part of the
alliance, MSCI will invest $190 million in Burgiss for a
significant minority interest.
Burgiss’ offerings include private asset transparency and
performance benchmark tools delivered through a unified portfolio
management platform, including leading research-quality performance
data covering close to 10,000 private asset funds around the world
representing nearly $7 trillion of committed capital in private
equity, private real estate, private debt, infrastructure and
natural resource funds. Burgiss serves over 1,000 firms in 36
countries and about 300 employees across the U.S., Europe and South
Africa. With MSCI’s client base of over 7,500 in more than 85
countries, and its leading position in private real estate data,
analytics and research; equity and fixed income indexes;
environmental, social and governance (ESG) research and ratings;
and portfolio performance and risk analytics, the partnership
creates a very powerful combination to expand each party’s current
offerings and develop new tools and solutions for investors and
managers of private assets and multi-asset class portfolios.
“Private asset investing is on the precipice of a significant
transformation. Investors are increasingly looking to private
assets to achieve outsized, uncorrelated and differentiated
returns. However, the willingness of investors to expand their
private asset portfolios will depend on new methods and tools that
help them better understand the private asset markets, the
characteristics of investments, asset valuations, the impact of
leverage and liquidity, and the drivers of performance and risk,”
said Henry Fernandez, Chairman & CEO of MSCI.
“Through this strategic relationship, MSCI and Burgiss will
drive innovation, development and increased adoption of needed
tools and solutions for investors in private assets around the
world to help them solve critical investment problems and develop
greater understanding of their total portfolios,” added Mr.
Fernandez.
“This strategic alliance between Burgiss and MSCI makes perfect
sense. For 30 years, Burgiss has focused on building best-of-breed
tools for private capital investors. With the rising importance of
private markets, our clients have been asking for solutions that
span both public and private assets,” said James Kocis, Founder
& CEO at Burgiss. “We are excited to partner with
MSCI to help develop and drive adoption of tools that meet our
clients’ needs.”
MSCI’s investment in Burgiss will not impact MSCI’s adjusted
EBITDA and is not expected to have a material impact to adjusted
EPS in 2020. It will be accounted for under the equity method, with
MSCI’s share of Burgiss’ earnings being recognized in Other
Income/Expense, Net.
Davis Polk & Wardwell LLP acted as legal advisers to
MSCI.
About MSCI
MSCI is a leading provider of critical decision support tools
and services for the global investment community. With over 45
years of expertise in research, data and technology, we power
better investment decisions by enabling clients to understand and
analyze key drivers of risk and return and confidently build more
effective portfolios. We create industry-leading research-enhanced
solutions that clients use to gain insight into and improve
transparency across the investment process. To learn more, please
visit www.msci.com.
About Burgiss
Burgiss is the global provider of investment decision support
tools for private capital. Along with deep expertise in performance
and risk measurement, our analytics platform and research-quality
data help investment teams make better investment decisions. We
serve over 1,000 firms in 36 countries, and our data covers nearly
$7 trillion in private capital.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements relate to future events or
to future financial performance and involve known and unknown
risks, uncertainties and other factors that may cause actual
results, levels of activity, performance or achievements to be
materially different from any future results, levels of activity,
performance or achievements expressed or implied by these
statements. In some cases, you can identify forward-looking
statements by the use of words such as “may,” “could,” “expect,”
“intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,”
“predict,” “potential” or “continue,” or the negative of these
terms or other comparable terminology. You should not place undue
reliance on forward-looking statements because they involve known
and unknown risks, uncertainties and other factors that are, in
some cases, beyond MSCI’s control and that could materially affect
actual results, levels of activity, performance or achievements.
Other factors that could materially affect actual results, levels
of activity, performance or achievements can be found in MSCI’s
Annual Report on Form 10-K for the fiscal year ended December 31,
2018 filed with the Securities and Exchange Commission (“SEC”) on
February 22, 2019 and in quarterly reports on Form 10-Q and current
reports on Form 8-K filed or furnished with the SEC. If any of
these risks or uncertainties materialize, or if MSCI’s underlying
assumptions prove to be incorrect, actual results may vary
significantly from what MSCI projected. Any forward-looking
statement in this press release reflects MSCI’s current views with
respect to future events and is subject to these and other risks,
uncertainties and assumptions relating to MSCI’s operations,
results of operations, growth strategy and liquidity. MSCI assumes
no obligation to publicly update or revise these forward-looking
statements for any reason, whether as a result of new information,
future events, or otherwise, except as required by law.
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