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.

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.

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.  

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.

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.

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.

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.

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.

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.

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.

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.

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.

In this blog post, the authors look at raw BMU cash flows and find some alarming evidence that capital calls are outpacing distributions for the Private Equity and Private Debt asset classes.

In this study, the authors examine potential reasons for the industry’s low levels of minority ownership, focusing on venture capital (VC), buyout, and growth investment groups

In this blog post, we explore shifts in investment by industry as well as emerging geographic trends in the U.S. due to the sudden change from in-office work to work-from-home arrangements.

The COVID-19 pandemic has upended traditional work arrangements, and with it, America’s economic geography. In this blog, we are revisiting our early predictions about private real estate and will be touching on some new implications for venture capital in future work.

This article examines the BMU’s exposure, which we have defined as the valuations of the holdings, to the Sustainability Accounting Standards Board (SASB) Standards at two points in time: prior to the beginning of the COVID-19 crisis and at present.

The current Burgiss Manager Universe (BMU) covers over 1,150 private debt funds with capital exceeding $1 trillion, yet despite its size and importance, the private debt markets remain relatively opaque. In this post, we take a granular look at loan-level data from the BMU to document some of the characteristics of private debt.