MSCI Bets on Private Market Data, Buys Large Stake in Burgiss Group
Posted on 01/23/2020
As more investors adopt private markets, private market data become more valuable. MSCI Inc. will invest $190 million in The Burgiss Group, LLC for a significant minority interest. Burgiss Group has data on private assets such as private equity, private real estate, private debt, infrastructure, and natural resource funds. 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.
Burgiss competes against Preqin, a data provider on alternative investments.
Advisors
Davis Polk & Wardwell LLP acted as legal advisers to MSCI.
