Yesterday the Burgiss Group, LLC and Caissa, announced that they have entered into an agreement to merge the two businesses. The combined firms will work as a provider focused on private capital as well as in total investment plan solutions. Both Burgiss and Caissa’s products are designed to manage asset allocation, liquidity and assessing exposure, as well as performance and risk. The products also address compliance, ESG, and climate concerns. The newly combined firm will maintain its headquarters in Hoboken, New Jersey, with over 450 employees worldwide.
From a BusinessWire article on the agreement: “‘Burgiss and Caissa are a perfect match,’ said David Hsu, Co-Founder and CEO of Caissa. ‘Both firms have their roots in helping investors make better investment decisions. Burgiss has an unrivaled presence and reputation in private capital data and analytics, while the Caissa platform serves as the foundational technology for investors across all asset classes. With our combined operational scale, we’re now able to deliver value to a wider audience much more quickly.’”
The merger of the two companies builds upon Burgiss’ current strategic partnership with MSCI Inc., a provider for decision support tools with services for the global investment community that was formally announced in January 2020. MSCI and Burgiss together aim to improve the innovation, acceleration, and adoption of tools, data, and solutions for investors of private assets worldwide.
Said Henry Fernandez, Chairman and CEO of MSCI in a Businesswire article: “’ The powerful combination of Burgiss and Caissa represents an exciting opportunity for investors and managers of private assets and multi-asset class portfolios around the world...With this merger, both firms can achieve tremendous scalability and drive greater innovation of differentiated tools and solutions across the global private assets industry.’”
Background on Burgiss
Founded in 1987, Burgiss offers a suite of products designed for institutional investors in private capital. It offers solutions for portfolio monitoring (Private i) and data and analysis (Private iQ). Burgiss also offers transparent data management solutions and bespoke data research services. Burgiss offers a secure, cloud-based platform that combines data managed by users with continually updated data managed by Burgiss. It combines this data with deep analytics, reporting, benchmarks and peer groups, document management, cash and valuation forecasting and dynamic dashboards.
Background on Caissa
Founded in 2010, Caissa is an investment analytics platform designed for allocators managing multi-asset class portfolios. The system works by taking a wide variety of transparency information from allocator clients which is then cleansed, harmonized and integrated into its platform by its in-house data team. Users are then able to conduct a number of different analyses, including fund exposure analysis, portfolio analysis, risk analysis, performance attribution, return contribution, performance analytics, and what-if analysis. Private equity-specific tools include J-curve analysis and a pacing model. In addition to its online platform, data can be output via API and PDF.
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