NEW YORK–iCapital Network, an online marketplace providing qualified investors and their advisors with access to private equity fund managers, today announced that it is the first online platform to make benchmarking data from Burgiss available to independent RIA firms, family offices and other private wealth channel partners.
Burgiss provides iCapital with performance data on tens of thousands of private fund peer groups, covering multiple asset types and strategies, including buyout, distressed, mezzanine, venture, energy and real estate. Registered users of the iCapital Network platform are able to use this peer group performance data (e.g., Net IRR, TVPI, DPI) to benchmark private equity managers across numerous fund size ranges and vintage years dating back to 2003.
“We are very pleased to bring Burgiss’ peer group data to the private wealth management community, which deserves an accurate and comprehensive benchmarking tool,” said iCapital Co-Founder and Managing Partner Nick Veronis. “Private equity is widely regarded as an opaque asset class and, for those who understand the industry and know Burgiss, this peer group data represents the gold standard.”
iCapital’s network of investors will be able to access the Burgiss peer groups directly from its benchmarking tool, which is made available for free to qualified investors registered on the iCapital platform. The peer group data is derived from the Burgiss Manager Universe which covers over 6,000 private capital funds, representing over $4 trillion in committed capital across the full spectrum of private capital strategies. The Burgiss Manager Universe is representative of actual investor experience because the data is sourced exclusively from limited partners, which eliminates the natural biases introduced by sourcing data from general partners.
“We are delighted to be making our peer group data available to iCapital’s network of independent wealth advisors, family offices and other qualified purchasers,” said Jim Kocis, Founder and President of Burgiss. “There’s been growing demand from all investors, both institutional and in the private wealth community, for better tools and comparative data on private equity funds.”
About iCapital Network
iCapital Network is an online platform that unlocks the world of private equity, enabling institutions and qualified investors to search and analyze the performance history of hundreds of fund managers and gain direct access to a diverse range of private funds, including buyout, growth equity, real estate, mezzanine, infrastructure, real assets and venture. iCapital’s innovative and secure portal makes it possible for top performing fund managers to both source new institutional investors and efficiently aggregate commitments from a network of independent advisors, wealth managers, family offices and qualified individual purchasers. This powerful platform features integrated content and data from best-in-class providers including Burgiss, Intralinks, Preqin and Privcap. The company is led by an accomplished team of industry executives who have raised hundreds of billions of dollars of private equity capital and backed by a group of industry leading strategic partners.
Burgiss is a global provider of investment decision support tools for the private capital market. Founded in 1987, Burgiss is a multidisciplinary team of 140 professionals steeped in the world of private capital. Today our tools support over a thousand clients representing over $2 trillion of committed capital.
Brian Ruby, 203-682-8268
Emily Serafin, 646-277-1245
Disclosures: This material is provided for informational purposes only and is not intended as, and may not be relied on in any manner as, legal, tax or investment advice, a recommendation, or as an offer to sell, a solicitation of an offer to purchase or a recommendation of any interest in any fund or security offered by iCapital. Past performance is not indicative of future results. Alternative investments are complex, speculative investment vehicles and are not suitable for all investors. An investment in an alternative investment entails a high degree of risk and no assurance can be given that any alternative investment fund’s investment objectives will be achieved or that investors will receive a return of their capital. The information contained herein is subject to change. Securities may be offered through iCapital Securities, LLC, a registered broker dealer, member of FINRA and SIPC and subsidiary of Institutional Capital Network, Inc. iCapital is a registered trademark of Institutional Capital Network, Inc. All rights reserved.