As head of Private Capital Solutions (PCS) Research at MSCI, Luis O’Shea oversees all of PCS’s research engagements with clients, the writing of research papers, and the research and design of analytical models on the PCS platform. Before joining Burgiss, which MSCI acquired in 2023, he held a series of research roles at BlackRock, Axioma, RiskMetrics and McKinsey & Company. Luis holds an undergraduate degree in mathematics and physics from University College Dublin and a doctorate in mathematics from Cornell University.
Research and Insights
Articles by Luis O’Shea
Inflating Returns with Subscription Lines of Credit5 mins read Blog | Jan 9, 2024 |
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.
Foul Is Fair, Fair Is Fair: Is Private Equity Rich?8 mins read Blog | Jun 21, 2023 |
Our analysis using the Burgiss Manager Universe, combined with novel analytics, suggests that venture-capital funds at the end of 2022 were close to fairly valued, and buyout-fund valuations appeared to be in line in with historical norms.
Diversifying Away Cash Drag5 mins read Blog | Mar 29, 2023 |
Constructing self-financing private-capital portfolios, where distributions exceed contributions, can simplify a limited partner’s liquidity-management strategy and reduce cash drag. How could diversification help investors in this effort?
Where Have All the Cash Flows Gone?6 mins read Blog | Oct 11, 2022 |
An assessment of private-market cash flows as of June 2022 indicates mixed signals for limited partners. The prudence of maintaining a diversified portfolio is as important as ever.
The Truth Will Out: Is Private Equity Overvalued?6 mins read Blog | Sep 15, 2022 |
Are valuations of venture-capital and buyout funds on point? Our analysis exploits the fact that fund valuations are subjective, but fund cash flows are objective, that is, distributions reveal the true value of assets, and the truth will out.
Open- vs. Closed-End Real Estate Funds: How the Choice Mattered8 mins read Blog | Mar 30, 2021 |
The aggregate performance of closed- and open-end real estate funds in the U.S. was strikingly similar in recent years, despite large differences in their strategy and roles in portfolios. But did some investors gain an edge through fund selection?