Reports and Research
The Reports and Research section provides comprehensive access to research papers, financial analyses, and industry outlooks produced by Bocconi Students for Alternative Investments. Our publications adhere to professional standards and offer data-driven insights relevant to current business and financial landscapes. All publications are produced by BSAI members following the highest standards of accuracy and analytical rigor.
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Blackstone’s $16.1 Billion AirTrunk Bet: Investing in the Backbone of AI
Blackstone’s $16.1 billion acquisition of AirTrunk marks the largest data center buyout in history and one of the defining infrastructure investments of the AI era. This report examines the transaction’s strategic rationale, valuation, capital structure, value creation opportunities, and execution risks, assessing whether the premium paid for one of Asia-Pacific’s…
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Pricing Risk and Opportunity in Private Credit Secondaries
Private credit secondaries are transforming a traditionally illiquid asset class into an increasingly active secondary market where existing loans and fund interests are traded at negotiated prices. This report examines the evolution of the market, the drivers of pricing, and the opportunities created by higher interest rates, refinancing pressure, and…
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Thoma Bravo’s $12.3 Billion Acquisition of Dayforce
Thoma Bravo’s $12.3 billion acquisition of Dayforce represents one of the largest software buyouts in recent years and a significant investment in the Human Capital Management (HCM) sector. This report examines the strategic rationale behind the transaction, evaluating how operational improvements, AI integration, and recurring revenue growth could drive long-term…
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Thrasio Restructuring: Evaluating Distressed Private Credit Opportunities
This report examines distressed private credit investing through the restructuring of Thrasio, demonstrating how investors evaluate stressed loans using recovery analysis, capital structure, and downside-focused pricing. By applying a secondary market framework to a real-world restructuring, the analysis highlights why disciplined entry pricing, recovery expectations, and downside protection are the…
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Merger Arbitrage in Practice: The MPS–Mediobanca Transaction
In Hedge FundsThis report examines merger arbitrage as an event-driven hedge fund strategy through the proposed merger between Banca Monte dei Paschi di Siena (MPS) and Mediobanca. It explores how investors capture deal spreads using delta-neutral positioning while managing regulatory, financing, and execution risks, demonstrating the importance of probability assessment and disciplined…
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SocketSense: Evaluating a Venture Opportunity in Prosthetic Care Technology
SocketSense is a wearable pressure-mapping system designed to improve prosthetic socket fitting by replacing subjective assessment with real-time quantitative data. This report evaluates the company’s commercial potential, market opportunity, business model, financial outlook, and investment attractiveness, assessing whether SocketSense can develop into a scalable medtech venture with recurring revenue and…
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Brookfield Renewable Partners: Intrinsic Valuation Report
This report presents an intrinsic valuation of Brookfield Renewable Partners using a discounted cash flow (DCF) model. It examines the company’s renewable energy portfolio, long-term growth prospects, capital allocation strategy, and valuation sensitivity to provide an assessment of its intrinsic value and investment attractiveness.
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The Impact of the Iran War on the Global Real Estate Market
In Real EstateThe Iran war has transmitted rapidly into global real estate through higher oil prices, renewed inflation pressure, delayed interest-rate cuts, and tighter financing conditions. This report examines how the shock is affecting valuations, refinancing risk, transaction activity, and investor strategy across the United States, Europe, and the UAE, highlighting a…
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AES Corporation Take-Private Transaction Report
On March 2, 2026, a consortium led by Global Infrastructure Partners and EQT agreed to take AES Corporation private at $15.00 per share, a 40% premium and $33.4 billion enterprise value. BSAI’s Private Equity Division breaks down the valuation, the AI-driven power demand thesis, and why the deal makes sense.
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European Venture Capital & Startup Database: A Unified View
BSAI developed a European VC and startup database to address fragmented, unreliable market data. Combining automated extraction with manual validation, it standardizes information on startups, investors, and deals. The result is a comprehensive, accurate, and user-friendly dataset supporting investment analysis and strategic decision-making across Europe’s diverse and decentralized ecosystem.
Division Specific Reports: