Build public-private portfolios you can act on, and defend.
Independent allocation guidance, transparent capital market assumptions, and strategic insight, so you can size, diversify, and fund allocations with conviction, then stand behind those decisions in front of the board.
The Portfolio Construction Edge
Having an allocation view is easy. Defending it is hard.
Transparent capital market assumptions
Know what drives the outcome.
Unified public-private framework
See opportunities and trade-offs more clearly.
Independent allocation guidance
Challenge assumptions before capital is committed.
See It For Yourself
Latest research from Portfolio Construction.
Latest research from Portfolio Construction.
A sample of recent Portfolio Construction reports, refreshed as our strategists publish.
The BCA Approach
We think like an investor, not a product desk.
BCA's approach is fiercely independent and built on proprietary data that's hard to get anywhere else. We don't care where the capital goes, only whether it earns its place in the portfolio.
That's the discipline behind every allocation call: should this dollar go here, or here? Here, Brian Payne explains how BCA thinks about it.
Who It's For
Built for allocators who own the total portfolio decision.
Heads of Asset Allocation, CIOs
Institutional allocators running strategic reviews
ICs, Trustees & Risk Teams
Decision-makers who need a defensible basis
Family Offices
Allocators with growing private exposure
WHAT YOU RECEIVE
Everything in Portfolio Construction.
Everything in Portfolio Construction.
- Forward-looking capital market assumptions across public and private asset classes
- Practical guidance on integrating private markets into total portfolio design
- Scenario analysis and portfolio stress-testing
- A unified framework for evaluating public-private allocation trade-offs
- Strategic and tactical asset allocation guidance
- Direct access to BCA strategists for allocation discussions and IC preparation
What Success Looks Like
Better decisions you can defend.
Better decisions you can defend.
- Decide how much goes where. Weigh public against private, and one private asset class against another, in a single framework rather than reconciling separate conversations.
- Defend the decision in the room. Take transparent CMAs and a methodology you can interrogate into an IC, a board, or a client conversation.
- Commit long-term capital with conviction. Size, diversify, and fund allocations knowing the assumptions behind them hold up across market regimes.
- Check the advice before you act. Pressure-test consultants, OCIOs, GPs, and internal assumptions with an independent read before the capital is committed.
The team behind Portfolio Construction.
Where Portfolio Construction fits.
Portfolio Construction is where allocation decisions come together. Each specialist platform adds depth by mandate, all built on the same independent research.
The daily macro briefing that cuts through the noise.
BCA's flagship macro and investment strategy platform.
Evaluate public and private markets; defend allocation decisions.
Price geopolitical risk and position ahead of consensus.
One macro framework for rates, FX, credit, and commodities.
Macro, fundamental, and quantitative insight into equity views.
FAQ
Frequently asked questions
BCA's Portfolio Construction platform is an independent research service that helps institutional allocators build and defend forward-looking portfolios. It provides transparent capital market assumptions, a unified framework for public and private markets, scenario analysis, and direct access to BCA strategists, all free from banking, trading, or asset-management conflicts.
It is an independent external view, not a product or advisory relationship. BCA carries no banking, trading, or asset-management conflicts, and no placement or LP incentives, so the guidance isn't shaped by what it has to sell. That lets you pressure-test consultants, OCIOs, GPs, and internal assumptions before committing long-term capital.
BCA's forward-looking assumptions for returns, volatility, and correlations are built on a clearly defined, reproducible methodology rather than black-box forecasts. The inputs are transparent, so you can interrogate how each number was derived and defend the resulting allocation to an investment committee or board.
Yes. A single framework evaluates allocation trade-offs across public and private markets together, covering private equity, private credit, real assets, infrastructure, and hedge funds. The aim is to assess where private markets genuinely improve the total portfolio, on diversification, liquidity, funding, and long-term risk, rather than analyzing the two in separate silos.
It's built for institutional allocators who own the total portfolio decision: heads of asset allocation and CIOs, investment committees, trustees and risk teams, and family offices with growing private exposure. You don't need a large research function. Direct access to BCA strategists supplements your team for allocation discussions and investment-committee preparation.
Macro Conditions Don't Wait. Neither Should You.
Partner with the research team trusted by the world's largest institutional investors.