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Sparking better (and bigger) investment decisions
Third Bridge Forum is the biggest archive of expert interviews in the world, providing investors with critical knowledge to make smarter and faster decisions.
Last year over 16,000 investment professionals from 1,000 firms across private equity, public equity and credit downloaded approximately 500,000 interviews from Forum.
Our coverage is unrivalled—covering over 10,000 public and private companies, in seven key sectors, across all major geographies around the world.
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Why professional investors choose Forum
Our unique approach combines a proprietary coverage model, specially selected industry executives and analyst-led investigative interviews, resulting in content found nowhere else in the world.
Analyst-led investigative Interviews
We train our sector-focused analysts to operate as forensic journalists, addressing key themes and drivers affecting the companies we cover to ensure we deliver in-depth qualitative insights.
Our analysts conduct one-hour investigative Interviews with industry executives to deliver granular and highly relevant content found nowhere else in the world.
Broad, unbiased coverage
Forum’s coverage is unparalleled. We have full sector and global coverage and cover thousands of public and private companies beyond just the "headlines".
With our rigorous and proprietary research methodology our team is trained to monitor key industries, macro-economic trends and deal flow to determine the most relevant and timely content to bring into focus.
Unique content, on-demand
Clients leverage our in-depth Interviews and transcripts to inform all stages of their investment process, enabling them to focus on what matters and move with speed and conviction.
Content can be accessed on-demand in Forum or via all major third-party distribution partners, including Bloomberg, making it even easier to ingrain in our clients’ workflow.
How investors use Forum
Clients, across all asset classes, rely on the relevant, timely and high-quality insights from Forum Interview transcripts to inform all stages of their investment process - from idea generation to evaluation, due diligence, channel monitoring or portfolio work.
Early-stage due diligence
➤ Validate assumptions in the IM
➤ Quickly understand key drivers and market dynamics around a company or industry’s competitive landscape, TAM, growth outlook, and performance over multiple cycles to build or reinforce analysis of enterprise values
➤ Refine questions for management teams and investment bankers
➤ Discover insights from specialists with deep knowledge about a business
➤ Understand the risks to the management forecast
➤ Obtain perspectives on the management team
➤ Stay up to date with key industry themes affecting portfolio companies
➤ Identify potential deal opportunities and M&A
➤ Source domain experts for value creation opportunities
➤ Source senior executives for board positions
➤ Develop a diagnostic roadmap for initial analysis and evaluation of a sector
➤ Understand the strategic position of a business in early stage research, particularly in complex or fast moving industries
➤ Obtain a deep understanding of customer purchasing behaviours, competitor activity, cultural issues, governance and management risks to a business
➤ Assess short-term investor concerns about a company
➤ Understand historic and current trends, or contrarian viewpoints, to build a perspective on an industry over multiple cycles
➤ Understand the implications of macro, regulatory and private company moves on portfolio companies
➤ Quickly understand the business quality, competitive positioning and market dynamics of primary issuances
➤ Obtain financial and operational insights to revisit the credit stories of potential secondary investment opportunities stemming from market dislocations
➤ Gain historical perspectives on how situations have played out in the past and potential restructuring risks
➤ Understand the drivers of cash flow and identify key stress points in the financial model
➤ Understand portfolio exposure to macroeconomic changes or events
➤ Track market trends and fundamental performance of existing investments
Third Bridge launched and defined the expert transcript category
Forum is the biggest archive of expert interviews in the world.
30,000+ transcript archive
6,000+ public companies
8,500+ Interviews per year
4,000+ private companies
1 hour Interviews with transcripts
WHO WE WORK WITH
Trusted by 1,000+ clients
We work with some of the world’s largest hedge funds, mutual funds, private equity funds and management consultancies to help them make better investment decisions.
What our clients say
Insights uncovered by Third Bridge were contrary to our thesis and gave us confidence to exit before the stock fell.
Equity Analyst, $1bn Hedge Fund
The comments in the Interview were like gold dust - you wouldn’t hear them from management and they gave us ammunition to question the team.
ANALYST, $2BN DISTRESSED DEBT MANAGER
Forum Interviews are a helpful 'river guide’ to understand the lay of the land, especially when there’s no public player in the space.
TOP 5 GLOBAL BUYOUT FUND
FORUM CASE STUDIES
PE: Veterinary Care
Third Bridge Forum has conducted dozens of Interviews on European veterinary practices, exploring regional dynamics across key European markets, in-clinic buying and pharmaceutical and diagnostics rebate dynamics, and the scale benefits associated with practice buy and build.
Forum has also covered the growing market for veterinary practice management software and telemedicine, and has explored at length the competitive dynamics between public and private veterinary groups in Europe and the US.
Having conducted Interviews with a wide range of specialists, ranging from qualified veterinarians operating at the point of care, to pharmaceutical executives negotiating with vet chains, Forum’s veterinary content has helped our clients better understand:
➤ the industry value chain and regional regulatory and commercial nuances
➤ growth drivers and trends throughout the business cycle – from early stage consolidation to mature phase organic potential
➤ supply chain dynamics and the buying power of veterinary care practices (chains vs independents)
➤ revenue mix and the impact on cash flow sustainability – first opinion vs referral
Forum Interviews have been accessed by hundreds of private equity analysts, and have helped our clients critically assess investment opportunities.
Equities: Blue Prism (LSE: PRSM)
Blue Prism is a pioneering leader in robotic process automation (RPA) and has enjoyed a stellar performance since its IPO in 2016. Up to recently, the sell-side has remained largely bullish, with two-thirds of analysts rating the company a Buy (Bloomberg, Dec 2020).
Third Bridge Forum has covered Blue Prism in depth since 2017, conducting over 35 Interviews to help investors gain more insight into recent performance trends, understand in detail the competitive dynamics in the RPA space and ultimately build a stronger conviction in their investment thesis. This has enabled our clients to:
➤ size the RPA opportunity through Interviews with public and private companies including UiPath, Automation Anywhere, Workfusion
➤ assess the sector’s sustainability by validating AI defensibility
➤ gain insight on the threat of new market entrants through early impact assessments
➤ understand disruption risk of Microsoft deploying aggressive (90%) discounting
Our ongoing coverage has attracted significant interest, with over 2,000 downloads from equity clients, providing context on a nascent sector and essential insight into how best to analyse Blue Prism’s performance given the lack of consensus on the strength of its position.
Credit: OGF Group (Obol France 3 SAS)
OGF is a French-based funeral services company. The company experienced a series of ratings downgrades as agencies and creditors expressed concerns over their lower market share in burials and cremations, declining mortality and pricing pressures.
Third Bridge Forum has conducted Interviews with former industry executives to gain deeper insight into OGF’s business model, performance, and competitive positioning relative to its peers. This has enabled our clients to understand:
➤ industry pricing dynamics and OGF’s relative underperformance vs Funecap
➤ the importance of crematorium concessions and renewal dynamics to the company’s business model
➤ growth outlook and profitability trends across different service lines
➤ industry cost structures and P&L drivers
Forum Interviews on OGF have been accessed by more than 100 credit and private equity analysts. Our clients have gained valuable insights into OGF, from high level details about the key economics of the business to in-depth, qualitative assessments of the investment thesis. The content of the Interviews has also informed their question sets in preparing for management meetings.
Our insights-rich content covers various asset classes, sectors and regions, providing a narrative around the latest industry trends and talking points.
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About Third Bridge
Third Bridge is a market-leading global investment research firm. We provide unique, human-led insights to some of the world’s largest hedge funds, mutual funds, private equity funds and management consultancies to help them make better investment decisions. We serve over 1,000 investment firms, offering clients 24/7 coverage through our team of 1,200+ employees located across seven offices.
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