BULIGO

Buligo: How Much of the Consolidated Liquidity Is Actually Accessible?

Buligo’s consolidated balance sheet is genuinely strong, but the shareholder question is not the size of group liquidity. It is how much of that liquidity actually moves up to the parent-company layer. At the end of 2025 the gap is large: $26.8 million of consolidated cash and s…

Follow-up

Buligo: How Real Is the Embedded Carried-Interest Stack?

Buligo’s carried-interest stack is real in the sense that it is anchored in realized past deals, invested-equity vintages, and an explicit filtering-out of weak transactions. But it is still far from cash-accessible value, and the pace at which it turns into realized carried int…

Buligo 2025: The Fee Base Is Firmer, but Upside Still Depends on Realizations

Buligo is entering 2026 with a broader management-fee base and early signs of better realizations, but shareholder upside still depends on exit pace and on how much cash actually reaches the company layer.