We improve public understanding of the role of private capital in the global economy. Academic and industry experts work together to generate new knowledge about private capital markets based on objective academic research.
For the third year in a row, IPC founding member, Northern Trust, will host a private equity research symposium on March 10th at the offices in Chicago.
On April 26, IPC founding member, AlpInvest Partners, will partner with the Institute for Private Capital to host an LP roundtable discussion. Papers presentations from IPC Research Director, Greg Brown, and Prof. Berk Sensoy (Vanderbilt University) will be featured before a panel discussion focusing on the benefits of international diversification.
On Wednesday, April 25 IPC will be partnering with the Managed Funds Association (MFA) to host an invitation-only panel discussion covering topics and trends in hedge funds.
 

Latest Research

Can Investors Time Their Exposure to Private Equity?

August 28, 2018

We find modest gains, at best, to pursuing more realistic, investable strategies that time capital commitments to private equity. There is a high degree of time-series correlation in net cash flows even across commitment strategies that allocate capital in a very different manner over time. More

Performance of Private Credit Funds: A First Look

July 02, 2018

Although private credit funds have rapidly grown into a standalone asset class over the last decade, little is known about the aggregate performance of these funds. To provide a first look at absolute and relative performance, we utilize the Burgiss database of 476 private credit funds with nearly $480 billion in committed capital, including a subset of 155 direct lending funds. More

How do Financial Expertise and Networks Affect Investing? Evidence from the Governance of University Endowments

May 20, 2018

Using the unique laboratory of university endowments, we study the effects of expertise and networks on investment performance. More

Recent News & Media

IPC researchers cited in Institutional Allocator with groundbreaking work in private credit

September 11, 2018

A new paper from the Institute For Private Capital titled Performance of Private Credit Funds: A First Look, stated that “On an adjusted basis, we find that there is no single benchmark that is clearly preferred for calculating relative performance,” for private credit. The report is slated to be released in this fall’s issue of the Journal of Alternative Investments. The Institute For Private Capital is a multi-university effort to promote academic research on private investments. More