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.
Submit your papers for the 2019 PERC Symposium and the 2019 IPC Spring Research Symposium.
 

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

10th Annual PERC Symposium

October 12, 2018

We hope you will join us for the 10th anniversary of the PERC Symposium held on November 1-2 in Chapel Hill at the Rizzo Center. More