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.
To be held on March 29th, 2019 following the Alternative Investments Conference, the IPC will bring together academics and industry leaders to discuss new and forthcoming research covering all alternative asset classes including private equity, venture capital, credit, hedge funds, real estate, distressed securities, and special situations.
We hope you will join us on May 30-31, 2019 at the inaugural Spring PERC Symposium held at the University of Oxford. Similar in structure and style to the longstanding PERC Symposium held in the fall in Chapel Hill, NC, this event will supplement and bring new topics to light.
This conference serves as a forum for investment managers, institutional investors and academics to network, share ideas and stay abreast of the latest industry trends. 
 

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

When Investor Incentives and Consumer Interests Diverge – Private Equity in Higher Education

August 17, 2018

This paper uses private equity buyouts to study a transition from lower- to higher-powered profit-maximizing incentives in higher education. Relative to closely-held private firms or diffusely-held publicly traded firms, private equity-owned firms have particularly high-powered incentives to maximize profits (Jensen 1989). 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

Recent News & Media

10 Years of Excellence in Private Equity Research

December 06, 2018

On Nov. 1-2, leading practitioners and top researchers from around the world joined together at the tenth annual Private Equity Research Consortium (PERC) Symposium in Chapel Hill, NC. Hosted by the Institute for Private Capital, an affiliated center of the Frank Hawkins Kenan Institute of Private Enterprise, the conference has established a reputation as leading the discussion between leading academics and practitioners in the private capital arena. This year’s symposium not only unveiled the latest research insights, but also served as an occasion to look back at ten years of achievements and successes. More