Private Equity

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Private Equity Research Consortium (PERC) is an assemblage of academic researchers and industry professionals dedicated to advancing research on private equity and credit. Our core mission is to develop a better understanding of how private capital investments affect both financial results and broader economic outcomes.

PERC, organized through IPC, was established in 2012 by scholars from the business schools at The University of Chicago, Duke University, UNC-Chapel Hill, University of Oxford, and The University of Virginia as well as other institutions who recognized challenges facing empirical research on private equity. PERC supports academic studies by researchers all over the world by facilitating access to data for scholars. For example, PERC has an exclusive arrangement with Burgiss to provide access to data for academic research. The Burgiss dataset includes 7,000 funds with over $5.5 trillion in assets. It is sourced directly from limited partners and contains full performance histories of cash flows at the fund level. The Burgiss dataset represents the largest and most in-depth dataset of its kind on venture, buyout, and real estate funds available for academic research.

PERC periodically accepts applications from academic researchers for access to Burgiss private equity fund data. The next deadline for proposal review is July 31, 2018 with a response date of August 30, 2018.

Latest Private Equity Research

Financial Intermediation in Private Equity: How Well Do Funds of Funds Perform?

August 01, 2015

Working Paper

This paper focuses on funds of funds (FOFs) as a form of financial intermediation in private equity (both buyout and venture capital). More

How Do Private Equity Investments Perform Compared to Public Equity?

April 23, 2015

The merits of investing in private versus public equity have generated considerable debate, often fueled by concerns about data quality. More

What Do Different Commercial Data Sets Tell Us About Private Equity Performance?

January 01, 2015

This paper examines private equity (both buyout and venture funds) performance around the globe using four data sets from leading commercial sources. More

Who We Are

James Bachman

Director, Burgiss

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Greg Brown

Research Director, IPC; Professor of Finance, Sarah Graham Kenan Distinguished Scholar, University of North Carolina, Kenan-Flagler Business School

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Robert S. Harris

PERC Director, C. Stewart Sheppard Professor of Business Administration, University of Virginia, Darden School

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Tim Jenkinson

Professor of Finance, Oxford University, Said Business School

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Steven Kaplan

Neubauer Family Distinguished Service Professor of Entrepreneurship and Finance, University of Chicago, Booth School of Business

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David Robinson

Professor of Finance and J. Rex Fuqua Distinguished Professor of International Management, Duke University, Fuqua School of Business

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PERC Research Fellows

Oleg Gredil

Assistant Professor of Finance at A. B. Freeman School of Business, Tulane University

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David Hartzell

Steven D. Bell and Leonard W. Wood Distinguished Professor in Real Estate; Professor of Finance, University of North Carolina, Kenan-Flagler Business School

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Morten Sorensen

Head of Finance Department, Copenhagen Business School; Adjunct Associate Professor of Business, Columbia Business School

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Per Stromberg

SSE Centennial Professor of Finance and Private Equity, Stockholm School of Economics; Adjunct Professor of Finance, Chicago Booth Business School

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