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 January 31, 2019 with a response date of February 28, 2019.
Latest Private Equity Research
Can Investors Time Their Exposure to Private Equity?
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
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
Using the unique laboratory of university endowments, we study the effects of expertise and networks on investment performance. More