The COVID-19 Pandemic and Small Business Employment

April 01, 2020

The COVID-19 pandemic has put 18 million jobs at small businesses in the U.S. at risk – which could as much as quadruple the nation’s total unemployment rate. The effects of both the coronavirus and recent government relief programs were explored by a panel of Kenan Institute-convened experts during a press briefing held yesterday. The full recording of this briefing—along with a deeper-dive analysis on the specific implications of the financial downturn on small business employment by Kenan Institute Research Director Professor Christian Lundblad and UNC Kenan-Flagler Business School Professor Paige Ouimet—is available in this week’s Kenan Insight. More

Business and Economic Impact of COVID-19

March 30, 2020

To help separate fact from fiction and legitimate concern from panic, the Kenan Institute of Private Enterprise and UNC Kenan-Flagler Business School convened six top faculty researchers to discuss the likely effects of the pandemic on business and the economy. More

Can Investors Time Their Exposure to Private Equity?

March 27, 2020

Private equity markets are highly cyclical. The aggregate amount of capital committed to the sector varies substantially from peak to trough, and many have observed that periods of high fundraising activity are followed by periods of low absolute performance for the asset class (see Harris, Jenkinson, and Kaplan, among others). This raises an important question: is it possible to market-time the allocations to private equity to avoid the cyclicality of performance? More

CIO Compensation at Endowments and Foundations Related to Investment Returns

January 03, 2020

UNC's Matteo Binfarè and UVA's Robert Harris found a 1% increase in investment return leads to a 3% increase in the CIO’s pay, according to a recent study published this past December. More

Taming Unicorns: The Chaotic World of Mutual Fund Valuation

November 20, 2019

Over the last two decades, public and private equity markets have changed dramatically. For instance, the total number of publicly listed firms decreased from more than 7500 in 1997 to approximately 3500 in 2018. This precipitous decline can be attributed to a corresponding sharp drop in the number of IPOs. More

Wrap-Up: Commercial Real Estate Data Alliance (CREDA) 2019 Real Estate Research Symposium

October 17, 2019

Real Estate investments continue to rise in importance in the alternative asset space. But much is still to be learned about their value and performance. More

EY and Institute for Private Capital Report Featured in Institutional Investor

October 16, 2019

The collaborative report cites Preqin data, and states private equity growth is “one of the most profound shifts in the capital markets since the 19th century." More

IPC Welcomes Cambridge Associates as a Member

October 02, 2019

Cambridge Associates is a leading global investment firm. The firm aims to help endowments & foundations, healthcare systems, pension plans, and private clients implement and manage custom investment portfolios to generate outperformance so they can maximize their impact on the world. With more than 45 years of institutional investing insights, the firm has helped to shape and implement investment best practices and built strong global investment networks with the purpose of driving outperformance for clients. Cambridge Associates delivers a range of services, including outsourced CIO, non-discretionary portfolio management, staff extension and alternative asset class mandates. Cambridge Associates maintains offices in Boston; Arlington, VA; Beijing; Dallas; London; Menlo Park, CA; New York; San Francisco; Singapore; and Sydney. Cambridge Associates consists of five global investment affiliates that are all under common ownership and control. More

IPC Welcomes HarbourVest Partners as a Member

October 01, 2019

HarbourVest is an independent, global private markets investment specialist with 36 years of experience and more than $58 billion in assets under management, as of March 31, 2019. The Firm’s powerful global platform offers clients investment opportunities through primary fund investments, secondary investments, and direct co-investments in commingled funds or separately managed accounts. HarbourVest has more than 500 employees, including more than 125 investment professionals across Asia, Europe, and the Americas. This global team has committed more than $35 billion to newly-formed funds, completed over $19 billion in secondary purchases, and invested over $9 billion directly in operating companies. Partnering with HarbourVest, clients have access to customized solutions, longstanding relationships, actionable insights, and proven results. More

Private Equity Research Consortium Prepares Fund Holdings Data for Academic Analysis; Celebrates 10-year Partnership with Data Provider Burgiss

August 20, 2019

The Private Equity Research Consortium this fall plans to make fund holdings data available for academic research—a development that helps mark the 10-year partnership between data provider Burgiss and the Institute for Private Capital, an affiliate of UNC Kenan-Flagler Business School’s Frank H. Kenan Institute of Private Enterprise. More