Latest Research
Do Public Equities Span Private Equity Returns?
April 10, 2025We characterize the factors common between public and private equity (PE) returns as well as the factors specific to private and public returns, respectively. Using a comprehensive dataset of PE funds and recent advances... More
Risk-Adjusted Performance of Private Funds: What Do We Know?
March 26, 2025In this IPC white paper, we examine the historical risk-adjusted performance of private funds across diverse asset classes and geographies using the most comprehensive and current dataset to date. More
Optimal Hedge Fund Allocation
March 14, 2025This study addresses the optimal asset allocation problem for investors managing a diversified portfolio of stocks, bonds, and hedge funds. Significant allocations to hedge funds may be justified due to their diversification benefits, even when hedge funds generate minimal or no alpha. More
Recent News & Media
What Investors Need to Know to Value Private Portfolios: Interview with IPC’s Greg Brown
April 25, 2025Gregory Brown, Research Director for the Institute for Private Capital and Professor of Finance at UNC Kenan-Flagler Business School recently spoke with CIO Magazine Executive Editor Amy Resnick about his research and what investors should know when valuing illiquid assets. More