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.
This research symposium returns in-person to the University of Oxford, and brings together leading professionals and academics to focus on global issues in private equity.
Join us for the IPC New York Research Symposium, hosted by the Institute for Private Capital on April 26th in NYC.
This research symposium brings together academic researchers and industry practitioners to discuss applied research in the broad field of private capital and alternative investments.
This conference provides insights into current topics in alternative investments as well as the opportunity to meet and learn from some of the most influential industry leaders.

Latest Research

ESG for Institutional Portfolios

March 30, 2023

This white paper examines Environmental, Social, and Governance (ESG) issues in the context of institutional portfolios that include alternative investments, such as private equity, hedge funds, and real assets. We also examine ESG as an expression of the broader concept of stakeholder capitalism. The goal of the paper is to provide a framework for understanding issues related to ESG investing through an objective lens grounded in theoretical and empirical economic analysis. More

Selecting Private Equity Funds Using Machine Learning

November 04, 2022

Prospective investors in Private Equity (PE) funds receive a large amount of non-standardized and qualitative information about fund manager investment strategies. Using a novel and proprietary sample of 380 Private Placement Memoranda, we combine for the first time Natural Language Processing techniques and Machine Learning algorithms to forecast PE fund success based on investment approach descriptions. More

Are Lower Fees Better? Changing the Management Fee Basis in Private Equity

October 27, 2022

Does reducing management fees to private equity fund managers preclude investors from hiring skilled managers and induce agency problems? I study a popular management fee contract that reduces management fees by paying a percentage of capital invested into the fund's unrealized projects. More

Recent News & Media

2022 PERC Symposium Best Paper Award

November 29, 2022

This year’s award goes to Minmo Gahng and Blake Jackson (University of Florida, Warrington College of Business) for their paper Selling Private Equity Fees. Their paper examines private equity (PE) firms’ minority stake sales and the impact of these sales on agency frictions with fund investors. More