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.

SAVE THE DATE: Active Management Research Alliance Symposium

Please join us for the Active Management Research Alliance Symposium at the Metropolitan Club in New York City on January 11, 2022.

2021 Real Estate Research Symposium September 30

The symposium will bring together practitioners and academics to share new and compelling work in real estate and allow for discussion and collaboration to help find, gain and organize data in commercial real estate.

13th Annual Private Equity Research Symposium November 12

The 13th Annual Private Equity Research Symposium will highlight recent research on buyouts, private credit, and venture capital, among other topics.

SAVE THE DATE: 2022 Alternative Investments Conference (AIC)

The 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

The Future of Private Equity – PERC Roundtable

October 14, 2021

At IPC's May 2021 Private Equity Research Symposium, a roundtable discussion convened to discuss the Future of Private Equity. The academic discussion featured Tim Jenkinson (Oxford University’s Saïd Business School), Bob Harris (UVA's Darden School of Business), Victoria Ivashina (Harvard Business School), and Per Stromberg (Stockholm School of Economics). Our industry panel featured Petra Bukovec (Panetheon), Alex Rogers (HarbourVest), and Frank McKinniry (Vanguard). More

Investment with Social Impact: Evidence from Commercial Real Estate Investment by Public Pension Funds

May 03, 2021

This paper studies whether and how investments by public pension funds result in a different social impact, measured by employment growth, relative to investments by other large investors. Using commercial real estate (CRE) investments as a laboratory, I compare direct pension fund CRE investments to a counterfactual of real estate private equity (REPE) CRE investments. More

How Do Financial Expertise and Networks Affect Investing? Evidence from University Endowments

April 25, 2021

We examine the links between human capital and endowment investing. Harnessing detailed information on university endowments, we find that higher asset allocations to alternative assets accompany higher levels of human capital in the endowment’s investment process. Moreover, high levels of human capital are linked to larger returns, even on a risk-adjusted basis. More

The Evolution of Private Equity Fund Value

August 24, 2021

On average, venture capital and buyout funds experience a performance fall off after seven to eight years, while the cross-sectional dispersion amongst them increases. IPC’s Gregory Brown joined Jian Zhang, Partner from Adams Street Partners, and Wendy Hu, Senior Researcher at Burgiss, for a webcast on August 19 to discuss their research findings, as well as the implications for GPs, LPs, the secondaries market, and for asset allocation in PE. More