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.
We are pleased to announce our inaugural Boston event: IPC Current Issues in Alternatives Symposium on Tuesday, April 29th. This event will explore a broad range of pressing topics in alternatives and their implications for investors.
 

Latest Research

Optimal Hedge Fund Allocation

July 15, 2025

This 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.

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Private Capital Markets and Inequality

July 08, 2025

This paper studies the relationship between the growth in private capital markets and the rise in economic inequalities in the U.S over the last two decades. First, we document that the share of financing raised by early-stage companies from U.S.-based high-net-worth individuals...

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Evergreen vs. Drawdown Funds: Risk, Returns and Cash Flows

June 11, 2025

Evergreen funds are a rapidly growing segment of the private capital universe. While open-ended structures have existed for decades in some asset classes such as real estate, the more recent products have included a broader set of assets such as private equity and credit. More

Recent News & Media

2025 PERC Symposium Oxford: Best Paper Award

June 09, 2025

The Private Equity Research Consortium (PERC) convened at the University of Oxford Saïd Business School on May 22-23, 2025 for its annual European research symposium. And the award for best paper goes to... More