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.

Alternative Investments Conference (AIC): March 27

Early registration is now open for the 2024 Alternative Investments Conference. AIC is one of the premier alternative investment forums in the Southeast, featuring a full day of alternative asset programming, with keynotes, roundtables, and panels, including the CIO Roundtable.

Singapore Private Equity Research Symposium: Feb 24

Hosted by The Institute for Private Capital (IPC), the University of St. Gallen’s, St. Gallen Institute of Management in Asia, and the Private Equity Research Symposium (PERC).

IPC Current Issues in Alternatives, NYC: Jan 16

Join us Thursday, January 16th for the IPC Current Issues in Alternatives Symposium, held at the offices of Ropes & Gray in NYC.

Call for Papers

We invite submissions of theoretical and empirical papers for the 2025 PERC Oxford Research Symposium. Submit by January 31st.

Latest Research

The Performance of Private Video Game Equity

December 07, 2024

I use deal-level data from StepStone to perform the first ever analysis of private video game investment using 566 private video game investment deals, most of which come in the form of venture capital. Using these deals, I analyze private video game companies as a source of value accretion and as investment opportunities.

Do GP Commitments Matter?

December 04, 2024

It is standard practice for private equity general partners (GPs) to commit capital to a fund alongside limited partners (LPs). Despite the ubiquity of the practice, and the belief that it aligns GP-LP incentives, there is almost no large-sample empirical analysis of GP commitments. In this analysis, we seek to fill the gap in research...

Investor Expertise and Private Investment Selection

November 19, 2024

Despite the remarkable growth of individual investors in private markets, little is known about their investment patterns. We test the impact of investor expertise on venture capital fund selection by conducting an experiment with limited partners.

New RCA Data Sharing Agreement with IPC & MSCI

January 01, 2025

Access to MSCI’s Real Capital Analytics (RCA) database is now available for academic research. Applications are accepted semiannually with deadlines of January 31 and July 31.