News
New Research Indicates Public Firms Unique Role in a Dynamic Economy
In this new paper, authors examine the relationship between idiosyncratic volatility and the number of listed firms, and explain this relationship through Schumpeterian creative destruction. Comparatively, available data does not show a strong connection between changes in Census firms and creative destruction.
MoreNew Analysis Finds SBICs Outperform Peers
In a new IPC study "The Performance of Small Business Investment Companies", we find that Small Business Investment Companies (SBICs) funds perform quite well relative to non-SBIC peers in IRR, MOIC, and PME, yielding both positive average and median peer-adjusted performance.
MoreIPC Research Update & Event Schedule – May 2024
In case you missed it - read the latest monthly update from The Institute for Private Capital.
MoreIPC Hosts 16th Annual Alternative Investments Conference
IPC was pleased to welcome over 240 investment professionals to this year's sold out Alternative Investments Conference. Attendees represented the entire finance community, including LPs from state pension plans, foundations and endowments, GPs, funds of funds, service providers, and academics. More
2023 PERC Symposium Best Paper Award
The Private Equity Research Consortium (PERC) recently convened on November 2-3, in Chapel Hill for the 15th annual research symposium. Attendees voted "Do Investors Overvalue Startups? Evidence from the Junior Stakes of Mutual Funds" as this years best paper. More
2022 PERC Symposium Best Paper Award
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
Is the U.S. Economy at a Boiling Point, or Just Simmering?
As the U.S. continues to face COVID-19 and supply chain disruptions, experts debate just how worked up the economy is in its current state. This Kenan Insight serves as the first in a two-part point-counterpoint series, in which Kenan Institute Executive Director Greg Brown and Chief Economist Gerald Cohen hash out the arguments both for and against an overheating economy. More
New IPC Tool Helps Companies Evaluate DEI Goals
The Institute for Private Capital’s newly-released interactive model that aims to help private equity leaders assess diversity, equity and inclusion (DEI) goals was featured in a report by Ernst & Young. More
2021 PERC Symposium Best Paper Award
The Private Equity Research Consortium (PERC) recently convened on November 11-12, in Chapel Hill for the 13th annual research symposium. Over the course of two days, academic researchers and industry practitioners gathered for a discussion of the most pressing issues in private equity. In keeping with tradition, attendees voted for the Best Paper presented at PERC. This year’s award goes to Nicola Giommetti and Morten Sørensen for their paper Optimal Allocation to Private Equity. More
The Evolution of Private Equity Fund Value
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
