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 for our 16th Annual Private Equity Research Symposium in Chapel Hill.
We invite submissions of theoretical and empirical papers for the PERC Chapel Hill Symposium. Submit by July 1.
 

Latest Research

Venture Debt as Bridge Financing

May 13, 2024

We show that venture debt often acts as bridge financing to an equity round or acquisition. We argue that venture lenders have distinct skill sets from traditional venture capitalists (VCs) that make them the natural investors while the company awaits the resolution of important strategic uncertainty. More

What Do We Know About Institutional-Quality Hedge Funds?

May 09, 2024

Using publicly available sources such as trade press and Form ADV filings, we compile a list of 561 “institutional-quality” hedge fund managers that each have at least 1 billion USD in primary hedge fund assets under management.

More

Risk-Adjusting the Returns to Private Debt Funds

March 26, 2024

Private debt funds are the fastest growing segment of the private capital market. We evaluate their risk-adjusted returns, applying a cash-flow based method to form a replicating portfolio that mimics their risk profiles. More

Recent News & Media

IPC Research Update & Event Schedule – May 2024

May 09, 2024

In case you missed it - read the latest monthly update from The Institute for Private Capital. More