Latest Research
Evergreen vs. Drawdown Funds: Risk, Returns and Cash Flows
June 11, 2025Evergreen 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
Inflation Hedging and Real Assets: Are Public and Private Investments the Same?
June 01, 2025The resurgence of inflation risk has revealed stark contrasts between public and private real asset investments, particularly in infrastructure and real estate. Using granular data on 1,291 private infrastructure deals and 4,377 private real estate deals, along with private fund returns, this study... More
There is No Carried Interest Loophole
May 27, 2025Carried interest is a special, or disproportionate-to-ownership, allocation of profits to the general partner of a private equity or hedge fund partnership. Some commentators deride carried interest as a “loophole” that... More
Recent News & Media
2025 PERC Symposium Oxford: Best Paper Award
June 09, 2025The 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