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.

2025 Oxford Private Equity Research Consortium Spring Symposium: May 22-23

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.

IPC Current Issues in Alternatives, Boston: April 29

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

What Do We Know About Institutional-Quality Hedge Funds?

April 15, 2025

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.

Do Public Equities Span Private Equity Returns?

April 10, 2025

We characterize the factors common between public and private equity (PE) returns as well as the factors specific to private and public returns, respectively. Using a comprehensive dataset of PE funds and recent advances... More

Risk-Adjusted Performance of Private Funds: What Do We Know?

March 26, 2025

In this IPC white paper, we examine the historical risk-adjusted performance of private funds across diverse asset classes and geographies using the most comprehensive and current dataset to date. More

What Investors Need to Know to Value Private Portfolios: Interview with IPC’s Greg Brown

April 25, 2025

Gregory Brown, Research Director for the Institute for Private Capital and Professor of Finance at UNC Kenan-Flagler Business School recently spoke with CIO Magazine Executive Editor Amy Resnick about his research and what investors should know when valuing illiquid assets. More