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.

Call for Papers

We invite submissions of theoretical and empirical papers for the the Spring Research Symposium and Alts Investments Conference. Submit by November 25.

16th Annual Private Equity Research Symposium November 14-15

Save the date for our 16th Annual Private Equity Research Symposium in Chapel Hill.

Latest Research

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.

The Performance of Private Video Game Equity

November 03, 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.

IPC Research Update & Event Schedule – Aug 2024

August 08, 2024

In case you missed it - read the latest quarterly update from the Institute for Private Capital, with newly released research and insider insights on evolving trends in private equity, and an exciting line-up of fall research events.