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.

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

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

SEC Oversight of Private Equity and Hedge Funds

March 10, 2025

We examine the effect of Securities and Exchange Commission (SEC) investigations on private fund investment advisers’ fundraising. We propose that SEC oversight could improve advisers’ disclosure and governance, facilitating capital formation. More

Hidden Risk

January 06, 2025

Since 2013, large U.S. hedge fund advisers have been required to report risk exposures in their regulatory filings. Using these data, we first establish that managers’ perceptions of risk contain useful information that is not embedded in fund returns. More

IPC Hosts 17th Annual Alternative Investments Conference

March 28, 2025

Our sincere thanks to all who attended this year's Alternative Investments Conference! This sold out event welcomed just under 250 investment professionals representing the entire finance community, including IPC members, LPs from state pension plans, foundations and endowments, GPs, funds of funds, service providers, and academics. More