Latest Research
Risk-Adjusted Performance of Private Funds: What Do We Know?
March 26, 2025In 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, 2025We 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, 2025Since 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
Recent News & Media
IPO Update – March 2025
March 10, 2025Our quarterly IPO forecast model with latest data through the end of February is now available. The U.S. IPO market remains “cold” and unfortunately, our model continues to predict about a 60% chance it will stay cold over the next two quarters. More