Private Equity Research Consortium (PERC) is an assemblage of academic researchers and industry professionals dedicated to advancing research on private equity and credit. Our core mission is to develop a better understanding of how private capital investments affect both financial results and broader economic outcomes.
PERC, organized through IPC, was established in 2012 by scholars from the business schools at the University of Chicago, Duke University, UNC-Chapel Hill, University of Oxford, and the University of Virginia as well as other institutions who recognized challenges facing empirical research on private equity. PERC supports academic studies by researchers all over the world by facilitating access to data for scholars. For example, PERC has an exclusive arrangement with MSCI to provide access to data for academic research. The MSCI-Burgiss data available for use by PERC researchers contains over 12,000 funds and more than 200,000 underlying investment holdings. It is sourced directly from limited partners and contains full performance histories of cash flows at the fund level. The MSCI-Burgiss dataset represents the largest and most in-depth dataset of its kind on venture, buyout, and real estate funds available for academic research.
PERC periodically accepts applications from academic researchers for access to MSCI-Burgiss private equity fund data.
Greg Brown
Research Director, IPC; Weatherspoon Distinguished Professor of Finance, UNC Kenan-Flagler Business School
Keith Crouch
Executive Director, Co-Head Private Capital Product, MSCI
Robert S. Harris
C. Stewart Sheppard Professor of Business Administration, University of Virginia, Darden School; (PERC Advisory Board Chair)
Yael Hochberg
Ralph S. O’Connor Professor in Entrepreneurship & Finance, Head of the Entrepreneurship Initiative, Rice University
Tim Jenkinson
Professor of Finance, Oxford University, Saïd Business School
Steven Kaplan
Neubauer Family Distinguished Service Professor of Entrepreneurship and Finance, University of Chicago, Booth School of Business
David Robinson
Professor of Finance and J. Rex Fuqua Distinguished Professor of International Management, Duke University, Fuqua School of Business
This update of IPC’s IPO model shows that the IPO Market has returned to normal (even if just barely). It’s a far cry from the “hot” market of 2021, but we see positive signs – if momentum continues in August, the IPO Market could finally sustain a more normal posture over the longer term.
This paper studies the relationship between the growth in private capital markets and the rise in economic inequalities in the U.S over the last two decades. First, we document that the share of financing raised by early-stage companies from U.S.-based high-net-worth individuals...
What drives racial diversity on startup boards? We provide the first evidence on this question by exploiting the demand shock from the 2020 George Floyd (GF) protests. Using...