Institute for Private Capital – We improve public understanding of the role of private capital in the global economy. Academic a
Description: The Institute for Private Capital improves 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.
finance (9379) industry (3063) capital (1893) experts (1540) economy (1298) knowledge (1176) academic (964) markets (882) private capital (33) global economy (24)
Hedge fund teams with heterogeneous educational backgrounds, academic specializations, work experiences, genders, and races, outperform homogeneous teams after adjusting for risk and fund characteristics. An event study of manager team transitions, instrumental variable regressions, and an analysis of managers that simultaneously operate solo- and team-managed funds address endogeneity concerns. More
This white paper examines Environmental, Social, and Governance (ESG) issues in the context of institutional portfolios that include alternative investments, such as private equity, hedge funds, and real assets. The goal of the paper is to provide a framework for understanding issues related to ESG investing through an objective lens grounded in theoretical and empirical economic analysis. More
From 2010 to 2021, 639 US VC-funded firms achieved unicorn status. We investigate why there are so many unicorns and why founders grant investors privileges to obtain unicorn status. More
Institute for Private Capital – We improve public understanding of the role of private capital in the global economy. Academic a