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Kenan Institute 2022 Annual Theme: Stakeholder Capitalism
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Market-Based Solutions to Vital Economic Issues

private equity

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The symposium will highlight recent research on buyouts, private credit, and venture capital, among other topics. Hosted by the Private Equity Research Consortium (PERC).

Stakeholder Capitalism

Some analysis indicates companies with diverse executive teams drive more revenue and are more likely to experience higher profits relative to their nondiverse peers, yet founding teams for both high-growth startups and the private capital groups that fund them stand in stark contrast to the U.S. working age population. Why? And why should it matter? In this week’s Kenan Insight, Kenan Institute Distinguished Fellow Emmanuel Yimfor unpacks statistics on the composition of both high-growth startups and private capital groups, explores the economic and societal implications of their lack of diversity and provides suggestions to facilitate change.

This paper evaluates the pros and cons of including private equity fund investments in defined contribution plans. Potential benefits include higher returns and improved diversification as well as a relatively safe method for accessing investments previously only available to institutions and the very wealthy. Despite these enticing benefits, they need to be weighed against potential challenges and costs that may arise from creating this broader access to private funds. The complicated structure and uncertainty around the mechanism to provide required liquidity backstops may bring increased fees or even disrupt the private fund model.

PERC returns to Oxford University’s Saïd Business School on May 26-27, 2022, for the Private Equity Research Consortium Spring Symposium. This group of scholars and industry professionals conducts and promotes research on private equity. This research symposium offers the opportunity for this group to engage with new academic research.

Yes, says this WSJ Pro Private Equity column on proposed SEC rules for private fund performance metrics. But Executive Director Greg Brown says it’s just a matter of time before public market benchmarks are more widely used.

As the SEC considers rules that would require private equity firms to provide quarterly performance reports to investors, researchers say they should use measurements that compare fund results with stock market benchmarks. Institute Executive Director Greg Brown tells WSJ Pro Private Equity that the method is even more effective if benchmarks are tailored to funds based on risk level.

Please join us for an exclusive conversation with Worthington Industries President and Chief Executive Officer, Andrew Rose on Wednesday, February 16. This discussion is part of the Dean’s Speaker Series, hosted by Kenan-Flagler Business School Dean Doug Shackelford.

Private equity investment in healthcare has grown over the last decade – but its role can be a hot topic. Some say PE funds innovation and streamlines costs, while others say it affects the quality of healthcare. In this week’s insight, RedSail Technologies Chief Strategy Officer Frances Nahas and Zetema Project Founder and Chair Mark Zitter to weigh in on the debate.

Stakeholder Capitalism

Greater focus on social justice has brought systemic inequities in the corporate sector to light, leading companies to step up their efforts in attracting and retaining a diverse workforce – but many challenges remain in implementing those goals. Following a joint report between the Kenan Institute and EY, this week’s Kenan Insight breaks down some challenges companies may face while trying to reach their diversity, equity and inclusion goals.

The Institute for Private Capital’s newly-released interactive model that aims to help private equity leaders assess diversity, equity and inclusion (DEI) goals was featured in a report by Ernst & Young.

Please join us for the upcoming 13th annual Private Equity Research Consortium hosted by the Institute for Private Capital in Chapel Hill, North Carolina this fall. The symposium will highlight recent research on buyouts, private credit, and venture capital, among other topics. This event brings together the world’s leading academics and practitioners to share ideas and present research. The Private Equity Research Consortium (PERC) is an assemblage of academic researchers and industry professionals dedicated to advancing research on private equity and credit.

The healthcare industry experienced massive disruption in 2020 and continues to face unprecedented times. Persistent challenges presented by the ongoing COVID-19 pandemic have forced organizations to rethink their existing practices as well as how they intend to operate in future. Now more than ever, healthcare leaders need to exercise flexibility and be equipped with the right tools and ideas to lead the next generation of health.