Since 2008, the Alternative Investments Conference has served as a forum for private equity, hedge fund, venture capital and other alternative asset professionals to network, share ideas and stay abreast of industry trends. The conference provides insights into current topics in alternative investments as well as the opportunity to meet and learn from some of the most influential industry leaders.
On Wednesday, September 22, Piedmont Capital Partners Co-founder and Managing Partner Louise Brady and Partner Bobby Long joined UNC Kenan-Flagler Business School Dean Doug Shackelford to kick off the 2021-2022 Dean’s Speaker Series. Check out their fireside chat to hear the experts’ takes on economic regionalism, the industries most ripe for investment and growth amid and beyond COVID-19, and the role business should play to stem the pandemic-induced exodus of women from the workforce.
As the pandemic forced shutdowns across the globe, U.S. government entities at the federal, state and local levels worked swiftly to secure known drivers of economic growth and job creation – including entrepreneurial ecosystems and small businesses. And while the programs implemented were widely lauded as successful, the story of who benefitted – and who did not – is more complex. This week’s Kenan Insight explores our experts’ key findings around the roles of policy and implementation in supporting equal access to opportunity.
Join UNC and 100 Black Angels & Allies for an evening of fun, connection and learning. If you have been reading about the full Black Technology Ecosystem Investors (BTEI) Certificate Program and are curious about whether it’s right for you, this is an event you won’t want to miss! You will hear from both practiced investors and everyday people who want to steer their investment towards Black-founded companies and venture funds. We’ll take a deeper look at what topics are included in the BTEI course, what a typical session might look like and what becoming BTEI certified might mean for you personally.
The COVID-19 pandemic increased economic inequities in a number of ways, including in access to external capital – and while 2020 marked a break-out year for venture-backed firms, the pandemic hit many main street businesses hard. In this Kenan Insight, we explore the forces driving the haves and have-nots in this new economic climate, as well as actionable policy solutions as government support programs wind down.
The Paycheck Protection Program kept small businesses from folding during the pandemic, but left many women and minority business owners empty-handed.
Are the agglomeration economies of technology hubs augmented by a localized market for start-ups – acquisitions, and IPOs? How does this affect the ability of places outside of those hubs to foster digital startups as a tool of local economic development? We study this with a particular focus on acquisitions by the seven largest American digital platforms – Amazon, Alphabet [Google], Apple, Microsoft, Facebook, Oracle and Adobe, which we call, collectively, Big Tech. We cover the years 2001-2020. We show that firms acquired by Big Tech are, disproportionately to the sectors in which they operate, concentrated in major tech clusters, and particularly in the Silicon Valley (San Francisco/San Jose). We argue that the acquisition market – and its effects on both the major tech hubs and the left behind rest – depends crucially on the proprietary control of access to various digital network products. Regulation of these markets, particularly in the form of common carrier status and open standards, could achieve a considerable re-balancing.
Major strides have been taken in recent years to push toward more sustainable investing practices, yet it remains to be seen if such initiatives are actually meeting their goals. In this Kenan Insight, we look at the challenges of both implementing and measuring the effectiveness of social entrepreneurship and impact investing.
One of the long-standing damages of institutional racism in the United States has been a bleak economic outlook for African Americans. In this Kenan Insight, we ask whether today’s activism might prove to be a defining moment in turning the tide for Black economic futures, and if so, who will play the key roles in creating lasting change.
We contend that the decision between public and private ownership can be understood in a cost-benefit framework where firms trade-off the governance benefits of private ownership with the potentially lower capital costs of public ownership. Consequently, ownership structure can be understood by examining the governance model that maximizes firm value. We discuss the conditions under which firms maximally benefit from private ownership, and argue that the “governance engineering” by private equity sponsors can ultimately explain the continued rise of private markets to the detriment of public markets.
NVCA and Startup@BerkeleyLaw have selected SMU and the University of North Carolina at Chapel Hill to host VC University LIVE programs in 2020-21, spotlighting the local venture communities and convening local and coastal industry leaders.