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Market-Based Solutions to Vital Economic Issues


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

Private Capital

Stakeholder Capitalism

There’s no escaping the growing interest in environmental, social and corporate governance investing, but not everyone agrees on how to define, measure or report the variety of factors considered under ESG. Professor Laura Starks of the University of Texas McCombs School of Business spoke on the subject in May at the Alternative Investments Conference, sponsored by the Institute for Private Capital. Starks’ keynote speech, highlighted here, examined the knowns and unknowns of ESG investing as well as new regulations that may be coming.

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.

Please join us for the 13th Annual Alternative Investments Conference on May 12, 2022 hosted by the Institute for Private Capital. 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.

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.

Stakeholder Capitalism

The explosive growth in ESG investing has created confusion among investors. As part of our yearlong series on stakeholder capitalism, we unpack what they should expect from ESG and try to reconcile it with both financial theory and empirical evidence. The bottom line is a bit complicated.

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.

Stakeholder Capitalism

Join the Kenan Institute of Private Enterprise for a virtual talk featuring London Business School Finance Professor Alex Edmans, who will critically examine the case for purposeful business using rigorous evidence and real-life examples to show what works – and, importantly, what doesn’t.

The Kenan Institute’s deep dive into stakeholder capitalism has exposed shortcomings in a key building block: ESG measurement. In this one-hour virtual session, we will convene a cross-sector group of panelists to discuss why ESG measurements matter to businesses large and small. The panelists will offer recommendations on scalable implementation, suggest how best to leverage such measures to meet the needs of different stakeholder groups, and provide tips on how to design reporting that is free from political influence and agendas.

In this interactive virtual workshop, learn how news gets made and how you can evaluate the credibility of news you find on the web. These practical skills will help you become news literate in your professional and personal lives.

This session delves into three critical aspects of smaller/regional funds. First, is their role in increasing diversity among both capital allocators and entrepreneurs who receive funding. Second, is how pooling capital in diversified vehicles that can invest locally can promote investment by larger VCs/investors. Third, is how regional funds can bridge the divides in communities that lack robust VC ecosystems.

In recent years, institutional investors have progressively depended on higher returns from private markets. As a result, there's been an increase in competition for quality investment. In a recent Economist special report on the topic, Institute for Private Capital Research Director Greg Brown and his co-authors' study on private asset returns is featured.

A new study by the Kenan Institute of Private Enterprise and the National Venture Capital Association shows employment grows roughly eight times faster at venture capital-backed startups than other private-sector firms, and 62.5% of employment at VC-backed companies took place in states other than California, Massachusetts, and New York, despite the concentration of VC investment in those areas.

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Institute for Private Capital

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