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

Private Capital

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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).

06
Oct
2022
Stakeholder Capitalism

Pastor, a Kenan Institute Distinguished Fellow, will discuss how green stocks — despite outperforming brown in recent years because of an unexpectedly strong increase in environmental concerns — have lower expected future returns than brown.

This year’s in-person convening will discuss unique challenges and opportunities related to ESG issues in alternative investments.

Yimfor, a Kenan Institute Distinguished Fellow, will discuss his recent work on how access to venture capital varies by the founder’s race and alma mater and explore mechanisms driving the variation.

Stakeholder Capitalism

The argument that ESG investing generates more stable and higher long-term returns has come under scrutiny, including recent data showing long-run underperformance of ESG funds over the past five years. In this Kenan Insight, we provide some clarification based on recent research that revisits fundamental questions: why and how some investors take ESG factors into account in the first place.

Stakeholder Capitalism

Participants at this year's Alternative Investments Conference discuss how ESG metrics have evolved over the past decade.

Stakeholder Capitalism

Participants at this year's Alternative Investments Conference give their thoughts on the recent public focus on ESG.

A panel from this year's Alternative Investments Conference discusses how venture capital is playing catch-up on ESG investing, "knowing what levers you can pull," and the opportunity for huge growth in this week's Kenan Insight.

Stakeholder Capitalism

Participants at this year's Alternative Investments Conference discuss the increasing importance of ESG in their organizations and to investors.

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.

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.

Centers & Initiatives

Institute for Private Capital

Creating transformative knowledge of private capital.