The Institutional Limited Partners Association (ILPA) has supported a new initiative from the Private Capital Research Institution (PCRI) to spread education about private capital investing.
The PCRI will build a global private capital database to be stored at an academic institution, from which academics can gain access after submitting proposals, according to a PCRI statement. Led by Harvard Business School professor Josh Lerner, the PCRI will collaborate with The Brookings Institute to analyse and share its findings with industry players, policymakers and the general public.
“Currently, the main barrier to performing high-quality academic research on the private capital industry is the quality of information relating to transactions and funds,” Lerner said in the statement. Restricted access to databases and discrepancies across different databases have posed challenges for producing verifiable research, Lerner added.
“With more data and reports being generated on the subject, it will provide the opportunity for that [knowledge] gap to diminish,” executive director of ILPA Kathy Jeramaz-Larson told Private Equity International. The database would also help enhance the long-term sustainability of the private equity asset class, she added.
“We support transparency in the asset class between institutional investors and general partners, and for the most part, both groups are data oriented,” she said.
ILPA’s Private Equity Principles have been endorsed by more than 140 organisations globally since being introduced in September 2009. The organisations include public and corporate pension funds, sovereign wealth funds, endowments, foundations, family offices and a number of private equity investment firms and advisory firms.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: