Update February 12, 2014 New York, New York PCRI Mission - - PowerPoint PPT Presentation

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Update February 12, 2014 New York, New York PCRI Mission - - PowerPoint PPT Presentation

Private Capital Research Institute Update February 12, 2014 New York, New York PCRI Mission Tremendous growth of the private capital industry: Driven in large part by public pensions need for return Debate concerning consequences


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Private Capital Research Institute Update

February 12, 2014 New York, New York

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PCRI Mission

 Tremendous growth of the private capital industry:

 Driven in large part by public pensions’ need for return

 Debate concerning consequences of private capital

investments

 Important unanswered questions:  What is the impact of private equity investments:

  • On the employment and operating efficiency in the

firms in which they invest?

  • On innovation and real growth?

 How well do private equity investments perform?

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PCRI Mission

 Build data sets related to private capital which

can be made available to researchers for analysis.

 Enhance a community of scholars and sponsor

unbiased academic research on the nature and effects of private capital.

 Disseminate the findings of this research to

policy makers and the public at large to foster understanding of the role that private capital plays in the economy and society.

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PCRI Database

 30 Private Equity Firms agree in principle to transfer

data.

 Key Features:

 Anonymized database.  Stored on secure server hosted by the NORC.  Constraints on use of data.

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Update

 Fall 2013:

 Beta version 1.0 complete.  Initial researchers begin work.

 January 2014:

 Received data updates from our sponsors.

 April 2014 (expected):

 Version 2.0.

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General Partners By Location

Australia 2% Canada 5% China 8% France 4% Germany 4% India 2% Japan 2% South Korea 2% Spain 2% Sweden 2% United Kingdom 6% United States 42% Other 19%

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Number of Funds by Vintage Year

500 1000 1500 2000 2500 3000 3500

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Number of Investments by Year

5000 10000 15000 20000 25000 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

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Goals in the Next Year

 Roll out database to more users by June 2014.  First set of draft working papers by end of 2014.  Expand outreach of our data collection effort:

  • Explore potential strategic alliances.
  • GP data sponsors.

 www.privatecapitalresearchinstitute.org

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