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Research

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The AIC produces reports that inform readers about private equity investments. We publish quarterly and annual reports that provide current information about investment trends, fund performance, sector-specific investment, and private equity returns to pension funds. The AIC also monitors research by academics and other analysts and have curated a collection of important articles.

Sector Research

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Private Equity Secondaries Market Provides Liquidity and Flexibility

Examining the growth of the private equity secondaries market in the United States. Using data from PitchBook, the report shows how secondaries play an increasingly important role in delivering liquidity and flexibility to investors.

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Private Equity Delivers Stronger Long-Term Returns Than Any Other Asset Class

Demonstrating how private equity has outperformed public markets and other asset classes over 5-, 10-, 15-, and 20-year time horizons, even when accounting for fees. The report also examines fundraising and exit trends and analyzes how individual savers, particularly through expanded access to 401(k) plans, could benefit from incorporating private equity into their investments.

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Private Equity Investments Boost Small & Mid-Market Businesses

Examining how private equity serves as a crucial partner for small and mid-sized businesses. Using data from PitchBook, the report shows the industry’s role in supporting growth, jobs, and operational improvements across Main Street America.

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Private Equity Delivers the Strongest Returns for Retirees Across America

The 2025 public pension study, showing how private equity continues to deliver steady, reliable, and robust returns for public pension funds and the teachers, firefighters, and other public servants who depend on them for retirement security.

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Private Equity Invests in American Workers

Examining how private equity (PE) investments empower workers with competitive wages and benefits, innovative ownership programs, and professional skill development.

Regular Reports

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Private Credit is Powering the American Economy

highlighting private credit’s critical role in growing the U.S. economy, supporting jobs, and providing capital to small and medium-sized businesses across the country.

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Private Equity Strengthens U.S. Economy with More Jobs, Higher Pay, and Increased Investment

The report provides new data on the national impact of private equity investments, as well as detailed statistics for all 50 states on jobs, wages and benefits, and GDP.

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Public Pension Study (Annual)

Highlighting how private equity delivered the strongest returns for public pension portfolios. In 2023, private equity investments delivered a median annualized return of 15.2 percent over a 10-year period.

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Private Equity Industry Investment (Quarterly)

Analyzes changes in private equity investment each quarter for industrial sectors including business products & services, consumer products & services, information technology, financial services, healthcare, materials & resources, and energy.

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Performance Update (Quarterly)

Evaluates private equity fund returns each quarter relative to public market indexes, based on publicly available benchmarks and public pension fund returns over multiple time horizons.

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Investing Across America

Showcasing the investments that private equity firms are making across the country to strengthen local economies and support businesses of all sizes.

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Private Equity Trends (Quarterly)

Provides an overview of the fundamentals in the private equity each quarter, including investment volume, equity contributions, fundraising, dry powder levels, and exits.

Find academic studies of private equity on the on Other Industry Analyses page.