Student-Run Private Equity Fund

The Kenan-Flagler Private Equity Fund is a student-run fund with more than $2 million of committed capital under management. The fund launched in 2007 and is the first and only student-run fund associated with a leading US business school that seeks to provide real returns to its limited partners.

The management team is comprised of 10 students: 4 first-year MBAs, 4 second-year MBAs, and 2 senior BSBAs. All students serve a 3 semester term with the program. In addition to active investment activities, the students participate in a series of private equity courses, lectures and events.

Students manage all aspects of the investment cycle: raising capital, sourcing deals, performing due diligence, making investment decisions, and presenting decisions to the Faculty/Advisory Committees and the Board of Directors. They receive course credit for their involvement with the program.

The Fund seeks to invest in a mix of buyout, mezzanine debt, growth capital and venture capital deals. All activities are sourced through our LPs and the network of UNC Kenan-Flagler alums that are active private equity professionals.

KFBS Private Equity Fund Press Release (May 6, 2009)