Fintech: Catalyst for (r)evolution

Investor interest in fintech is at an all-time high. From payments to blockchain, and everything in between, fintech solutions have the power to shape and reshape financial sectors across the globe. But how will the disruptive wave of fintech spread across different markets? What will fintech's influence look like, and what kind of opportunities exist for investors, startups, and incumbent financial institutions? Alex Billias dives into global fintech trends, comparing fintech's penetration in different markets, its potential for disruption, and its role in shaping the future of global financial services.

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Private Equity Findings Issue 13

Bella Private Markets collaborated with the Coller Research Institute to produce the thirteenth issue of Private Equity Findings, a publication that curates the most important cutting-edge academic research on private equity and brings together leading practitioners to discuss its implications. This issue examines how private equity ownership affects product pricing, the impact of management teams on company performance, persistence of returns among fund managers, and the status of entrepreneurship in the United States, among other topics.

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Diverse Asset Management Study

In a recently published study funded by the Knight Foundation, we offer the first comprehensive look at diverse ownership of asset management firms. In addition to quantifying the representation of women- and minority-owned firms in the U.S. asset management industry, this report also explores the performance of diverse-owned funds and finds them to perform just as well as the industry overall.

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Private Equity Findings Issue 12

Bella Private Markets collaborated with the Coller Research Institute to produce the twelfth issue of Private Equity Findings, a publication that curates the most important cutting-edge academic research on private equity and brings together leading practitioners to discuss its implications. This issue examines the factors that lead to LP outperformance, private equity’s ability to transform industry sectors, and the demand for impact investment funds, among other topics.

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Venture capital activity in the low-earth orbit sector

In research commissioned and published by NASA, Bella Research takes a penetrating look at venture capital investment in low-Earth orbit (LEO) space companies. We not only quantify the amount invested and number of deals over time, but also identify the most prevalent areas of investment (launch vehicles and miniature earth observation/remote sensing satellites) and examine the performance of VC-backed LEO firms to date.

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The impact of early stage equity funds in Latin America

This report, commissioned by the Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank (IDB) Group, examined the direct and indirect social impacts of three early stage investment funds: Vox Impact Investing Fund I, a Brazilian impact investment fund headquartered in São Paulo; Progresa, a classic VC fund located in Medellín, Colombia and focused on healthcare and technology companies; and NXTP Labs, a LatAm regional seed fund managed by an investment firm that runs an accelerator modeled on Silicon Valley’s Y Combinator. Through a deep examination of the history and strategies of each fund, as well as detailed analysis of the investments in their portfolios, we found that the funds were effective in supporting the region’s economic development and contributed to improving the VC ecosystems in which the funds operated.

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The impact of the America Invents Act on small businesses

The Small Business Administration Office of Advocacy contracted the Bella team to evaluate the impact on small businesses of the 2011 Leahy-Smith America Invents Act, the most substantive change to U.S. patent law since the 1950s. To rigorously assess the legislation’s impact, we performed three quantitative analyses: a public company event study, a venture capital financing analysis, and an investigation of a similar patent law shift in Canada in 1989. We complement the empirical findings with an extensive literature review and insights from interviews with various industry experts.

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