AIF is an independent economic think tank focusing on institutional investment policy
About AIF


AIF’s content and membership are determined by AIF’s Advisory Board, which consists of more than 100 of the world’s most influential investment thought leaders. The Board has been chaired by Harvard Business School Professor of Investment Banking Josh Lerner since its creation in 2009.

AIF Advisory Board Chair

Josh Lerner

Josh Lerner, Ph.D.

Jacob H. Schiff Professor of Investment Banking, Harvard Business School
Advisory Board Chair, AIF Global

Josh Lerner is the Jacob H. Schiff Professor of Investment Banking at Harvard Business School, and head of the Entrepreneurial Management unit. He graduated from Yale College with a special divisional major that combined physics with the history of technology.

He worked for several years on issues concerning technological innovation and public policy at the Brookings Institution, for a public-private task force in Chicago, and on Capitol Hill. He then earned a Ph.D. from Harvard’s Economics Department.

Much of his research focuses on venture capital and private equity organizations. (This research is collected in three books, The Venture Capital Cycle, The Money of Invention, and Boulevard of Broken Dreams.) He also examines policies on innovation and how they impact firm strategies. (That research is discussed in the books Innovation and Its Discontents, The Comingled Code, and the Architecture of Innovation.)

He co-directs the National Bureau of Economic Research’s Productivity, Innovation, and Entrepreneurship Program and serves as co-editor of their publication, Innovation Policy and the Economy. He founded and runs the Private Capital Research Institute, a nonprofit devoted to encouraging access to data and research about venture capital and private equity, and serves as vice-chair of the World Economic Forum’s Global Agenda Council on the Future of Investing.

AIF’s Advisory Board Board consists of five sub-boards.