UNC Kenan-Flagler Private Equity Fund | 781 followers on LinkedIn. The Kenan-Flagler Private Equity Fund manages over $10 million in assets. Since inception, the KFBSF Private Equity Fund has invested in 61 portfolio companies across four funds, exited 31 portfolio companies, and executed 5 dividend recapitalizations. The Fund co-invests with partner private investment firms.