PT  - JOURNAL ARTICLE
AU  - Tsz Nok (Jack) Leung
TI  - A Systematic Risk Analysis of<br/>Listed Private Equity
AID  - 10.3905/jpe.2013.16.2.093
DP  - 2013 Feb 28
TA  - The Journal of Private Equity
PG  - 93--98
VI  - 16
IP  - 2
4099  - https://pm-research.com/content/16/2/93.short
4100  - https://pm-research.com/content/16/2/93.full
AB  - This study aims at dissecting the systematic risk of listed private equity (LPE) empirically through the decomposition of its beta. Instead of testing the assertion that LPE is a good proxy of unlisted private equity, the study intends to provide potential investors with better information regarding LPE’s systematic risk and to have a better reference to obtain the relevant cost of capital when evaluating individual LPE firm.TOPICS: Private equity, factor-based models, risk management, performance measurement