Private Equity (PE) funds have returned about the same as public equity indices since at
least 2006. Large public pension funds have received a net Multiple of Money (MoM) that …

Abstract Research Summary Theories and empirical evidence on the competitive motives for
VC internationalization are unclear and contradictory. In our study, we adopt a performance …

We survey more than 200 private equity (PE) managers from firms with $1.9 trillion of assets
under management (AUM) about their portfolio performance, decision-making and activities …

The growing interest in private equity means that allocators must carefully evaluate its risk
and return. The challenge is that modeling private equity is not straightforward due to a lack …

Detractors have warned that Private Equity (PE) funds tend to over-lever their portfolio
companies because of an option-like payoff, building up default risk and debt overhang. This …

Within the growing body of literature on private equity, there is intense controversy as to
whether, and by how much, the industry really adds value. However, much of the diversity in …

Elevate your game in the face of challenging market conditions with this eye-opening guide
to portfolio management Investing Amid Low Expected Returns: Making the Most When …

We construct a novel dataset to explore the returns of private equity in international markets
(ie, other than North America). We investigate fund performance and persistence and …

We assemble cash flow data on all investments by Israeli pension providers in private equity
and venture capital funds over nearly 20 years to evaluate their realized performance which …

We study the impact of including private investment funds into diversified portfolios that
otherwise hold only public stocks and bonds. Our analysis uses a large sample of 3,380 US …