Private Equity Firms as Gatekeepers

Do Private Equity Owned Firms Have Better Management Practices?

We use an innovative survey tool to collect management practice data from over 4,000 medium sized manufacturing firms across Asia, Europe and the US. These measures of managerial practice are strongly associated with firm-level performance (e.g. productivity, profitability and stock market value). Private equity firms are significantly better managed than government, family and privately owned ...

Investing in Private Equity

Can private equity deliver on equity?

a Save the Children UK, 1 St John’s Lane, London, EC1M 4AR, England. Correspondence to Giorgio Cometto (e-mail: giorgiocometto@hotmail.com). In June 2009, a new Health in Africa Fund was launched by the International Finance Corporation (IFC), the branch of The World Bank group mandated with supporting and expanding the private for-profit sector. This Fund will be managed by Aureos Capital, a p...

Valuing private equity∗

To understand the pricing and performance of private equity (PE), we analyze the incomplete-markets portfolio choice problem facing a risk-averse limited partner (LP) investing in liquid stocks and bonds along with an illiquid PE investment. A general partner (GP) manages the PE asset and generates alpha on it and charges management and performance fees via carried interest in return. Our compl...

Psychotherapists as Gatekeepers

In order to receive medically necessary gender-affirming treatments, transgender individuals are required to provide evidence of their readiness for gender transitioning. Most often, this evidence includes 1 letter for hormone therapy and 2 letters for surgery. According to the World Professional Association for Transgender Health (WPATH) Standards of Care (SOC), psychotherapists or other eligi...