Private Equity: Fund Types, Risks and Returns, and Regulation (Robert W. Kolb Series)
نویسنده
چکیده
Private equity differs from other asset classes, requiring a whole new approach and perspective. But with the right guidance, you can quickly become familiar with everything private equity has to offer. If you want to understand private equity from some of the leading practitioners and academics in this fi eld, then Private Equity— part of the Robert W. Kolb Series in Finance—is the book for you.
منابع مشابه
The Cash Flow, Return and Risk Characteristics of Private Equity
Using a unique dataset of private equity funds over the last two decades, this paper analyzes the cash flow, return, and risk characteristics of private equity. Unlike previous studies, we have detailed cash flow data for each fund, rather than aggregate or accounting returns. We also know the exact timing of investments and capital returns to investors and the number and types of companies eac...
متن کاملPrivate Equity Returns and Disclosure around the World*
This paper studies the returns to venture capital and private equity investment based on a sample of 221 private equity funds that are managed by 72 private equity management firms, in 5040 entrepreneurial investee firms, and spanning 33 years (1971 – 2003) and 39 countries from North and South America to Europe and Asia. We make use of four main categories of proxy variables for value-added ac...
متن کاملAccess versus Selection: What Drives Limited Partners’ Private Equity Returns?
An institutional investor’s private equity fund investment returns are determined by his/her access to and skills in selecting the best funds, but little is known about the extent of these two effects. Using a large sample of European pension funds’ private equity fund investments, we observed that limited partners are unable to select better funds for reinvestment compared to funds in which th...
متن کاملNet Asset Value Discounts in Listed Private Equity Funds
This paper investigates determinants and consequences of net asset value discounts in listed private equity funds. Listed private equity funds share characteristics of closed-end mutual funds and traditional unlisted private equity funds and can therefore offer insights into both. Our results have particular relevance to the pricing of unlisted private equity funds where no market prices are ob...
متن کاملNber Working Paper Series the Cash Flow, Return and Risk Characteristics of Private Equity
Using a unique dataset of private equity funds over the last two decades, this paper analyzes the cash flow, return, and risk characteristics of private equity. We document the draw down and capital return schedules for the typical private equity fund, and show that it takes several years for capital to be invested, and over ten years for capital to be returned to generate excess returns. We pr...
متن کامل