Text
Private equity performance : returns, persistence, and capital flows
This paper investigates the performance and capital in flows of private equity partnerships. Average fund returns (net of fees) approximately equal the S & P 500 although substantial heterogeneity across funds exists. Returns persist strongly across subsequent funds of a partnership. Better performing partnership are more likely to raise follow-on funds and larger funds. This relationship is concave, so top performing partnership grow proportionally less than average performers. At the industry level, market entry and fund performance are procyclical ; however, established funds are less sensitive to cycles than new entrants. .Printed Journal
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | : The American Finance Association |
|---|---|
| Edisi | - |
| Subjek | - |
| ISBN/ISSN | 00221082 |
| Klasifikasi | - |
| Deskripsi Fisik | - |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |