Decreasing Returns or Reversion to the Mean? The Case of Private Equity Fund Growth
Author: Rossi, Andrea on Jan 01, 2018
This article analyzes the interaction between the growth and the performance of the two most prominent groups of private equity (PE) funds: buyout funds and venture capital (VC) funds.
These funds are usually structured as closed-end, limited-life vehicles. Therefore, in order to keep earning fees, PE firms periodically attempt to…
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