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Showing articles by Zhang, Nan R.

Investing Outside the Box: Evidence from Alternative Vehicles in Private Equity

Author: Lerner, Josh, Mao, Jason, Schoar, Antoinette, Zhang, Nan R. on Aug 15, 2018

The last two decades have seen a significant transformation of the structure of the private equity (PE) industry. Not only has the amount of capital under management by buyout, venture, and private debt funds grown dramatically, but it has become more concentrated in a smaller set of fund families. At…

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