Global Private Equity Performance Series
In most of modern finance, things tend to matter only if they can be measured precisely and frequently. By contrast, …
Oct 01, 2019
Fund investors exercise a certain pressure on fund managers to quickly deploy the capital committed to funds. The rationale is that if they do, the performance drag from idle cash will be reduced. Under pressure, fund managers might have less freedom to select the best opportunities over time.
The evidence shows that managers of US LBO funds of vintage years (VY) 2000 to 2010 have been deploying more capital in the first year (29%) than during each of the following ones. Years 2 and 3 are roughly at par (20%) and amounts decline after that rather regularly and rapidly.
Global Private Equity Performance Series
In most of modern finance, things tend to matter only if they can be measured precisely and frequently. By contrast, …
Oct 01, 2019
AI²: Alternative Investments Meet Artificial Intelligence
The profitability and investment potential into AI is not a contentious topic. But to what extent could AI disrupt and …
Sep 26, 2019
Private vs. public:
co-movements are stronger than you think
The quarterly movements of multiples of US LBO funds and major US stock indexes appear to be significantly positively correlated, …
Sep 20, 2019