Risk and Return of Private Equity: An Overview of Data, Methods and Results

2009 ◽  
Author(s):  
Ludovic Phalippou
Keyword(s):  
Private Equity ◽  
Risk And Return

Private Equity: Risk and Return Profile

2013 ◽  
pp. 345-362
Author(s):  
Axel Buchner ◽  
Arif Khurshed ◽  
Abdulkadir Mohamed
Keyword(s):  
Private Equity ◽  
Risk And Return ◽  
Equity Risk

The risk and return of private equity real estate funds

2019 ◽  
Vol 42 ◽  
pp. 100471
Author(s):  
Kieran Farrelly ◽  
Simon Stevenson
Keyword(s):  
Real Estate ◽  
Private Equity ◽  
Risk And Return

Risks, Returns, and Optimal Holdings of Private Equity: A Survey of Existing Approaches

2012 ◽  
Vol 02 (03) ◽  
pp. 1250011 ◽  
Author(s):  
Andrew Ang ◽  
Morten Sorensen
Keyword(s):  
Private Equity ◽  
Agency Problems ◽  
Limited Data ◽  
Risk And Return ◽  
Compensation Contracts ◽  
Academic Literature ◽  
Equity Investments ◽  
Standard Risk ◽  
Performance Estimates ◽  
Private Equity Investments

We survey the academic literature that examines the risks and returns of private equity investments, optimal private equity allocation, and compensation contracts for private equity firms. The irregular nature and limited data of private equity investments complicate the estimation and interpretation of standard risk and return measures. These complications have led to substantial disparity in performance estimates reported across studies. Moreover, studies suggest that the illiquidity and transaction costs inherent in private equity investments have substantial implications for optimal holdings of these assets. While incentive fees in private equity address moral hazard and information agency problems, total fees in private equity investments are very large and incentive fees account for a minority of total compensation.

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