The Cash Flow, Return & Risk Characteristics of Private Equity
*** Abstract ***
Using a unique dataset of private equity funds over the last two decades, this paper analyzes the cash flow, return, and risk characteristics of private equity. Unlike previous studies, we have detailed cash flow data for each fund, rather than aggregate or accounting returns. We also know the exact timing of investments and capital returns to investors and the number and types … [ Read more ]
Content: Article | Authors: Alexander Ljungqvist, Matthew Richardson | Source: NYU Stern School of Business | Subjects: Finance, Venture Capital