Transaction Structures in the Developing World: Evidence from Private Equity

Lerner and Schoar make available an interesting look at private equity financing. For instance, did you know that “in developing nations, the bulk of financings are private ones?” After examining 210 private equity transactions in developing countries, L&S report that in developing nations there is a much greater heterogeneity in private issuances. “The choice of security appears to be driven by the … [ Read more ]