RT Journal Article
SR Electronic
T1 A Systematic Risk Analysis of<br/>Listed Private Equity
JF The Journal of Private Equity
FD Institutional Investor Journals
SP 93
OP 98
DO 10.3905/jpe.2013.16.2.093
VO 16
IS 2
A1 Tsz Nok (Jack) Leung
YR 2013
UL https://pm-research.com/content/16/2/93.abstract
AB This study aims at dissecting the systematic risk of listed private equity (LPE) empirically through the decomposition of its beta. Instead of testing the assertion that LPE is a good proxy of unlisted private equity, the study intends to provide potential investors with better information regarding LPE’s systematic risk and to have a better reference to obtain the relevant cost of capital when evaluating individual LPE firm.TOPICS: Private equity, factor-based models, risk management, performance measurement