This article analyzes the economics of the private equity industry using a novel model and
dataset. We obtain data from a large investor in private equity funds, with detailed records on …

Private equity managers' compensation is a particularly problematic area in terms of its tax
treatment in the United States and some European countries. This problem originates from …

The origin of the word leveraged buyout (henceforth, LBO) is allegedly connected with Victor
Posner, an American businessman and public company hostile takeover pioneer (The …

In this paper, we provide original evidence on the economic role of placement agents as the
financial intermediaries between general and limited partners in private equity. Our research …

Private fond fee structures typically contain a catch-up—a widespread limited partner
preference—despite the fact that it increases fond fees and misaligns incentives. By …

Venture capital fund structures are complex, where management of venture capital
partnerships is vested in GPs. Corporate governance structures in venture capital funds may …

В статье рассмотрены сложившиеся в последние десятилетия зарубежные подходы к
эконометрическому моделированию деятельности фондов прямых частных …