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Dokumenttyp:
Working Paper 
Autor(en):
Braun, R.; Schmidt, M. 
Nicht-TUM Koautoren:
Nein 
Kooperation:
Titel:
The Limited Partnership Model in Private Equity: Deal Returns over a Fund's Life 
Abstract:
Private equity (PE) fund managers recurrently close limited partnerships, thereby running several funds simultaneously. Conceptually, the limited partnership model as a form of financial intermediation should not have any impact on decisions about single PE investments and returns. This study takes advantage of a unique database containing cash flow data on 10,566 investments by 702 PE limited partnerships. We note a robust drop in investment returns once a new limited partnership is established...    »
 
Intellectual Contribution:
Discipline-based Research 
Jahr:
2014 
Key publication:
Nein 
International:
Nein 
commissioned:
not commissioned 
Interdisziplinarität:
Nein