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Document type:
Zeitschriftenaufsatz 
Author(s):
Braun, R.; Jenkinson, T.; Stoff, I. 
Non-TUM Co-author(s):
ja 
Cooperation:
international 
Title:
How persistent is private equity performance? Evidence from deal-level data 
Abstract:
The persistence of returns is a critical issue for investors in their choice of private equity managers. In this paper we analyse buyout performance persistence in new ways, using a unique database containing cash-flow data on 13,523 portfolio company investments by 865 buyout funds. We focus on unique realized deals and find that persistence of fund managers has substantially declined as the private equity sector has matured and become more competitive. Private equity has, therefore, largely co...    »
 
Intellectual Contribution:
Discipline-based Research 
Journal title:
Journal of Financial Economics 
Journal listet in FT50 ranking:
Journal of Financial Economics 
Year:
2017 
Journal volume:
123 
Journal issue:
Pages contribution:
273-291 
Key publication:
Ja 
Peer reviewed:
Ja 
International:
Ja 
Book review:
Nein 
Commissioned:
not commissioned 
Professional Journal:
Nein 
Interdisciplinarity:
Nein 
Mission statement:
Ethics and Sustainability:
Nein