Private Equity Basics #13: The Truth is that History Shows “No Outperformance of Buyout Funds Vis-à-Vis their Public Market Equivalents”

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Brad Case, PhD, CFA, CAIA

Brad Case, PhD, CFA, CAIA

Chief Economist

发布日期: 2020年9月22日

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“After adjusting for appropriate risks, we found no outperformance of buyout funds vis-à-vis their public market equivalents on a dollar-weighted basis.”

From Jean-Fran?ois L’Her, Rossitsa Stoyanova, Kathryn Shaw, William Scott, and Charissa Lai, “A Bottom-Up Approach to the Risk-Adjusted Performance of the Buyout Fund Market,” Financial Analysts Journal 72(4):36-48, July 2016.

Comments and dialogue are welcome, especially if you know of additional high-quality empirical research!

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