Abstract
This study investigates the private equity funds’ performances and persistence by fund type. Diversification benefit exists between public equity and private equity and among different types of private equity funds. The net IRR of private equity funds depends on fund type, economic growth, stock market performance, inflation and interest rate. Fund performance was negatively correlated with capital inflow to private equity market and fund size. Fund size and series are positively correlated. Performance persistency exists in private equity fund managers. Fund type is very important factor in analyzing private equity fund performance and persistency.
Keywords
Citation
Song, I., Kang, J.E. and Yun, C.H. (2014), "Private Equity Fund Performance and Persistency by Fund Type", Journal of Derivatives and Quantitative Studies: 선물연구, Vol. 22 No. 3, pp. 531-564. https://doi.org/10.1108/JDQS-03-2014-B0006
Publisher
:Emerald Publishing Limited
Copyright © 2014 Emerald Publishing Limited
License
This article is published under the Creative Commons Attribution (CC BY 4.0) licence. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this licence may be seen at http://creativecommons.org/licences/by/4.0/legalcode