Private Equity Fund Performance and Persistency by Fund Type

IK Song (Korea Economic Daily)
Ji Eun Kang (Korea Institute of Finance)
Chang Hyun Yun (Korea Institute of Finance)

Journal of Derivatives and Quantitative Studies: 선물연구

ISSN: 1229-988X

Article publication date: 31 August 2014

198

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


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