We provide the first analysis of the risk exposure and risk-adjusted performance of impact
investing funds, private market funds with dual financial and social goals. We introduce a …

This paper explores private equity real estate fund performance and voluntary
environmental, social, and governance (ESG) disclosures. Using data from the National …

Since the 2000s, US public pensions have rotated out of public equities and into alternative
assets like private equity and hedge funds. We explore several explanations for these …

We survey the literature on the private equity partnership arrangement from the perspective
of an outside investor (limited partner). We examine how the partnership arrangement fits …

We estimate unsmoothed private equity net asset values (NAVs) at weekly frequency for
individual funds. Using simulations and large samples of buyout and venture funds, we …

This chapter is both a primer on estimation methods for assessing risk and return in private
equity and a survey of the empirical literature. Most private equity investments are made by …

Private Equity and Entrepreneurial Finance, volume 1 of the new series, Handbook of the
Economics of Corporate Finance, provides comprehensive and accessible updates of …

Daily‐priced real estate (DPRE) funds are designed to provide investors with daily liquidity
while investing in illiquid private assets. DPRE fund returns are predictable, allowing for a …

In this article, the authors define a comprehensive, rigorous and intuitive portfolio
construction framework that accounts for the key aspects of private equity investing in multi …

Performance regressions lever expected benchmark returns linearly to the risk exposures of
the fund. The interest rate (IR) risk premium, however, usually follows a decreasingly upward …