In this article, the authors find that a typical application of volatility-timing strategies to the
stock market suffers from look-ahead bias, despite existing evidence on the success of the …

The growing interest in private equity means that allocators must carefully evaluate its risk
and return. The challenge is that modeling private equity is not straightforward, due to a lack …

We examine the effect of ASC 820 (formerly SFAS 157) on valuations reported by US private
equity funds to their investors. In 2008, the FASB implemented ASC 820 to achieve more …

Fully revised and updated to reflect changes in the private equity sector Building on and
refining the content of previous editions, Introduction to Private Equity, Debt and Real …

Using proprietary valuations from a large sample of international private equity managers,
we examine how the use of fair value accounting improves the valuation of private …

This study examines corporate pension funds' search for yield through investments in private
equity (PE). Using pension asset allocation data from 10‐K filings, we find that corporate …

In this article, the authors propose a risk estimation model that addresses both smoothness
and idiosyncratic risk dynamics of narrow private equity portfolio returns. The authors …

We study whether the availability of public financial statements influences the probability of
private equity (PE) and venture capital (VC) investment in private firms. Extant research on …

We compared the interim and final realized internal rate of return for liquidated buyout funds
(238) and venture capital funds (233) in the US from 1985 to 2019. The results revealed that …

For more than 30 years, endowments have committed ever-increasing allocations to private
equity, venture capital, and private real estate—all based on expectations of returns superior …