Private equity firms make money by investing in and building up businesses. This ranges from venture capitalists who provide funding to small companies and start-ups, to large buyout firms that invest in international companies and brands. Fundamentally, private equity is about value creation:...

The long-term nature of private equity investment enables fund managers to work with company leaders in driving transformational change within investee businesses, as well as within private equity houses themselves. In recent years, one key area of focus has been the establishment of responsible...

Private equity, the business of buying, building and selling companies for a profit, is still a relatively young asset class that is not widely understood. This article applies microeconomic analysis to explore what outcomes agents are hoping to achieve, what incentives are in place to foster...

Over the past half century, private equity has grown from a tiny part of the financial sector into a powerful industry, often controlling global brands. As the industry has grown, so too has academic interest in the sector. However, the vast majority of empirical research has focused on the...

Private equity is still a relatively young asset class, with some unique characteristics. One feature is the very irregular timing of cash flows, and a consequence of this is that private equity relies on measures of returns that are not standard in other asset classes. As such, new investors...

Private equity and venture capital are, by their very nature, long-term investments. As such, it takes years for investors to see the finalised return on their commitments. In light of this, measures of interim fund performance are largely dependent on fund managers' valuations of...