When Eric Clement graduated from the University of Oxford Said Business School executive MBA program on his 37th birthday, he was searching for the new Eldorado: jobs in the high-octane private equity industry. These were simply the most sought-after jobs out there – pay was high! The...

"We develop a new GMM-style methodology with good small-sample properties to assess the abnormal performance and risk exposure of a non-traded asset from a cross-section of cash flow data. We apply this method to a sample of 958 mature private equity funds spanning 24 years. Our methodology uses...

Currently, there is a widespread and strong demand for courses covering private equity funds. This pressure is understandable given that most students in business schools are seeking jobs in the private equity industry, and plenty of students in other fields also want to join. Private equity...

We introduce a methodology to estimate the historical time-series of returns to investment in private equity funds. The approach requires only an unbalanced panel of cash contributions and distributions accruing to limited partners, and is robust to sparse data. We decompose private equity...

We introduce a methodology to estimate the historical time series of returns to investment in private equity. The approach requires only an unbalanced panel of cash contributions and distributions accruing to limited partners, and is robust to sparse data. We decompose private equity returns...