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Have Private Equity Returns Really Declined?

Gregory W. Brown & Steven N. Kaplan

The Journal of Private Equity2019https://doi.org/10.3905/jpe.2019.1.087article
ABDC C
Weight
0.64

What the paper says

Some research suggests that private equity returns relative to public market equivalents have declined. This analysis provides our perspective based on more recent data and performance measures. We show that returns in vintage years since the financial crisis have consistently been better than public market returns using a variety of benchmarks and adjustments, and better than returns from the 2006 to 2008 vintages. Consequently, the historical perspective is more positive than suggested by some other studies. <b>TOPICS:</b>Private equity, performance measurement, financial crises and financial market history, statistical methods

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https://doi.org/https://doi.org/10.3905/jpe.2019.1.087

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@article{gregory2019,
  title        = {{Have Private Equity Returns Really Declined?}},
  author       = {Gregory W. Brown & Steven N. Kaplan},
  journal      = {The Journal of Private Equity},
  year         = {2019},
  doi          = {https://doi.org/https://doi.org/10.3905/jpe.2019.1.087},
}

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Have Private Equity Returns Really Declined?

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Evidence weight

0.64

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.76 × 0.4 = 0.30
M · momentum0.73 × 0.15 = 0.11
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.