In late 2017, DuraTable received a number of unsolicited inquiries regarding its interest in selling out in a going private transaction, mostly from private equity firms. Since the chairman of the board and founder, Gary Reynolds, was approaching retirement age and the largest single shareholder...

"This paper analyzes the determinants of buyout funds' investment decisions. In a model in which the supply of capital is "sticky" in the short run, we link the timing of funds' investment decisions, their risk-taking behavior, and the returns they subsequently earn on their buyouts to changes...

The main purpose of this paper is to empirically analyze the characteristics of infrastructure projects which have private equity investments in them. A comprehensive sample of 2821 infrastructure projects (worth US$1.4 trillion) globally from 1990 till 2009 has been examined in this paper....

Family ownership, private equity funds and financial performance Is there a family equity premium in LBO transactions?" "Do family firms develop better performance after a LBO transaction than non-family firms or subsidiaries of public companies? This article explores the relationships between...

A popular focus of research in the area of private equity (PE) portfolio management has been the quest for successful ex-ante identification of individual private equity funds (or “manager selection” within a portfolio). Outside of that, much of the existing research has mainly focused on...

We conduct a study dedicated principally to older leveraged buyout funds that have had the opportunity for multiple portfolio company liquidations, or have been fully liquidated. Examining 186 funds in the vintage years from 2000 to 2007 with complete cash flow data from the Preqin database, we...

The present article seeks to analyze the legacy and its persistence over time in terms of financing and operational policies and financial performance, of companies invested by Private Equity and Venture Capital funds (PE/VC). The PE/VC industry is characterized by the function of identifying...

This paper provides a new investment methodology for private equity portfolios that applies principles of investment management used in traditional asset classes. We apply Modern Portfolio Theory (MPT) with rational selection of portfolios that are on the efficient frontier of risk-reward...

This paper explores whether private equity firms that are new to the industry take excessive risks relative to funds from established firms. We use differences between the implicit incentives of managers of experienced and of novice funds as identification strategy. We find that novice funds...