General partners (GPs) in private equity (PE) report the performance of an existing fund while raising capital for a follow-on fund. Interim performance has large effects on fundraising outcomes; the impact is greatest when backed by exits and for low reputation GPs. Faced with these incentives,...

In the aftermath of Brexit, the European alternative investment fund industry is confronted with legal uncertainty regarding the post-Brexit relationship between market participants in the EU and the UK. The aim of this article is to shed light on the potential implications of Brexit on AIFMs...

How do private equity firms decide on a fair price for a business? Drawing on 76 semi- structured interviews, this article contributes to the sociology of finance and valuation studies by showing that pricing companies is not just a valuation operation but also a capital- repartition issue. In...