"While many books have been written on private equity, they tend to focus on the exciting aspects of this market -- deals, their structures, the personalities involved, statistics on stellar successes and the occasional spectacular flop. For a long time, due diligence and selection was seen to...

Private equity has become a substantial force in the European financial system. This paper describes some of the recent developments and looks at the structural relationship between private equity investments and economic growth. The econometric analysis of a set of panel data from 20 European...