to the model despite the significant nonlinearities that are absent in the economy with uninsurable labor income risk …. The model is capable of generating the average private equity premium of roughly 3 percent and a low risk-free rate. The … model also produces procyclicality of the risk-free rate and countercyclicality of the average private equity premium. The …

This article reviews empirical methods to assess risk and return in private equity. I discuss data and econometric … issues for deal-level, fund-level, and publicly traded partnerships data. Risk-adjusted return estimates vary substantially … the stock market, the average venture capital (VC) fund earned positive risk-adjusted returns before the turn of the …

This article reviews empirical methods to assess risk and return in private equity. I discuss data and econometric … issues for fund-level, deal-level, and publicly traded partnerships data. Risk-adjusted return estimates vary substantially … in the stock market, the average venture capital (VC) fund earned positive risk-adjusted returns before the turn of the …