While PE data is subject to time-lag and still US-centric, twenty years of data provide grounds for a thorough analysis of private equity funds (PEF) performances. To do so, we model gross returns for US and EMEA PEFs. We benchmark returns with total market indexes (TMI) using the PME method...

Dealing with a recurring low level of data quality in private equity, we propose a novel approach of understanding the behavior of private equity funds (PEFs): we use PEFs' illiquidity as a factor of analysis. To do so, we measure the distance between PEF cash-flows (“J-Curves”) and return...

Cover -- Title Page -- Copyright -- Contents -- Foreword -- Acknowledgments -- About the Authors -- Data Sources -- Abbreviations and Acronyms -- Chapter 1 Sources of Capital: Nature, Constraints, and Objectives -- 1.1 Behavioral Biases and Their Consequences -- 1.1.1 Behavioral Biases in the...