Taking ventures public is the most rewarding exit alternative to venture capitalists (VCs) in terms of financial returns and reputational gains. However, in recent years, special purpose acquisition vehicles (SPACs) have served to bring companies public without the delay of an IPO process and...

Equity crowdfunding (CF) emerged as a new financing source for entrepreneurs and competes with early-stage financing professionals, e.g., venture capital (VC) investors. Entrepreneurs need to decide from who to raise capital and we develop a theory on this financing choice. We model two...

We calculate composite indices to compare the attractiveness of 27 European countries for institutional investments into the Venture Capital and Private Equity asset class. To achieve this we use 42 different parameters, and propose an aggregation structure that allows for benchmarking on more...

Institutional investors will often consider international real estate investment as a response to a limited opportunity set at home. Each investable real estate market has different characteristics that require analysis and validation. Some markets have better conditions and prospects than...

We contribute to the question of why some countries are more attractive for foreign direct investment (FDI) than others by constructing a composite measure that describes a host country's attractiveness for receiving FDI. This index considers all identified major, measurable and, for our scope,...

This paper measures the risk-adjusted performance of US buyouts. It draws on a unique and proprietary set of data on 133 US buyouts between 1984 and 2004. For each of them we determine a public market equivalent that matches it with respect to its timing and its systematic risk. After a...

We calculate composite indices to compare the attractiveness of 27 European countries for institutional investments into the Venture Capital and Private Equity asset class. To achieve this we use 42 different parameters, and propose an aggregation structure that allows for benchmarking on more...