The paper focuses on the private equity industry in US and investigates the relationship between fund performance and fund characteristics of Venture Capital and Buy‐out Funds. We demonstrate that past fund performance is a good estimator for future performance of the same fund and we suggest the optimal size of the fund to maximize perfomance and the best investment range considering both fund size and “expertise” of the fund. A potential investor in the private equity industry should base its fund choice on the appropriate size range and sequence suggested in the paper
Private equity characteristics and performance: An analysis of North American venture capital and buyout funds / Giannozzi A., Roggi O., Baglioni T., Pagliai F.. - In: ECONOMIC NOTES. - ISSN 1468-0300. - STAMPA. - (2019), pp. 1-17.
Private equity characteristics and performance: An analysis of North American venture capital and buyout funds
Giannozzi A.
;Roggi O.;Baglioni T.;
2019
Abstract
The paper focuses on the private equity industry in US and investigates the relationship between fund performance and fund characteristics of Venture Capital and Buy‐out Funds. We demonstrate that past fund performance is a good estimator for future performance of the same fund and we suggest the optimal size of the fund to maximize perfomance and the best investment range considering both fund size and “expertise” of the fund. A potential investor in the private equity industry should base its fund choice on the appropriate size range and sequence suggested in the paper
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