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Racial Diversity in Private Capital Fundraising

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NBER2022-09-01 更新2025-01-04 收录
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Black- and Hispanic-owned funds control a very modest share of assets in the private capital industry. We find that the sensitivity of follow-on fundraising to fund performance is greater for minority-owned groups, particularly for underperforming groups. We find little support for a number of

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2022-09-01
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