Financial Intermediation in Private Equity: How Well Do Funds of Funds Perform?
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This paper focuses on funds of funds (FOFs) as a form of financial intermediation in private equity (both buyout and venture capital). After accounting for fees, FOFs provide returns equal to or above public market indices for both buyout and venture capital. While FOFs focusing on buyouts
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美国国家经济研究局创建时间：
2017-05-01
