Does Fund Size Affect Private Equity Performance? Evidence from Donation Inflows to Private Universities
收藏NBER2025-03-01 更新2025-03-29 收录
下载链接：
https://www.nber.org/papers/w33596
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资源简介：
Do returns in private equity (PE) rise or fall with fund scale? This question is increasingly urgent amid larger funds and new focus on the retail market. Since better managers can raise larger funds, the causal effect is difficult to identify. We develop an instrument based on gifts to universities
提供机构：
美国国家经济研究局
创建时间：
2025-03-01
