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Pay for Performance from Future Fund Flows: The Case of Private Equity

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NBER2010-09-01 更新2025-01-04 收录
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Lifetime incomes of private equity general partners are affected by their current funds' performance through both carried interest profit sharing provisions, and also by the effect of the current fund's performance on general partners' abilities to raise capital for future funds. We present a

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2010-09-01
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