The Investment Behavior of Buyout Funds: Theory and Evidence
NBER Working Paper No. 14180
---- Acknowledgements ----
We are grateful to an anonymous institutional investor for making data available for this study; to the Salomon Center at NYU Stern for generous financial assistance; and to UIf Axelson, Eric Green, Mike Wright, and participants in the New World of Private Equity Conference for many helpful comments. We thank Eric Stern for excellent research assistance. All errors are our own. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.