Risk and Expected Returns of Private Equity Investments: Evidence Based on Market Prices
NBER Working Paper No. 15335
---- Acknowledgments ----
We thank Steven Kaplan, Per Stromberg, and seminar participants at Stern School of Business, New York University, and Cornell University. We gratefully acknowledge financial support from Inquire UK and Inquire Europe. All errors remain 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.