NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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What Do Private Equity Firms Say They Do?

Paul Gompers, Steven N. Kaplan, Vladimir Mukharlyamov

NBER Working Paper No. 21133
Issued in April 2015

---- Acknowledgments ----

This research has been supported by the Division of Research at the Harvard Business School (Gompers) and the Fama-Miller Center (Kaplan). We thank Brad Cornell, Harry DeAngelo, David Robinson and seminar participants at the American Finance Association, Harvard Business School Accounting and Control workshop, Harvard Business School Finance workshop, Hebrew University, London Business School, Stanford, the University of North Carolina and the Wharton School for helpful comments. Gompers and Kaplan have consulted to private equity general partners and limited partners. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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