London Business School Coller Institute of Private Equity

Research Library


Latest Papers

DO BUYOUTS (STILL) CREATE VALUE?

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  • Downloads: 9
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We examine whether, and how, leveraged buyouts from the most recent wave of public to private transactions created value.

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DO PRIVATE EQUITY OWNED FIRMS HAVE BETTER MANAGEMENT PRACTICES?

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  • Downloads: 6
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The authors use an innovative survey tool to collect management practice data from over 4,000 medium sized manufacturing firms across Asia, Europe and the US. These measures of managerial practice ar...

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THE INVESTMENT STRATEGIES OF SOVEREIGN WEALTH FUNDS

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  • Downloads: 2
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Paper finds that SWFs vary substantially depending on whether they have external managers or politicians driving their investment decisions. SWFs swing between domestic and foreign markets depending o...

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NETWORKING AS A BARRIER TO ENTRY AND COMPETITIVE SUPPLY OF VENTURE CAPITAL

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The authors examine whether strong networks among incumbent venture capitalists in local markets help restrict entry by outside VCs, thus improving incumbents' bargaining power over entrepreneurs. Mor...

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PRIVATE EQUITY: WHERE HAS IT BEEN, WHERE IS IT GOING?

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  • Downloads: 34
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Steven Kaplan, University of Chicago Booth School of Business was a keynote speaker at the Coller Institute's second Private Equity Symposium in June 2009. Kaplan identified financial, governance and ...

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THE INVESTMENT BEHAVIOUR OF BUYOUT FUNDS: THEORY AND EVIDENCE

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  • Downloads: 17
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We analyze the determinants of buyout funds’ investment decisions. We argue that when the supply of capital is ‘sticky’ in the short run, the timing of funds’ investment decisions, their risk-taking b...

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PRIVATE EQUITY, BUYOUTS, LEVERAGE AND FAILURE

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  • Downloads: 23
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We study the determinants of failure, defined as entering the bankruptcy process, in a unique dataset comprising the population of over 8 million private firms in the UK over the period 1995-2008, o...

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THE ROLE OF PRIVATE EQUITY GROUP REPUTATION IN LBO FINANCING

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  • Downloads: 12
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This paper investigates whether the reputation of acquiring private equity groups (PEGs) is related to the financing structure of leveraged buyouts (LBOs).

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SOVEREIGN WEALTH FUNDS: THEIR INVESTMENT STRATEGIES AND PERFORMANCE

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  • Downloads: 29
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Sovereign wealth funds have emerged as an important investor of global equity, attracting growing attention. Despite frequently voiced concerns that sovereign wealth fund investments serve political o...

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REALZA CAPITAL - A CASE STUDY IN STARTING A FUND

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  • Downloads: 176
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This case study covers several pedagogical topics that are both general and specific to setting up a first time fund and cleverly gives students different perspectives, first as the prospective GP an...

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How to optimise your Search

We have provided three types of search in addition to one that that looks for any information on the site (this may need to be changed in view of my first comment)

For information on private equity held on the website such as academic papers and presentations from events please use the "Coller Institute Papers". We expect this library to grow over time.

For information on private equity held externally please use either "Unfiltered web search" or "Recommended Sites". Please remember to include the words private equity in keywords if you select the former. if you have sites you'd like us to add to recommended sites then please contact us.

Top 5 Downloaded Papers

INTERNATIONAL PRIVATE EQUITY: A CASE STUDY TEXTBOOK

by Talmor E, Vasvari F

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GLOBAL PRIVATE EQUITY REPORT 2011

by Bain & Co

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PERFORMANCE PERSISTENCE IN PRIVATE EQUITY FUNDS

by Chung J-W

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THE PERFORMANCE OF PRIVATE EQUITY

by Higson C, Stucke R

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PRIVATE EQUITY AND VENTURE CAPITAL IN THE WAKE OF THE CRISIS

by Lerner J

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Featured Papers

INVESTOR HORIZON AND INNOVATION - EVIDENCE FROM PRIVATE EQUITY FUNDS

Abstract Investments exploring new ideas typically take more time to payo than investments exploiting existing ones. Hence, investors with a short horizon may be tilted towards the latter. I conside...

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GLOBAL PRIVATE EQUITY REPORT 2011

GLOBAL PRIVATE EQUITY REPORT 2011

This report provides an excellent review of the past year (2010) and where the focus will be in 2011 for both GPs and LPs. It also makes several references to academic studies highlighting the impac...

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Catalysing Systemic Change: The Role of Venture Philanthropy

CATALYSING SYSTEMIC CHANGE: THE ROLE OF VENTURE PHILANTHROPY

Undertaken on behalf of Impetus Trust, this paper looks into the role venture philanthropy can play in catalysing systemic change in relation to pressing social issues such as reducing reoffending rat...

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How Regulators Could Help Private Equity

HOW REGULATORS COULD HELP PRIVATE EQUITY

This paper does not advocate more regulation but better regulation; where prevention of systemmic risk and the promotion of market efficiency have equal focus. The authors suggest regulations propose...

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Your Former Employees Matter: Private Equity Firms and Their Financial Advisors

COLLER PRIZE PRESENTATION - YOUR FORMER EMPLOYEES MATTER: PRIVATE EQUITY FIRMS AND THEIR FINANCIAL ADVISORS

By using a unique data set, Linus Siming studies how social networks formed by former employment relationships affect private equity firms’ choice of financial adviser. This paper provides new evi...

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Performance Persistence in Private Equity Funds

PERFORMANCE PERSISTENCE IN PRIVATE EQUITY FUNDS

Winner of Coller Prize PhD category in 2010.

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Blurring Firm Boundaries: The Role of Venture Capital in Strategic Alliances

BLURRING FIRM BOUNDARIES: THE ROLE OF VENTURE CAPITAL IN STRATEGIC ALLIANCES

This study documents a new value-added service provided by venture capitalists and addresses important questions about how resources are combined to create firms. As part of the nexus of contracts s...

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Financial reporting and conflicting managerial incentives: The case of management buyouts

FINANCIAL REPORTING AND CONFLICTING MANAGERIAL INCENTIVES: THE CASE OF MANAGEMENT BUYOUTS

We analyze the effect of external financing concerns on managers’ financial reporting behavior prior to management buyouts (MBOs). Prior studies hypothesize that managers intending to undertake an M...

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RISK AND RETURN CHARACTERISTICS OF ENTREPRENEURIAL COMPANIES

Valuations of entrepreneurial companies are only observed occasionally, albeit more frequently for well-performing companies. Consequently, estimators of risk and return must correct for sample sele...

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An Unfair Advantage: Combining Banking with Private Equity Investing

UNSTABLE EQUITY: COMBINING BANKING WITH PRIVATE EQUITY INVESTING

We explore the phenomenon and economics of private equity investments by bank-affiliated groups.

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