London Business School Coller Institute of Private Equity

Research Library


Latest Papers

PRIVATE EQUITY AND VENTURE CAPITAL IN THE WAKE OF THE CRISIS

  • You need to login to add your own rating

    •  
    •  
    •  
    •  
    •  
  • Downloads: 261
  • Comments: 0

Paper presented by Josh Lerner at the 3rd Annual Private Equity Symposium

More


BORROW CHEAP, BUY HIGH?: THE DETERMINANTS OF LEVERAGE AND PRICING IN BUYOUTS

  • You need to login to add your own rating

    •  
    •  
    •  
    •  
    •  
  • Downloads: 31
  • Comments: 0

This paper provides an empirical analysis of the financial structure of large buyouts. We collect detailed information on the financing of 1157 worldwide private equity deals from 1980 to 2008.

More


UNSTABLE EQUITY: COMBINING BANKING WITH PRIVATE EQUITY INVESTING

  • You need to login to add your own rating

    •  
    •  
    •  
    •  
    •  
  • Downloads: 86
  • Comments: 0

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

More


WHY DO FIRMS USE PRIVATE EQUITY TO OPT OUT OF PUBLIC MARKETS

  • You need to login to add your own rating

    •  
    •  
    •  
    •  
    •  
  • Downloads: 26
  • Comments: 0

We investigate how firms weigh the costs and benefits of being public in the decision to opt out of the public market and go private. We draw on previous studies of going private and on the subseque...

More


RISK AND EXPECTED RETURNS OF PRIVATE EQUITY INVESTMENTS: EVIDENCE BASED ON MARKET PRICES

  • You need to login to add your own rating

    •  
    •  
    •  
    •  
    •  
  • Downloads: 32
  • Comments: 0

More


THE PRIVATE EQUITY ADVANTAGE: LEVERAGED BUYOUT FIRMS AND RELATIONSHIP BANKING

  • You need to login to add your own rating

    •  
    •  
    •  
    •  
    •  
  • Downloads: 14
  • Comments: 0

This paper examines the impact of leveraged buyout firms’ bank relationships on the terms of their syndicated loans. Using a sample of 1,590 loans financing private equity sponsored leveraged buyouts ...

More


HOW DO VENTURE CAPITAL PARTNERS MATCH WITH STARTUP FOUNDERS?

  • You need to login to add your own rating

    •  
    •  
    •  
    •  
    •  
  • Downloads: 7
  • Comments: 0

The venture capital market is characterized by personal interactions between VC firms and the startups they finance. Yet we have little systematic evidence of how startup founders get matched with p...

More


ENTREPRENEURIAL FINANCE MEETS ORGANISATIONAL REALITY: COMPARING INVESTMENT PRACTICES AND PERFORMANCE OF CORPORATES AND INDEPENDENT VENTURE CAPITALISTS

  • You need to login to add your own rating

    •  
    •  
    •  
    •  
    •  
  • Downloads: 1
  • Comments: 0

This paper investigates the effect of compensation of corporate personnel on their investment in new technologies. We focus on a specific corporate activity, namely corporate venture capital (CVC), de...

More


CORPORATE GOVERNANCE AND VALUE CREATION: EVIDENCE FROM PRIVATE EQUITY

  • You need to login to add your own rating

    •  
    •  
    •  
    •  
    •  
  • Downloads: 27
  • Comments: 0

We examine deal-level data from 110 private equity transactions in Western Europe initiated by mature private equity houses during the period 1995 to 2005. We un-lever the deal-level equity return and...

More


INCENTIVES OF PRIVATE EQUITY GENERAL PARTNERS FROM FUTURE FUNDRAISING

  • You need to login to add your own rating

    •  
    •  
    •  
    •  
    •  
  • Downloads: 24
  • Comments: 0

Incentives from the explicit fee structure (“two and twenty”) of private equity funds understate the actual incentives facing private equity general partners because they ignore the rewards stemming...

More

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

More

GLOBAL PRIVATE EQUITY REPORT 2011

by Bain & Co

More

PERFORMANCE PERSISTENCE IN PRIVATE EQUITY FUNDS

by Chung J-W

More

THE PERFORMANCE OF PRIVATE EQUITY

by Higson C, Stucke R

More

PRIVATE EQUITY AND VENTURE CAPITAL IN THE WAKE OF THE CRISIS

by Lerner J

More

Featured Papers

THE DISINTERMEDIATION OF FINANCIAL MARKETS: DIRECT INVESTING IN PRIVATE EQUITY

THE DISINTERMEDIATION OF FINANCIAL MARKETS: DIRECT INVESTING IN PRIVATE EQUITY

Abstract: One of the important issues in corporate finance is the rationale for and role of financial intermediaries. In the private equity setting, institutional investors are increasingly eschewi...

More

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...

More
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...

More
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...

More
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...

More
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...

More
Performance Persistence in Private Equity Funds

PERFORMANCE PERSISTENCE IN PRIVATE EQUITY FUNDS

Winner of Coller Prize PhD category in 2010.

More
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...

More
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...

More

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...

More
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.

More

Submit A Paper

If you have a paper that you like posted on our website then please complete the following details. We will contact you to inform you of our decision to include it on our site as soon as possible.


Please supply a short summary of your paper