Private Equity Basics #13: The Truth is that History Shows “No Outperformance of Buyout Funds Vis-à-Vis their Public Market Equivalents”

Private Equity Basics #13: The Truth is that History Shows “No Outperformance of Buyout Funds Vis-à-Vis their Public Market Equivalents”

Brad Case, PhD, CFA, CAIA Brad Case, PhD, CFA, CAIA

Brad Case, PhD, CFA, CAIA

Chief Economist

Published Sep 22, 2020
+ Follow

“After adjusting for appropriate risks, we found no outperformance of buyout funds vis-à-vis their public market equivalents on a dollar-weighted basis.”

From Jean-François L’Her, Rossitsa Stoyanova, Kathryn Shaw, William Scott, and Charissa Lai, “A Bottom-Up Approach to the Risk-Adjusted Performance of the Buyout Fund Market,” Financial Analysts Journal 72(4):36-48, July 2016.

Comments and dialogue are welcome, especially if you know of additional high-quality empirical research!

Catherine Hicks, CAIA

Director, Institutional Sales, Regan Capital

3y

I didn’t realize you had left Nareit. I enjoyed your articles over the last few years from there and look forward to more of the same.

Like
Reply
Richard Ennis

Co-Founder of EnnisKnupp, Former Editor of Financial Analysts Journal, Author

3y

I found this to be a particularly good article. Good addition to your collection.

Like
Reply
1 Reaction
Brad Case, PhD, CFA, CAIA

Chief Economist

3y

John L Bowman, CFA Hossein Kazemi, PhD, CFA Sébastien Page Ludovic Phalippou Mitch Bollinger, CFA, CAIA Richard Ennis Jean-Francois L'Her Rossitsa Stoyanova Kathryn Shaw Charissa Lai William Scott

Like
Reply
See more comments

To view or add a comment, sign in

More articles by this author

See all

Insights from the community

Others also viewed

Explore topics