Private Benchmarking for Private Equity Funds

被引：0

作者：

Tausch, Christian ^{[1
]}

Rieder, Markus J. ^{[1
]}

Abel, Philipp ^{[2
]}

机构：

[1] AssetMetrix, Munich, Germany

[2] PricewaterhouseCoopers, Assurance, Munich, Germany

来源：

JOURNAL OF ALTERNATIVE INVESTMENTS | 2023年 / 26卷 / 01期

关键词：

PERFORMANCE;

D O I：

暂无

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Private equity (PE) funds, or more broadly private capital funds, can be benchmarked against public or private alternatives. Academic literature usually focuses exclusively on the public side. In this article, the authors investigate more-rigorous private peer group benchmarking methods beyond traditional "quartile ranking." They focus mainly on both statistical and deterministic models for (1) peer group data enhancement, (2) handling very small peer groups, (3) simulation-based portfolio aggregation, and (4) the notion of maximum diversified private benchmarks. Ultimately, they discuss obtaining more-meaningful private benchmarks for a private capital portfolio.

引用

页码：96 / 111

页数：16

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