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Braun, Reiner [Author] ; Dorau, Nils [Other]; Jenkinson, Tim [Other]; Urban, Daniel [Other]

Whom to follow

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  • Media type: E-Book
  • Title: Whom to follow : Individual Manager Performance and Persistence in Private Equity Investments
  • Contributor: Braun, Reiner [Author]; Dorau, Nils [Other]; Jenkinson, Tim [Other]; Urban, Daniel [Other]
  • imprint: [S.l.]: SSRN, [2019]
  • Extent: 1 Online-Ressource (31 p)
  • Language: English
  • DOI: 10.2139/ssrn.3475460
  • Identifier:
  • Keywords: Private equity ; performance persistence ; value added ; skill ; scale
  • Origination:
  • Footnote: Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 25, 2019 erstellt
  • Description: Using a sample of 3,977 individual buyout managers with more than 10,330 deal involvements in 5,030 unique buyout transactions we investigate individual manager performance and its persistence. We find evidence for deal-level gross PME performance persistence at this level of analysis. In explaining the cross-section of deal returns, the individual is around four times more important than the PE organization. Interestingly, none of the typical human capital variables (age, gender, MBA, PE tenure) has explanatory power in the cross-section of deal returns
  • Access State: Open Access