Category: Valuation
03/09/13
02:59:10 pm, by editor of MarketObservation.com 
, 361 words 
Categories: Valuation, Statistics, Market Characteristics
no surprise that specific situations have an impact on the valuation of portfolio companies during the holding period. What matters at the end is net cash in after the liquidation of a fund. In this respect, the cash returns of the top players are attrac… more »
12/08/12
10:55:47 am, by editor of MarketObservation.com , 195 words
Categories: Deals, Valuation, Statistics, Performance Measurement, Corporate Governance, Market Characteristics
The answer seems to be clearly No, as a new study shows:Bargeron, Leonce, Schlingemann, Frederik P., Zutter, Chad J. and Stulz, Rene M., Does Target CEO Retention in Acquisitions Involving Private Equity Acquirers Harm Target Shareholders? (December… more »
10/11/12
06:46:04 am, by editor of MarketObservation.com , 186 words
Categories: Deals, Valuation, Statistics, Performance Measurement, Various Market Info, Asia
Fang, Lily H., Ivashina, Victoria and Lerner, Josh, The Disintermediation of Financial Markets: Direct Investing in Private Equity (October 9, 2012). Available at SSRN: http://ssrn.com/abstract=2159229Abstract: "One of the important issues i… more »
07/10/12
11:51:35 am, by editor of MarketObservation.com , 282 words
Categories: Deals, Valuation, Market Characteristics
Fidrmuc, Jana P., Roosenboom, Peter, Paap, Richard and Teunissen, Tim, One Size Does Not Fit All: Selling Firms to Private Equity Versus Strategic Acquirers (May 15, 2012). Journal of Corporate Finance, Forthcoming. Available at SSRN: http://ssrn.com/abs… more »
05/28/12
08:51:52 am, by editor of MarketObservation.com , 133 words
Categories: Valuation, Statistics, Performance Measurement, Entrepreneurship/Leadership/Innovation
Grilli, Luca and Murtinu, Samuele, Government, Venture Capital and the Growth of European High-Tech Start-Ups: A Firm-Level Panel Data Analysis (May 25, 2012). Available at SSRN: http://ssrn.com/abstract=2066867Abstract: "Using an European Union… more »
05/18/12
Source: New York Times more »
08:02:37 am, by editor of MarketObservation.com , 159 words
Categories: Valuation, Performance Measurement, Various Market Info, Market Characteristics
A latest Kauffman Foundation publication stating that VC funds were not able to deliver the superior returns as many might have expected, created a lot of heat in the VC scene. Here is one of the responses to the publication:Good money after bad:… more »
05/16/12
06:04:05 am, by admin , 148 words
Categories: Valuation, Statistics, Performance Measurement, Regulation
Cumming, Douglas J. and Zambelli, Simona, Private Equity Performance Under Extreme Regulation (March 30, 2012). Journal of Banking and Finance, 2012, Forthcoming. Available at SSRN: http://ssrn.com/abstract=2056786
Abstract:
"This study inves… more »
05/13/12
08:17:02 am, by editor of MarketObservation.com , 172 words
Categories: Valuation, Statistics, Investment Strategy, Various Market Info, Market Characteristics
Kauffman Foundatiôn: After Fees and Expenses, Most Investors Will Do Better in Public Markets, May 7, 2012A compelling new report out today from the Ewing Marion Kauffman Foundation describes how most institutional investors, including larger state… more »
04/09/12
06:59:02 pm, by editor of MarketObservation.com , 45 words
Categories: Valuation, Statistics, Performance Measurement, Market Characteristics
The "broad buy out market" outperforms the corresponding public equity benchmark (MSCI regional index), according to Partnersgroup. Key is to select the best performing private equity partnerships. Source: PartnersgroupKeywords: Private Equit… more »
03/09/12
09:13:46 am, by editor of MarketObservation.com , 22 words
Categories: Valuation, Statistics, Performance Measurement
Moszoro, Marian, The Math of Private Equity: 2/20, 3-on-5, and 1-in-8 (March 7, 2012). Available at SSRN: http://ssrn.com/abstract=2017764
Keywords: Private Equity, Math of Private Equity more »
03/03/12
07:44:00 am, by editor of MarketObservation.com , 122 words
Categories: Deals, Valuation, Performance Measurement, Market Characteristics, Regulation
Achleitner, Ann-Kristin and Figge, Christian, Private Equity Lemons? Evidence on Value Creation in Secondary Buyouts (January 12, 2012). European Financial Management, Forthcoming. Available at SSRN: http://ssrn.com/abstract=1983909
Abstract:
"This… more »
02/22/12
06:45:16 am, by editor of MarketObservation.com , 137 words
Categories: Deals, Valuation, Statistics, Performance Measurement, Market Characteristics
Higson, Chris and Stucke, Rüdiger, The Performance of Private Equity (February 16, 2012). Available at SSRN: http://ssrn.com/abstract=2009067
Abstract:
"We present conclusive evidence on the performance of private equity, using a high quality datas… more »
02/09/12
11:53:00 am, by editor of MarketObservation.com , 17 words
Categories: Deals, Valuation, Statistics, Market Structure
PE Hub: European Buyout Market in 2011: A Slideshow of Highlights, Feb. 9, 2012Keywords: Private Equity, LBO, Buy Out more »
01/22/12
09:24:04 am, by editor of MarketObservation.com , 42 words
Categories: Deals, Valuation, Investment Strategy, Corporate Governance, Market Characteristics
Aswath Damodaran: Private Equity: Hero or Villain? Jan. 14, 2012Aswath Damodaran looks at 4 elements when assessing the impact of active investors:1) Asset deployment and aperating performance2) Capital Structure3) Dividend Policy4… more »
12/19/11
08:54:00 am, by editor of MarketObservation.com , 224 words
Categories: Valuation, Performance Measurement, Fund of Funds, Market Characteristics
Barber, Brad M. and Wang, Guojun, Do (Some) University Endowments Earn Alpha? (October 10, 2011)
Abstract:
"Using data from 1991 to 2010, we analyze the returns earned by educational endowments using simple style attribution models pioneered by Sha… more »
10/19/11
Find here more evidence that LBO firms in the mid market space tend to add operational firm value:
Kaserer, Christoph, Return Attribution in Mid-Market Buy-Out Transactions – New Evidence from Europe (October 19, 2011). Available at SSRN: http://ssrn.… more »
10/12/11
09:30:55 am, by editor of MarketObservation.com, 152 words
Categories: Valuation, Investment Strategy, Corporate Governance, Entrepreneurship/Leadership/Innovation
In contrary to wide-spread believes we support the thesis that successful entrepreneurs work extremely diligently and try to reduce risks. They are well aware that an enterprise has various stakeholders whose interests have to be respected. Murmann,… more »
09/23/11
09:35:53 pm, by editor of MarketObservation.com , 272 words
Categories: Deals, Valuation, Performance Measurement
Harris, Robert S., Jenkinson, Tim and Kaplan, Steven N., Private Equity Performance: What Do We Know? (September 22, 2011). Available at SSRN: http://ssrn.com/abstract=
Abstract:
"We present time series evidence on the performance of private equity… more »
09/22/11
10:17:56 am, by editor of MarketObservation.com, 299 words
Categories: Valuation, Performance Measurement, Market Characteristics
New paper about cyclicality and performance in private equity. Researchers find evidence for a positive correlation between private equity net cash flows and public equity valuations.
Robinson, David T. and Sensoy, Berk A., Cyclicality, Performance M… more »
XML Feeds
_________________________________________________________________________________
PRIVATE EQUITY NEWS:
ENTREPRENEUR'S BLOGS:
- Marc Andreessen's Blog (Founder Netscape Communications)
- Richard Branson's Blog
- The Enterprise Network (a Network of Silicon Valley Entrepreneurs)
- Feld Thoughts (from Brad Feld, Founder of Feld Technologies)
- Jonathan's Blog (Jonathan Schwartz, Sun Microsystems)
- Seth Goding (Author and Entrepreneur)
- Lee Hower (Part of the founding Team of LinkedIn
- Ryan McIntyre (Co-Founder Excite)
- Peter Rip (General Partner Crosslink Ventures)
- Peter Schüpbach NewBorn Blog
_________________________________________________________________________________FOUNDER HIGHLIGHTS AND FOUNDER FRUSTRA- TIONS:
VARIOUS LINKS:
- Altassets
- Angel's Corner
- Blogging Buy outs (AOL Money)
- China Venture News
- CMBOR Nottingham Univ.
- Fractals of Change
- From Wall Street to Main Street (Private Equity Blog of Congressman Tom Reynolds
- Innovations-Report
- PrivateEquityBlogger.com
- PrivateEquityFirms.com
- LPX-Private Equity Research
- Private Equity Intelligence
- Private Equity Week
- PWC Money Tree
- Silicon Valley News
- Silicon Valley Watcher
- Standard&Poors (LBO Debt)
- TechConfidential
- TechCrunch
- The Funded (Experiences with VC's)
- Think Equity Blog (Silicon Valley)
- Valleywag (Tech Gossip)
- VCCircle (India)
- Venture Capital Magazin (Germany)
- Venture Economics
_______________________________________________________________________________DEAL RUMORS/DEALS:
ASSOC./INSTITUTES:
- Asian VC Journal
- BVCA (UK)
- Private Equity Guide (Emory Univ.)
- European Corp. Gov. Institute
- EVCA (Europe)
- IVA (Israel)
- NVCA(USA)
- NVCA(India)
- Private Equity Valuation
- Private Equity Council (Washington DC)
- SECA (Switzerland)
- Yale Entrepreneurial Society
PRIVATE EQUITY STATISTICS:
- Dow Jones: Venture Capital Statistics
- Emory Univ: Private Equity Institute (incl. comprehensive Statistics Links)
- Venture Capital and Private Equity Industry (Baker Library Harvard)
_________________________________________________________________________________INTEREST RATES:
_________________________________________________________________________________WORKING PAPERS PRIVATE EQUITY AND VENTURE CAPITAL:
_________________________________________________________________________________DIRECTORIES:
