Be the first to like this
This document shows 29 independent academic studies of the investment performance of private equity funds since the seminal 2005 study by Kaplan & Schoar. Each entry quotes from the most important findings, and links to an available online version of the paper.
Overall there is very clear evidence that venture capital funds have performed miserably since the late 1990s, but the evidence on buyout funds is mixed.
Very active research continues on questions such as (1) why private equity investment managers perform so poorly, (2) why investors continue to commit capital to such poorly performing investments, and (3) how large are the liquidity risks of private equity.