Advertisement

© 2007

Portfolio Strategies of Private Equity Firms

Theory and Evidence

  • Authors
Book

About this book

Introduction

Driven by the convergence of international financial public markets, investors around the globe are searching for alternative asset classes which enable diversification of their portfolios while earning attractive returns. Private equity, denominating equity investments in privately held companies, promises to meet both criteria. As a result, over the last three decades, private equity has become an important ingredient in the portfolios of institutional investors, such as banks, insurance companies, and pension funds.

Ulrich Lossen explores the choice of portfolio strategies by private equity firms and the impact of this choice on funds’ performance. Therefore, he applies advanced econometric methods to a unique data set of private equity funds. In a first step, he analyzes the influence of external factors on the choice of private equity firms to diversify their portfolios across different dimensions, such as financing stages, industries, and geographic regions. Then, he examines the impact of such diversification on private equity funds’ performance. The findings can help investors and private equity managers in making proper investment decisions.

Keywords

Buyout Diversifikation Empirie Financing Funds Investment Performance Portfolio Strategies Private Equity Venture Capital strategy

About the authors

Dr. Ulrich Lossen promovierte bei Prof. Dietmar Harhoff, Ph.D. am Institut für Innovationsforschung, Technologiemanagement und Entrepreneurship der Universität München. Er ist Projektleiter für Unternehmensentwicklung der Leoni Kabel Holding GmbH & Co. KG, Roth.

Bibliographic information

  • Book Title Portfolio Strategies of Private Equity Firms
  • Book Subtitle Theory and Evidence
  • Authors Ulrich Lossen
  • DOI https://doi.org/10.1007/978-3-8350-9428-4
  • Copyright Information Deutscher Universitäts-Verlag | GWV Fachverlage GmbH, Wiesbaden 2007
  • Publisher Name DUV
  • eBook Packages Business and Economics Economics and Finance (R0)
  • Softcover ISBN 978-3-8350-0577-8
  • eBook ISBN 978-3-8350-9428-4
  • Edition Number 1
  • Number of Pages XVII, 177
  • Number of Illustrations 0 b/w illustrations, 0 illustrations in colour
  • Topics Public Economics
    Finance, general
  • Buy this book on publisher's site
Industry Sectors
Engineering
Finance, Business & Banking