Private equity can be defined as any non-public equity investments in private or public firms (Fenn, Liang and Prowse 1998, p. 2). Following the definition submitted by Thomson Venture Economics, the term private equity comprises all types of venture investing, buyout and mezzanine investing (EVCA 2004: p. 27). Depending on the stage of investment, private equity is commonly split into venture capital and buyouts.
KeywordsVenture Capital Private Equity Asset Class Venture Capital Firm Portfolio Company
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