In this chapter, I test LP performance hypotheses. The chapter is organized in two parts. In part one, section 6.1, I first present average returns from PE fund investments by LP type, location, time period and fund type (section 6.1.1). I then probe hypotheses regarding the performance of US (section 6.1.2), as well as global LPs (6.1.3). This research also investigates the role of experience and LP size, in addition to important timing effects.
KeywordsPension Fund Robustness Test Fund Return External Advisor Portfolio Company
Unable to display preview. Download preview PDF.