13. Private Equity Fund Selection: How to Find True Top-Quartile Performers

  1. Douglas Cumming
  1. Oliver F. Gottschalg

Published Online: 13 DEC 2011

DOI: 10.1002/9781118267011.ch13

Private Equity: Fund Types, Risks and Returns, and Regulation

Private Equity: Fund Types, Risks and Returns, and Regulation

How to Cite

Cumming, D. (2010) Private Equity Fund Selection: How to Find True Top-Quartile Performers, in Private Equity: Fund Types, Risks and Returns, and Regulation, John Wiley & Sons, Inc., Hoboken, NJ, USA. doi: 10.1002/9781118267011.ch13

Author Information

  1. Associate Professor, HEC School of Management

Publication History

  1. Published Online: 13 DEC 2011
  2. Published Print: 25 JAN 2010

ISBN Information

Print ISBN: 9780470499153

Online ISBN: 9781118267011

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Keywords:

  • private equity fund;
  • fund managers;
  • adverse selection issues;
  • institutional investors;
  • due diligence assessments

Summary

This chapter contains sections titled:

  • Introduction

  • Hypothesis Development

  • The Research Approach

  • Measurement and Operationalization

  • Which Factors Correlate with Future Performance?

  • Random Choice versus the Crystal Ball: An Approach to Measuring PE Fund Selection Efficiency

  • The Peracs Private Equity Selection Efficiency Measure™

  • The Selection Efficiency of Performance-Based Fund Selection Rules

  • Shortcomings of the Traditional Benchmarking Approach

  • Using and Interpreting the Right Public Market Benchmarks

  • Advanced Private Equity Benchmarking Based on Deal-Level Benchmarks

  • Quantitative Due Diligence Case Study: Advanced Private Equity Benchmarking

  • The Fund Selection Efficiency of Advanced Private Equity Benchmarking Techniques

  • Conclusion

  • Note

  • About the Author