Tag Archives: Private Equity

Private Equity, Productivity, and Inequality

Sorry for the light posting – I have been traveling for job interviews. Here’s an interesting paper that I heard about recently. It shows that  private equity buyouts bring productivity improvements and lower payrolls on average. Here is the full … Continue reading

Posted in Uncategorized | Tagged , , , | Leave a comment

How Similar are Public and Private Equity Returns?

Tobias Moskowitz and Annette Vissing-Jorgensen have an AER paper that I recently came across that compares public and private equity returns.  They find that on average private equity returns are no higher than public equity returns despite liquidity differences. They … Continue reading

Posted in Uncategorized | Tagged , , , , , , , | Leave a comment

Surowiecki on PE

James Surowiecki on private equity is worth reading. While I largely agree with him, there is substantial variation in the degree to which private equity firms rely on the zero sum value extraction/financial engineering that he describes to drive returns. … Continue reading

Posted in Uncategorized | Tagged , , | Leave a comment