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The Cash Flow, Return and Risk Characteristics of Private Equity

Ljungqvist, Alexander et al.
NYU Faculty Digital Archive · Papers
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multidisciplinary
Using a unique dataset of private equity funds over the last two decades, this paper analyzes the cash flow, return, and risk characteristics of private equity. Unlike previous studies, we have detailed cash flow data for each fund, rather than aggregate or accounting returns. We also know the exact
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