Performance of the Private Equity industry during depressed Macroeconomic conditions
Name
ginolhac-gaspard9-msms-sloan-2024-thesis.pdf
Description
Thesis PDF
Size
2.82 MB
Format
Adobe PDF
Checksum (MD5)
12fc5ae6b9bbabd17ba115d7de4c214a
Author(s)
Ginolhac, Gaspard
Advisor(s)
Palmer, Christopher
Date Issued
May 2024
Publisher
Massachusetts Institute of Technology
Abstract
This thesis aims to understand the performance of private equity funds during economic crises and unfavorable macroeconomic conditions. To introduce the topic, I first review how private equity funds create value and how we can assess the performance of this industry. Then, I focus my analysis on the behavior of the industry during past economic crises to draw similarities with the current situation. Finally, using a large sample of private equity funds I do my own assessment of the performance of the industry and dig into what makes PE funds successful.
MIT Department
Sloan School of Management
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