The Private Equity Growth Capital Council features leading research on issues related to private equity. PEGCC White Papers are also posted to the site.

Contact us if you would like your materials included in this list.

What is Private Equity?

• Geographic Dispersion of Private Equity Investment in 2011 (2012)
• (NEW) PEGCC Q1 Private Equity Index and Industry Update (2013)
• Private Equity by the Numbers (2012)
• Leveraged Buyouts and Private Equity Kaplan and Strömberg (2008)

Private Equity Drives Growth

• Private Equity and Industry Performance Bernstein et al. (2010)
• The Global Impact of Private Equity Report 2010 World Economic Forum (2010)
• Equity Capital in Emerging Domestic Markets and its Critical Role in Driving Growth in the Broader U.S. Economy National Association of Investment Companies and Boston Consulting Group ( 2009)
• On the Real Effects of Private Equity Investment: Evidence from New Business Creation Popov and Roosenboom (2009)
• The Global Economic Impact of Private Equity Report 2009 World Economic Forum (2009)
• The Competitive Impact of Global Private Equity: Creative Destruction and Innovation Mathis (2008)

Private Equity Creates Value

• Asset Sales and the Role of Buyers: Strategic Buyers versus Private Equity Hege et al. (2012)
• Corporate Governance and Value Creation: Evidence from Private Equity Archarya et al. (2011)
• How do Private Equity Investors Create Value? Ernst & Young (2010)
• Evidence on How Private Equity Sponsors Add Value From a Comprehensive Sample of Large Buyouts and Exit Outcomes Harford and Kolasinki (2010)
• Value Creation in Middle-Market Buyouts: A Transaction Level Analysis Chapman and Klein (2009)
• Private Equity vs. PLC Boards Acharya et al. (2008)
• The Private Equity Advantage Moody’s Investors Service (2008)
• The Role of Private Equity in U.S. Capital Markets Shapiro and Pham (2008), research funded by PEGCC

Private Equity Provides Outsized Returns to Investors

• PEGCC Public Pension Fund Analysis (2012)
• PEGCC Private Equity Performance Update (as reported through September 2012)
• Do Private Equity Fund Managers Earn their Fees? Compensation, Ownership, and Cash Flow Performance Robinson and Sensoy (2012)
• The Performance of Private Equity Higson and Stucke (2012)
• Private Equity Performance: What Do We Know? Harris et al. (2011)
• Pay for Performance from Future Fund Flows: The Case of Private Equity Chung et al. (2011)
• Competitive Effects of Private Equity Investment Hsu et al. (2010)
• The Performance of Reverse Leveraged Buyouts Cao and Lerner (2009)
• The Advantage of Persistence: How the Best Private Equity Firms “Beat the Fade” Boston Consulting Group and IESE School of Business (2008)

Tax Reform Targets Private Equity

• Who Benefits from the Leverage in LBOs? Jenkinson and Stucke (2011)
• The Impact of H.R. 4213 on Private Equity Investment and Employment Thomas (2010)
• The Taxation of Carried Interests in Private Equity Weisbach (2008), research funded by PEGCC

Private Equity Weathers the Recession

• Private Equity and the Resolution of Financial Distress Hotchkiss et al. (2011)
• The Credit Performance of Private Equity-Backed Companies in the ‘Great Recession’ of 2008-2009 Thomas (2010)