[ad_1] Private equity and private funds more generally have become a go-to investing spot. And not just for institutional and sophisticated investors, or the so-called “smart money.” The retail crowd…
[ad_1] Private equity (PE) often claims the financial crown of outperformance. But I am referring to that other, now infamous, Latin word for crown — corona — the shape of…
[ad_1] The internal rate of return is dead. Long live the IRR. “Hey, the IRR looks soooo close to the DaRC!” Michele observed. Michele is our chief technology officer at…
[ad_1] The GameStop story returned short-sellers to the front pages of the global financial press. The Reddit crowd’s “Main Street Takes Revenge on Wall Street” narrative cast these short sellers…
[ad_1] Benchmarking requires the ability to objectively generalize results. This is why the development of any financial benchmark is in essence the complex outcome of a rigorous averaging exercise. From…
[ad_1] In private equity (PE), there are more ways to calculate the alpha of a portfolio or fund than any other asset class. And in no sector other than private…
[ad_1] The J-curve narrative in private equity (PE) investments has accompanied the growth of private markets up to the present. That narrative deserves a quiet obsolescence. Here’s why. The J-Curve…
[ad_1] What’s most surprising about aggregated private market performance calculations? The widespread “tolerance” of mathematical errors, gross inaccuracy, and representativeness among private market investors, advisers, enthusiasts, detractors, and even academics.…
[ad_1] The debate about private market fund valuations and volatility has returned to center stage. To quote Mohamed El-Erian, some private equity managers believe “their asset class would avoid the…