par Nouvellon, Edouard 
;Pirotte, Hugues
Référence Journal of asset management, 20, 6, page (421-432)
Publication Publié, 2019-10-01
;Pirotte, Hugues Référence Journal of asset management, 20, 6, page (421-432)
Publication Publié, 2019-10-01
Article révisé par les pairs
| Résumé : | Private equity has increasingly been used in portfolio for all types of investors as family offices or ultra-high net worth individuals. Financial literature proposes different ways to compute private equity performances with results that can question the promised over-performance on public equities. The investment process in private equity funds with the system of committed capital and called capital can have a huge impact of the private equity performance in the whole portfolio and in multi-assets framework. This paper proposes an empirical study that integrates the J-curve effect on the private equity part of a portfolio and its scaling effect with the low-rate environment. |
