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The determinants of venture capital portfolio size: empirical evidence
16/07/2003. The size of a venture capital fund's portfolio is dependent on the underlying characteristics of that fund, says Douglas Cumming of the University of Alberta. Fund type, size, duration and the number of venture capital fund managers all contribute to deciding the number of companies a given fund will invest in. 
Contracts and exits in venture capital finance
10/06/2003. Venture capital transactions and exit strategies vary significantly from deal to deal. Douglas Cumming of the University of Alberta School of Business evaluates the interaction between these two activities in the European market.
The price of diversifiable risk in venture capital and private equity
21/05/2003. The fundamental characteristics of private equity mean that the value of risk is notoriously difficult to price. Charles Jones and Mathew Rhodes-Kropf of the Graduate School of Business at Columbia University discuss the barriers to effective risk assessment and the role risk plays in the industry.
The information deficiency problem of private equity fund of funds: a risk and monitoring management perspective
14/05/2003. The importance of risk and monitoring management of private equity investments has increased in importance with the crumbling equity markets and the industry's emergence as an alternative asset class for investors. Gregor Diem of the University of Birmingham discusses its importance to private equity funds of funds and suggests some improvements that could be made.
Effect of investment focus and manager selection in private equity returns
31/03/2003. Returns in private equity have outperformed those in public equities over the last few years. However, a historical review of private equity reveals two key trends – median private equity returns tend to underperform public equities and there is a wider dispersion between top quartile and bottom quartile returns than in public equities. These trends make manager selection crucial, argues Sridhar Manyem of the University of Chicago Graduate School of Business.
Towards a risk model of venture capital funds: liquidity and performance forecasting
19/03/2003. The European venture capital market is younger than its US counterpart. Following the boom of the 1990s there is a definite need for it to mature, argues Tom Weidig of the European Investment Fund. For it to do so, the market must improve its understanding of risk management and pricing techniques.
Occupational choice and the private equity premium puzzle
12/03/2003. A model for the return on private equity can be viewed as the sum of two components – the individual ability of the entrepreneur and idiosyncratic business risk. Thomas Hintermaier of the Institute for Advanced Studies and Thomas Steinberger of the European University Institute offer a solution to what has become known as ‘the private equity premium puzzle' (Moskowitz and Vissing-Jorgensen, 2002).
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