Latest Research
ESG Incidents and Fundraising in Private Equity
December 23, 2024We present novel evidence on how environmental and social (E&S) incidents affect the capital-raising ability of Private Equity (PE) firms. PE firms with E&S incidents in portfolio companies are less likely to fundraise and raise smaller subsequent funds. More
The Performance of Private Video Game Equity
December 07, 2024I use deal-level data from StepStone to perform the first ever analysis of private video game investment using 566 private video game investment deals, most of which come in the form of venture capital. Using these deals, I analyze private video game companies as a source of value accretion and as investment opportunities.
MoreDo GP Commitments Matter?
December 04, 2024It is standard practice for private equity general partners (GPs) to commit capital to a fund alongside limited partners (LPs). Despite the ubiquity of the practice, and the belief that it aligns GP-LP incentives, there is almost no large-sample empirical analysis of GP commitments. In this analysis, we seek to fill the gap in research...
MoreRecent News & Media
IPO Update – March 2025
March 10, 2025Our quarterly IPO forecast model with latest data through the end of February is now available. The U.S. IPO market remains “cold” and unfortunately, our model continues to predict about a 60% chance it will stay cold over the next two quarters. More