Private Equity Valuations and Public Equity Performance
By Megan Czasonis, Mark Kritzman, David Turkington, State Street Associates
Jun 1, 2019
By Megan Czasonis, Mark Kritzman, and David Turkington
Published in the Journal of Alternative Investments, Summer 2019
We find persuasive evidence that private equity managers produce positively biased valuations that appear to be rationalized by information that should not be relevant.
