Found 2 article(s) for author 'capital investment'

Pay Now or Pay Later?: The Economics within the Private Equity Partnership

Pay Now or Pay Later?: The Economics within the Private Equity Partnership.┬áVictoria Ivashina, Josh Lerner, March 2016, Paper, “The economics of partnerships have been of enduring interest to economists, but many issues regarding intergenerational conflicts and their impact on the continuity of these organizations remain unclear. We examine 717 private equity partnerships, and show that (a) the allocation of fund economics to individual partners is divorced from past success as an investor, being instead critically driven by status as a founder, (b) the underprovision of carried interest and ownership–and inequality in fund economics more generally–leads to the departures of senior partners, and (c) the departures of senior partners have negative effects on the ability of funds to raise additional capital.Link

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New Look: Going Private with Private Equity Support

New Look: Going Private with Private Equity Support. Josh Lerner, 2010, Paper, “In July 2003, UK fashion retailer New Look was taken private with the support of Apax Partners/Permira. The management of New Look, originally listed publicly in 1998, wanted to transform the company to improve performance and take advantage of several opportunities they believed the UK and European retail sector offered. These transformations would increase business risk and require substantial investments and patience from investors.Link

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