Assessing the performance of private equity investments

Detalhes bibliográficos
Autor(a) principal: Rebelo, Diogo Bebiano de Sá Viana
Data de Publicação: 2014
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Institucional do FGV (FGV Repositório Digital)
Texto Completo: http://hdl.handle.net/10438/13462
Resumo: This study presents an alternative investment projection model to estimate the future values of Private Equity (PE) investments. The performance of PE investments is assessed by analyzing the risk-return relationship relative to simulated Public Market (PM) investments that mimic the cash flow patterns of PE investments. The model allows for a quantified analysis of the underlying inputs that outline the PE performance and risks, and accounts for survivorship bias. These inputs include the fund manager’s decisions regarding the selection, leverage, size, duration and timing of investment and divestments.
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spelling Rebelo, Diogo Bebiano de Sá VianaEscolas::EESPCustódio, Cláudia Perdigão DiasCunha, IgorFernandes, Marcelo2015-03-02T12:15:23Z2015-03-02T12:15:23Z2014-08-26REBELO, Diogo Bebiano de Sá Viana. Assessing the performance of private equity investments. Dissertação (Mestrado Profissional em Finanças e Economia) - FGV - Fundação Getúlio Vargas, São Paulo, 2014.http://hdl.handle.net/10438/13462This study presents an alternative investment projection model to estimate the future values of Private Equity (PE) investments. The performance of PE investments is assessed by analyzing the risk-return relationship relative to simulated Public Market (PM) investments that mimic the cash flow patterns of PE investments. The model allows for a quantified analysis of the underlying inputs that outline the PE performance and risks, and accounts for survivorship bias. These inputs include the fund manager’s decisions regarding the selection, leverage, size, duration and timing of investment and divestments.Este estudo apresenta um modelo de projeção de investimentos alternativos para estimar os valores futuros de investimentos de Private Equity (PE). O desempenho dos investimentos de PE é avaliado pelo risco-retorno em relação a investimentos de Mercados Públicos simulados de forma a imitar os padrões de fluxo de caixa dos investimentos de PE. O modelo permite uma análise quantificada dos inputs que caraterizam o desempenho e riscos de investimentos de PE, e tem em consideração rácios de sobrevivência (survivorship bias) destes investimentos. Estes inputs incluem decisões dos gestores do fundo em relação à seleção, alavancagem, tamanho, duração e timings dos investimentos e desinvestimentos.engPrivate equityPublic market equivalentPerformance measurementEconomiaDesempenhoInvestimentosTaxa interna de retornoAssessing the performance of private equity investmentsinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisreponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVinfo:eu-repo/semantics/openAccessORIGINALTese Final FGV- Diogo Rebelo.pdfTese Final FGV- Diogo Rebelo.pdfASSESSING THE PERFORMANCE OF PRIVATE EQUITY INVESTMENTS - Diogo Sá Viana Rebeloapplication/pdf1148199https://repositorio.fgv.br/bitstreams/27bc8032-3a8c-4b3a-b8e6-d0914a72c165/download1934b936e71be2a5ff74d29fed77e94eMD51LICENSElicense.txtlicense.txttext/plain; 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dc.title.eng.fl_str_mv Assessing the performance of private equity investments
title Assessing the performance of private equity investments
spellingShingle Assessing the performance of private equity investments
Rebelo, Diogo Bebiano de Sá Viana
Private equity
Public market equivalent
Performance measurement
Economia
Desempenho
Investimentos
Taxa interna de retorno
title_short Assessing the performance of private equity investments
title_full Assessing the performance of private equity investments
title_fullStr Assessing the performance of private equity investments
title_full_unstemmed Assessing the performance of private equity investments
title_sort Assessing the performance of private equity investments
author Rebelo, Diogo Bebiano de Sá Viana
author_facet Rebelo, Diogo Bebiano de Sá Viana
author_role author
dc.contributor.unidadefgv.por.fl_str_mv Escolas::EESP
dc.contributor.member.none.fl_str_mv Custódio, Cláudia Perdigão Dias
Cunha, Igor
dc.contributor.author.fl_str_mv Rebelo, Diogo Bebiano de Sá Viana
dc.contributor.advisor1.fl_str_mv Fernandes, Marcelo
contributor_str_mv Fernandes, Marcelo
dc.subject.eng.fl_str_mv Private equity
Public market equivalent
Performance measurement
topic Private equity
Public market equivalent
Performance measurement
Economia
Desempenho
Investimentos
Taxa interna de retorno
dc.subject.area.por.fl_str_mv Economia
dc.subject.bibliodata.por.fl_str_mv Desempenho
Investimentos
Taxa interna de retorno
description This study presents an alternative investment projection model to estimate the future values of Private Equity (PE) investments. The performance of PE investments is assessed by analyzing the risk-return relationship relative to simulated Public Market (PM) investments that mimic the cash flow patterns of PE investments. The model allows for a quantified analysis of the underlying inputs that outline the PE performance and risks, and accounts for survivorship bias. These inputs include the fund manager’s decisions regarding the selection, leverage, size, duration and timing of investment and divestments.
publishDate 2014
dc.date.issued.fl_str_mv 2014-08-26
dc.date.accessioned.fl_str_mv 2015-03-02T12:15:23Z
dc.date.available.fl_str_mv 2015-03-02T12:15:23Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.citation.fl_str_mv REBELO, Diogo Bebiano de Sá Viana. Assessing the performance of private equity investments. Dissertação (Mestrado Profissional em Finanças e Economia) - FGV - Fundação Getúlio Vargas, São Paulo, 2014.
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10438/13462
identifier_str_mv REBELO, Diogo Bebiano de Sá Viana. Assessing the performance of private equity investments. Dissertação (Mestrado Profissional em Finanças e Economia) - FGV - Fundação Getúlio Vargas, São Paulo, 2014.
url http://hdl.handle.net/10438/13462
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.source.none.fl_str_mv reponame:Repositório Institucional do FGV (FGV Repositório Digital)
instname:Fundação Getulio Vargas (FGV)
instacron:FGV
instname_str Fundação Getulio Vargas (FGV)
instacron_str FGV
institution FGV
reponame_str Repositório Institucional do FGV (FGV Repositório Digital)
collection Repositório Institucional do FGV (FGV Repositório Digital)
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