• xmlui.mirage2.page-structure.header.title
    • français
    • English
  • Help
  • Login
  • Language 
    • Français
    • English
View Item 
  •   BIRD Home
  • DRM (UMR CNRS 7088)
  • DRM : Publications
  • View Item
  •   BIRD Home
  • DRM (UMR CNRS 7088)
  • DRM : Publications
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

Browse

BIRDResearch centres & CollectionsBy Issue DateAuthorsTitlesTypeThis CollectionBy Issue DateAuthorsTitlesType

My Account

LoginRegister

Statistics

Most Popular ItemsStatistics by CountryMost Popular Authors
Thumbnail - Request a copy

Pension Fund Investment in Private Equity and Venture Capital in the U.S. and Canada

Chemla, Gilles (2004), Pension Fund Investment in Private Equity and Venture Capital in the U.S. and Canada, The Journal of Private Equity, 7, 2, p. 64-71

Type
Article accepté pour publication ou publié
Date
2004
Journal name
The Journal of Private Equity
Volume
7
Number
2
Publisher
NY Euromoney Institutional Investor PLC
Pages
64-71
Metadata
Show full item record
Author(s)
Chemla, Gilles
Abstract (EN)
This article provides a comparative analysis of pension plan allocations to private equity and to venture capital in the United States and in Canada. Although the assets of American funds in our data are worth 10 times those of Canadian funds, their investment in private equity is about 20 times larger. Asset size is an important determinant of the decision to invest in private equity in both countries, but it is only a determinant of how much to invest in Canada. Asset size appears to be an important factor in explaining the difference in private equity investment, but it is not sufficient to explain it in its entirety. We examine other possible explanatory factors, such as fund types and location, the institutional environment, and regulatory constraints.
Subjects / Keywords
investment; pension trusts; venture capital; private equity
JEL
G24 - Investment Banking; Venture Capital; Brokerage; Ratings and Ratings Agencies
G23 - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
G11 - Portfolio Choice; Investment Decisions

Related items

Showing items related by title and author.

  • Thumbnail
    Law and Corruption in Venture Capital and Private Equity 
    Cumming, Douglas; Fleming, Grant; Johan, Sofia; Najar, Dorra (2013) Chapitre d'ouvrage
  • Thumbnail
    Corporate Venture Capital: The Upside of Failure and Competition for Talent 
    De Bettignies, Jean-Etienne; Chemla, Gilles (2003-12) Document de travail / Working paper
  • Thumbnail
    Familiarity Breeds Institutional Investment: Evidence from US Defined Benefit Pension Plans 
    Atanasova, Christina; Chemla, Gilles (2010) Document de travail / Working paper
  • Thumbnail
    La gestion des fonds de fonds islamiques de capital investissement pour le développement des pays arabes 
    Abou-Zeid, Amr (2009-06-03) Thèse
  • Thumbnail
    Corporate Finance: The Role of the Private Equity Funds in Restructuring of the Economic Productive Tissue 
    Benslimane, Sonia; Poix, Michel (2009) Communication / Conférence
Dauphine PSL Bibliothèque logo
Place du Maréchal de Lattre de Tassigny 75775 Paris Cedex 16
Phone: 01 44 05 40 94
Contact
Dauphine PSL logoEQUIS logoCreative Commons logo