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 publiéDate
2004Nom de la revue
The Journal of Private EquityVolume
7Numéro
2Éditeur
NY Euromoney Institutional Investor PLC
Pages
64-71
Métadonnées
Afficher la notice complèteAuteur(s)
Chemla, GillesRésumé (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.Mots-clés
investment; pension trusts; venture capital; private equityPublications associées
Affichage des éléments liés par titre et auteur.
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De Bettignies, Jean-Etienne; Chemla, Gilles (2003-12) Document de travail / Working paper
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Atanasova, Christina; Chemla, Gilles (2010) Document de travail / Working paper
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Abou-Zeid, Amr (2009-06-03) Thèse
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Benslimane, Sonia; Poix, Michel (2009) Communication / Conférence