- Series Information
- The Private Equity Contract
- Direct Investments in Private Firms by Institutional Investors: Issues And Evidence
- The Size and Internal Structure of Private Equity Firms
- Leveraged Buyouts and Public-to-Private Transactions
- Private Equity and Public Corporations
- Private Equity Governance and Financing Decisions
- Syndicate Partner Selection: who Syndicates with Whom?
- Industry Concentration, Syndication Networks, and Competition in the U.K. Private Equity Market for Management Buyouts
- A Competition Law Analysis of Private Equity “Club Deals”
- The Real Effects of Private Equity Buyouts
- Buyouts in Western European Countries: The Impact on Company Growth and Innovation
- The Limits of Private Equity: Evidence from Denmark
- Private Equity: Value Creation and Performance
- Do Private Equity Fund-of-Funds Managers Provide Value?
- Fund Size, Limited Attention, and Private Equity Valuation
- Private Equity Investors, Corporate Governance, and Performance of Ipo Firms
- The Role of Private Equity in Private Acquisitions
- Private Equity Activism and the Consequences for Targets and Rivals In Germany
- The Costs of Issuing Private Versus Public Equity for Entrepreneurial Ventures
- Risk and Return Characteristics of Listed Private Equity
- Listed Private Equity: A Genuine Alternative for an Alternative Asset Class
- Listed Private Equity and the Case of Exits
- Buyouts Around the World
- Leveraged Buyouts and Control-Oriented Investments in Asia
- Private Equity in China
Abstract and Keywords
This article addresses the question of whether the private equity fund-of-funds managers provide value or not. It studies the value added by funds of funds, and suggests that fund-of-funds managers do not appear to perform better on a risk-adjusted basis than their peers. This article also tries to determine if these managers provide the private equity investor with value. It also considers if the institutional investors should invest in getting the necessary connection that would help them directly access private equity investments.
April Knill received her PhD from the University of Maryland at College Park. While pursuing her doctoral degree she worked at the World Bank as a consultant. Upon graduation she went to work at Florida State University. Her research interests are venture capital/private equity and international finance. She has published in academic journals such as Journal of Business, Financial Management, European Financial Management, and European Journal of Finance.
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