제목 | Level 2. Emerging topics : VCP 관련 | ||||
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등록일 | 2024-03-16 오후 5:38:36 | 조회수 | 82 | ||
Action Item Implementation 부분 Longer deal duration and larger deal size both have a positive effect on the chance of success. This is most likely due to longer deals and larger deals receiving more attention from PE managers. A majority ownership increases the likelihood of success by 3.6%, which is an economically significant increase. A factor that decreases the chance of success is a focus on inorganic growth. This may be due to paying too much for inorganic growth targets. Impact of Fund Fixed Effects 부분 In summary, resource constraints, specialization, and diminishing returns from elevated deal complexity all have an impact on deal implementation. At the fund level, the primary concerns are a portfolio of a smaller number of deals that are homogenous in size coupled with a minority stake. Vintage year impact cannot be controlled because it is linked to time-period sensitive macroeconomic factors. Action Item Implement에서는 Deal Size는 클수록, Fund ownership은 Majority 일수록 좋다 라고 되어있는데, 반대로 Impact of Fund Fixed Effects는 homogeneous size에 minority ownership이 좋다고 나와있어서 잘 이해가 되지 않네요. 어떻게 이해하면 좋을지요? |
이전글 | Intro to Ai |
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