Reliability of interim performance in private equity funds

Noh, Jung-Hee; Park, Heejin; Tae, Eomcheol

doi:10.1080/00036846.2023.2177593

Applied Economics

2023

DOI: 10.1080/00036846.2023.2177593

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Reliability of interim performance in private equity funds

Jung-Hee Noh

Heejin Park

Eomcheol Tae

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2024

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Cited by 1 publication

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Does the disclosure of ESG information by private equity firms impact the success of their fundraising efforts?

Noh,

Park

2024

JDQS

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This study examines the impact of private equity fund managers' (GPs') ESG disclosure on fundraising. To this end, a sample of global private equity and venture capital funds that completed fundraising between 2020 and 2022 is employed. Our findings indicate that an increase in ESG disclosure by GPs is associated with an increase in fundraising. This indicates that GPs' ESG disclosure diminishes information asymmetry and has a favorable impact on fundraising. Conversely, the level of ESG disclosure among limited partners (LPs) has no significant impact on the relationship between GPs' ESG disclosure level and fundraising. The findings of this study have significant implications for private equity stakeholders, including GPs, given the current context of declining investment demand due to rising interest rates, recessionary concerns, poor performance and tighter regulations on private equity management. In this environment, ESG disclosure is becoming increasingly challenging for private equity firms to utilize as a fundraising strategy.

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Does the disclosure of ESG information by private equity firms impact the success of their fundraising efforts?

Noh,

Park

2024

JDQS

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show abstract

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Reliability of interim performance in private equity funds

Cited by 1 publication

References 18 publications

Does the disclosure of ESG information by private equity firms impact the success of their fundraising efforts?

Does the disclosure of ESG information by private equity firms impact the success of their fundraising efforts?

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