Research Library

The Research Library provides AVCAL members with a one-stop centre for accessing current international research on private equity and venture capital.

It contains links to independent research, syndicated data, conference materials and more.

Quick links by topic:

What is PE/VC? Economic impact of PE and VC ownership
Corporate governance and value creation PE and VC performance
Global trends Research compilations
PE and VC data: useful links



What is private equity/venture capital?

Private Equity and Venture Capital Explained AVCAL (2011)

The microeconomic structures of private equity BVCA (2011)

Private Equity Demystified (An Explanatory Guide) 2nd ed ICAEW (2010)

What is Private Equity? video: Part 1 and Part 2 Sky Business Channel (2009)

Public Value: A Primer on Private Equity PEGCC (2007)

Guide to PE and VC for Entrepreneurs EVCA (2007)

Venture Voices videos NVCA

VentuReality video: an entrepreneur's quest for funding NVCA


Economic impact of PE and VC ownership

Exploring the Success of VC-backed Companies BVCA (2012) NEW

Private Equity and Employment Davis et al (2011)

Venture Impact: The Economic Impact of VC NVCA (2011)

The Global Impact of Private Equity Report 2010 World Economic Forum (2010)

The Role of the Private Equity Sector Promoting Economic Recovery Shapiro (2009)

Equity Capital in Emerging Domestic Markets and its Critical Role in Driving Growth in the Broader U.S. Economy National Association of Investment Companies and Boston Consulting Group (2009)

The Impact of Private Equity Acquisitions and Operations on Capital Spending, Sales, Productivity, and Employment Shapiro and Pham (2009)

On the Real Effects of Private Equity Investment: Evidence from New Business Creation Popov and Roosenboom (2009)

The Global Economic Impact of Private Equity Report 2009 World Economic Forum (2009)

American Jobs and the Impact of Private Equity Transactions Shapiro and Pham (2008)

Private Equity and Long-Run Investment: The Case of Innovation Lerner et al (2008)

Government Policy Towards Entrepreneurial Finance: Innovation Investment Funds Cumming (2007)

Patient Capital: How Venture Capital Investment Drives Revolutionary Medical Innovation NVCA (2007)


Corporate governance and value creation

Responsible investment: Creating value from ESG issues PwC (2012) NEW

Private Equity: Engaging for Growth Boston Consulting Group (2012)

Venture Capital: Policy Lessons (European evidence) VICO Project (2011)

Corporate Governance and Value Creation: Evidence from Private Equity Archarya et al. (2011)

How do Private Equity Investors Create Value? Ernst & Young (2010)

Evidence on How Private Equity Sponsors Add Value From a Comprehensive Sample of Large Buyouts and Exit Outcomes Harford and Kolasinki (2010)

Value Creation in Middle-Market Buyouts: A Transaction Level Analysis Chapman and Klein (2009)

Private Equity vs. PLC Boards Acharya et al. (2008)

The Private Equity Advantage Moody’s Investors Service (2008)

Beyond the Credit Crunch: How Do Private Equity Investors Create Value? A Global Study of 2007 Exits Ernst & Young (2008)

Why Do Firms Use Private Equity to Opt Out of Public Markets? Bharath et al (2008)


PE and VC performance

Private Equity Performance: What Do We Know? Harris et al. (2012) NEW

The Impact of PE on a Life Insurer's Capital Charges under Solvency II and the Swiss Solvency Test Braun et al (2012) NEW

The Performance of Private Equity Higson & Stucke (2012) NEW

Risk and Return of Illiquid Investments APRA (2012)

UK Buyout Track League Table and Research Report on profit growth in PE-backed midmarket co.s - Deloitte/Fast Track (2012)

Understanding private equity's outperformance in difficult times Partners Group (2012)

Do (Some) University Endowments Earn Alpha? Barber and Wang (2011)

Do Private Equity Fund Managers Earn Their Fees? Robinson et al. (2011)

Private Equity in the 21st Century: Liquidity, Cash Flows, and Performance from 1984-2010 Robinson et al. (2011)

Finding Alpha 2.0 Gottschalg et al. (2011)

Analysis of the performance of PE-backed IPOs in Australia AVCAL (2011)

Private Equity and the Resolution of Financial Distress Hotchkiss et al. (2011)

Rating operative performance of PE portfolio companies (European evidence) AT Kearney (2011)

Private Equity portfolio company performance through the recession BVCA (2011)

Replicating the investment strategy of UK buyout funds BVCA and Gottschalg et al. (2011)

Independent econometric analysis of the Innovation Investment Fund DIISR and Murray et al. (2010)

Finding Alpha 1.0 Gottschalg et al. (2010)

Private Equity Fund Level Return Attribution BVCA and Gottschalg et al. (2010)

Private Equity and Insolvency BVCA and Wilson et al. (2010)

Competitive Effects of Private Equity Investment Hsu et al. (2010)

The Credit Performance of Private Equity-Backed Companies in the ‘Great Recession’ of 2008-2009 Thomas (2010)

The Performance of Reverse Leveraged Buyouts Cao and Lerner (2009)

Private Equity: Past, Present and Future presentation: Kaplan (2009)

The Advantage of Persistence: How the Best Private Equity Firms “Beat the Fade” Boston Consulting Group and IESE School of Business (2008)

A comparison of ordinary, VC and PE-backed IPOs in Australia 1996-2007 Vu et al. (2008)


Global trends

Probitas Partners Private Equity Deskbook (2012) NEW

Global Private Equity Report Bain & Company (2012) NEW

Global Healthcare Private Equity Report Bain & Company (2012) NEW

Debt Market Q4 2011 Update KPMG (2012)

Coller Capital Global PE Barometer Winter 2011-12 Coller Capital (2012)

GE Innovation Barometer 2012 GE (2012)

Global Pension Assets Report Towers Watson (2012)

PE Spotlight Preqin (2012)

Private Equity, Public Exits Dec 2011 Ernst & Young (2011)

Asia-Pacific 2012 PE Outlook Ernst & Young (2011)

Global Trends in VC: State of the IPO Market Deloitte (2011)

Global Alternatives Report Towers Watson (2011)


Research compilations

Private Business Barometer Winter 2012 PwC NEW

Private Equity Barometer Supplement Winter 2012 PwC NEW

A Survey of Venture Capital Research Da Rin, Hellmann and Puri (2011) NEW

Private Equity Findings Winter 2011 Coller Institute (2011)

Private Equity Findings Spring 2011 Coller Institute (2011)

Making the Case for Private Equity: Findings from the Literature BVCA (2010)


PE & VC data: useful links

Australian PE & VC data AVCAL

European PE & VC data EVCA

US VC data NVCA

US PE data PEGCC

UK PE & VC data BVCA