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Published in:
2015 | OriginalPaper | Chapter
Introduction
Author : Cyril Demaria
Published in: Private Equity Fund Investments
Publisher: Palgrave Macmillan UK
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Private equity (PE) is a sector of the financial industry that stands out due to the fast growth of the assets allocated to it. It has evolved from a ‘cottage industry’ [Cornelius et al., 2011, p. 12] to an asset class over a period of forty years [Sensoy, Wang and Weisbach, 2013]. Some professionals have experienced this transformation over the course of their career [Perkins, 2007; Brooke and Penrice, 2009; Draper, 2011].