The Size of Venture Capital and Private Equity Fund Portfolios
We propose a model that examines the optimal size of venture capital and private equity fund portfolios. The relationship between a VC and entrepreneurs is characterized by double-sided moral hazard, which causes the VC to trade off larger portfolios against lower values of portfolio companies. We a...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2007
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/3665 https://ink.library.smu.edu.sg/context/lkcsb_research/article/4664/viewcontent/ventcapdoug_oct23_2006_jcf.pdf |
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| Institution: | Singapore Management University |
| Language: | English |