Estimating Private Equity Market Beta Using Cash Flows: A Cross-Sectional Regression of Fund-Market Paired Internal Rates of Return
作者： Yindeng Jiang , Joseph F Saenz
DOI: 10.2139/SSRN.2431835
关键词:
摘要: We develop a new method to estimate private equity funds’ market beta from cash flows. Our methodology extends the widely known public equivalent calculation cross-sectional regression. By simply regressing internal rates of return on their paired return, we are able betas. For venture funds, find high beta. buyout low Though have small sample, our results fall in line with recently reported literature.
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