Maandblad Voor Accountancy en Bedrijfseconomie 81(7/8): 335-343, doi: 10.5117/mab.81.20839
International capital flows into private equity funds
Armin Schwienbacher
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Armin Schwienbacher © Armin Schwienbacher. This is an open access article distributed under the terms of the Creative Commons Attribution License (CC BY-NC-ND 4.0), which permits to copy and distribute the article for non-commercial purposes, provided that the article is not altered or modified and the original author and source are credited.
Citation:
Schwienbacher A (2007) International capital flows into private equity funds. Maandblad Voor Accountancy en Bedrijfseconomie 81(7/8): 335-343. https://doi.org/10.5117/mab.81.20839 | ![Open Access](/i/open_access_icon_colour.svg) |
Abstract In this study the investment behavior of US institutional investors in selecting private equity funds isanalyzed. The results show that, while this group of investors predominantly selected US funds, their interest in directly investing in foreign funds has increased over time. Insurance companies, financial corporations (banks), and public pension funds in the US are ‘global players’ that are likely to invest directly in foreign private equity funds. This conclusion holds for investments in European funds as well as for investments in Asia. More experienced funds providers are more likely to invest abroad, and when doing so they are more likely to invest in venture capital funds as opposed to buyout funds.