Investing in Private Equity in Brazil

Antônio Junior and Luiz Medeiros
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Antônio Junior: IBMEC – RJ / University os State of Rio de Janeiro - UERJ
Luiz Medeiros: IBMEC – RJ / Assistance and Social Security Foundation of BNDES - FAPES

Brazilian Business Review, 2016, vol. 13, issue 5, 51-84

Abstract: We consider the problem of selecting private equity funds for investment in Brazil. The proposed methodology is based on multi-criteria decision-making. Real data obtained from one of the largest pension funds in Brazil is used to illustrate a practical application of the methodology when selecting investments among eleven private equity funds available in the local financial market. The multi-criteria method TOPSIS is adopted with a total of twenty two criteria to order the investment alternatives. A sensitivity analysis is also presented. The methodology proposed allows a standardized decision-making process, facilitating the process of selecting private equity funds for investment in Brazilian financial markets.

Keywords: Investment; selection.; Multicriteria; decision; making.; Private; equity.; TOPSIS. (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:bbz:fcpbbr:v:13:y:2016:i:5:p51-84

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