What Determines the Size of Private Equity Firms?

Florian Willert and Dodo zu Knyphausen-Aufsess

Schmalenbach Business Review (sbr), 2008, vol. 60, issue 1, 32-49

Abstract: Although private equity is considered a maturing industry, its players have remained tiny boutiques. We investigate the nature of the drivers and inhibitors of firm growth in the private equity industry. We present the results of a survey on size patterns of European private equity firms. Based on case studies on buyout and venture capital (VC) firms from our sample and a business model concept, we derive three propositions that highlight the importance of the characteristics of the services provided, the decision process, and the metrics of economic return as determinants of firm size.

Keywords: Buyout; Economies of Scale; Firm Size; Private Equity; Venture Capital (search for similar items in EconPapers)
JEL-codes: G24 L25 (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:sbr:abstra:v:60:y:2008:i:1:p:32-49

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