168 The Economics of the Private Equity Market George W. Fenn and Nellie Liang ply, venire of Governors Stephen Prowse Staff, federal contain Bank of Dallas The staff members of the Board of Governors of the Federal conquer dodge and of the Federal provide Banks undertake studies that cover a broad(a) range of economic and ?nancial subjects. From time to time the studies that argon of exuberant general interest are published in the Staff Studies series and summarized in the Federal Reserve bare. The following paper, was summarized in the Bulletin for January 1996. The analyses and conclusions set forth are those of the author and do not necessarily indicate concurrence by the Board of Governors, the Federal Reserve Banks, or members of their staffs. Board of Governors of the Federal Reserve constitution Washington, DC 20551 December 1995 Preface In preparing this submit we were helped by some(prenominal) institutions and individuals that partici pate in the private equity market. We are oddly welcome to the following individuals for their participation in stiff interviews: Kevin K. Albert, Eduard H. Beit, Christopher Brody, Leslie A. Brun, Walter M. Cain, Alicia Cooney, Renee Deger, herds grass J. Donmoyer, Craig Farnsworth, Pamela D. Gingold, David B. Golub, Laird Koldyke, Dennis M.

Leary, Erwin Marks, Robert Moreland, Howard H. Newman, Steven ODonnell, Claire M. Olstein, Lionel I. Pincus, Guy C. Roberts, J. Stevens Robling, William A. Sahlman, Thomas J. Salentine, derriere Sallay, John Schumacher, Samuel L. Shimer, capital of Minnesota T. Smith, Phillip Smith, Scott Sperling, Russell W. Steenberg, Jordan! Stitzer, Tracy Turner, Jeffrey Walker, William Wetzel, G. Cabell Williams, and Brooks Zug. We also are grateful to Steven Galante and Jesse Reyes for providing us with information and other information. Among the other individuals that contributed to this study, we are specially grateful to Edward C. Ettin, dungaree Helwege, Joshua Lerner, and Martha Scanlon for many helpful comments; to...If you want to yield a full essay, order it on our website:
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