Global Private Equity Survey Q2 2010 – 2nd round of the interactive online survey launched!
May, 01 2010
The immense response of registered users in Q1 made this survey the world's largest GP and LP interest comparison. For round two, the survey has been expanded by four additional user-suggested questions. The innovative interactive survey concept shows interim results immediately after each response. You can register at the end to receive a detailed final report. Click here to start the survey.
CEPRES establishes partnerships with national private equity and venture capital associations
Apr, 28 2010
The mission of national PE/VC associations is to represent, promote and protect the interests of the industry. In this context conducting industry research plays a crucial role for creating a more favourable environment through transparency. CEPRES stands for the pragmatic conversion of academic know-how into industry best practice. The newly established partnerships combine the industry knowledge and network of the association with the data aggregation and research capabilities of CEPRES.
CEPRES exclusive provider of performance statistics for the Unquote European Mezzanine Report 2010
Apr, 25 2010
For the 3rd successive time, CEPRES is the exclusive provider of mezzanine deal statistics for the Unquote yearly publications on Mezzanine in Europe.
CepreX Private Equity Infrastructure Index
Apr, 20 2010
Cepres has developed the worldwide first index for unlisted private equity infrastructure showing the return development of institutionally funded private companies active in the following infrastructure clusters: Energy/Utilities, Transportation, Telecommunications and Construction. [About CepreX]
EFM Symposium 2010 on Entrepreneurial Finance & Venture Capital Markets
Mar, 29 2010
We are happy to announce that the CEPRES research paper “Private Equity Funds: Valuation, Systematic Risk and Illiquidity” by Axel Buchner, Christoph Kaserer and Niklas Wagner has been accepted for presentation at the European Financial Management Symposium 2010 on Entrepreneurial Finance & Venture Capital Markets in Montreal, Canada on April 15-17, 2010. Keynote speakers at the conference include Josh Lerner and Alexander Ljungqvist. [Further information]
2nd Annual Private Equity Conference in South East Europe
Feb, 23 2010
Dr. Daniel Schmidt, managing director of CEPRES, is invited to the Second Annual Private Equity Conference in South East Europe “Financing Companies in a Challenging Environment”, organized by CVCA (Croatian Private Equity and Venture Capital Association), to present the latest trends in private equity and venture capital for CEE/SEE. [Further information]
Interim results of the global CEPRES survey published in Financial Times Deutschland
Feb, 09 2010
FTD reports on the SuperReturn Condference 2010. The findings about investors’ expectations and preferences according to expert opinions are underpinned with the interim results from the global CEPRES survey "The LPs vs. GPs view on the private equity world". [Read the full article]
For GPs and LPs – Global Private Equity Survey Now Online!
Jan, 20 2010
The CEPRES research team has created an online survey addressed to both, GPs and LPs, based in North America, Europe and Asia, to find out private equity fund managers and their investors preferences, practices and perspectives. Click here to participate and view preliminary results.
16th Annual Meeting of the German Finance Association (DGF)
Oct, 10 2009
We are happy to announce that two CEPRES research papers have been accepted for presentation at the upcoming 16th Annual Meeting of the German Finance Association (DGF). In addition, the Private Equity session of the conference will be chaired by Dr. Axel Buchner from CEPRES. The conference is well renowned and of high reputation in the scientific world. [Further information]
Deutsche Unquote Conference 2009
Oct, 01 2009
Deutsche Unquote Private Equity Congress in Munich on October 1, 2009: Dr. Daniel Schmidt, partner of CEPRES GmbH, presents the latest performance figures of the DACH region. [Further information]
CEPRES Research Paper forthcoming in "Companion to Private Equity" published by Wiley
Sep, 15 2009
The CEPRES research paper "Projection of Private Equity Fund Performance: A Simulation Approach" (by: Buchner, Krohmer, Schmidt, Wahrenburg) is forthcoming in the "Companion to Private Equity" edited by Douglas Cumming (York University, Canada). The article provides a novel simulation approach to project the future returns of private equity funds and fund-of-funds. [Further information]
CEPRES Research Paper forthcoming in the Journal of Alternative Investments
Sep, 10 2009
The CEPRES research paper "Exit Strategies of Buyout Investments - An Empirical Analysis" (by Schmidt, Steffen, and Szabo) is forthcoming in the Journal of Alternative Investments. It studies the performance of different exit strategies of buyout investments. CEPRES is happy to announce the publication in this well renowned academic journal. [Download paper]
CEPRES Research Paper published by the Journal of Banking & Finance
Sep, 01 2009
The CEPRES research paper "The bright and dark side of staging: Investment performance and the varying motivations of private equity firms" (by Krohmer, Lauterbach, and Calanog) has been published in the September volume of the Journal of Banking & Finance. It reveals that staging has a positive effect on investment returns in the beginning, whereas, staging appears to be negatively associated with returns when used prior to the exit decision. CEPRES is happy to announce the publication in this well renowned top-level academic journal. [Download paper]
CEPRES establishes joint research project on European Venture Capital sponsored by the EVCA
Jul, 01 2009
CEPRES has established a joint research programme with the Center for Entrepreneurial and Financial Studies of the Technical University of Munich focused on investigating the performance of European Venture Capital investments. The project is sponsored by the European Private Equity & Venture Capital Association (EVCA). [Further information]
New CEPRES Research Paper on Liquidity Risk in Private Equity
Jun, 01 2009
In the new working paper "Private Equity Performance and Liquidity Risk" three professors from the CEPRES research network (Franzoni, Nowak, and Phalippou) provide evidence on liquidity risk of private equity investments. The paper is based on a comprehensive dataset provided by CEPRES and shows that the liquidity risk premium in private equity is around 3 percent p.a. [Download paper]
CEPRES exclusive provider of performance data for the "European Mezzanine Review 2009"
Jun, 01 2009
CEPRES is the exclusive provider of mezzanine performance data for the "European Mezzanine Review 2009" published by Incisive Media. [Further information]
CEPRES establishes joint research project on Infrastructure Finance sponsored by the EIB
May, 01 2009
In cooperation with the Center for Entrepreneurial and Financial Studies of the Technical University of Munich, CEPRES has established a joint research programme focused on investigating the role of infrastructure funds in the market for infrastructure finance. The project is sponsored by the EIBURS Programme of the European Investment Bank (EIB). [Further information]
CEPRES exclusive provider of performance data for the "European Buyout Review 2009"
Mar, 01 2009
CEPRES is the exclusive provider of buyout performance data of the "European Buyout Review 2009" published by Incisive Media. In addition, CEPRES is featured with an own chapter on performance data. [Further information]
CEPRES Infrastructure Report
Feb, 20 2009
Commercial Publication about Infrastructure Private Equity: Supported by the European Investment Bank, the most comprehensive Infrastructure Study is now publicly available. More information here.
Absolutreport features CEPRES Article
Jan, 15 2009
CEPRES article "Private Equity als Portfoliobaustein bei Pensionskassen" (by: Schmid, Schmitt and Höll) featured in Absolutreport. The article shows that private equity investments can be an attractive ingredient to a pension fund's overall portfolio. [Further information]
Private Equity Asia features CEPRES Article
Dec, 15 2008
CEPRES article "A risk and return comparison of direct investments in Asian private equity" (by: Schmidt and Buchner) is featured in Private Equity Asia. The article shows that direct private equity investments in Asia do increasingly offer attractive returns at moderate levels of risk. [Further information]
British Private Equity Awards
Nov, 14 2008
CEPRES co-hosts the British Private Equity Awards 2008 in London. Venue: Room by the River at Nov. 27.
Performance Analyser V1.2
Oct, 15 2008
The new version of the Performance Analyser launched, offering now more selection filters and new results statistics.
New Version of PerFore
Sep, 01 2008
New Version of the Risk Modeling and Portfolio Management Software PerFore released, including an update of the Portfolio Valuation Module
Journal of Business Venturing
Jul, 01 2008
CEPRES Article "Cumming/Schmidt/Walz: Legality and Venture Governance around the world" is accepted for publication at the Journal of Business Venturing
Conference: "Opportunities in Mid-Market Mezzanine Finance"
Jun, 01 2008
CEPRES-Researcher Dr. Axel Buchner is invited to the Marcus Evans Conference on "Opportunities in Mid-Market Mezzanine Finance", held in London, September 15-16 2008 to speak about Mezzanine performance, risk and pricing characteristics
CEPRES exclusive provider of performance data for the "European Mezzanine Review 2008"
Jun, 01 2008
CEPRES is the exclusive provider of mezzanine performance data for the "European Mezzanine Review 2008" published by Incisive Media. [Further information]
Performance Analyser V1.0 launched
May, 27 2008
CEPRES together with its long-standing media partner Incisive Media launches the Performance Analyser, a new integrated performance module to the deals and fundraising data accessible via the Private Equity Insight database
CEPRES exclusive provider of performance data for the "European Buyout Review 2008"
Mar, 01 2008
CEPRES is the exclusive provider of buyout performance data of the "European Buyout Review 2008" published by Incisive Media. [Further information]
Campus for Finance – Research Conference 2008
Dec, 01 2007
Campus for Finance – Research Conference 2008, WHU, January 16-17: CEPRES research paper "The Liquidation Dilemma of Money Losing Investments - The Impact of Investment Experience and Window Dressing of Private Equity and Venture Capital Funds" was selected for presentation
Paris International Finance Meeting 2007
Dec, 01 2007
Philipp Krohmer, Director at CEPRES, is invited to the “Paris International Finance Meeting”, December 20 & 21, organised by the French Finance Association, as discussant and speaker
XVI International Conference on Banking and Finance 2007
Oct, 01 2007
CEPRES Research Paper „The Liquidation Dilemma of Money Losing Investments – The Impact of Investment Experience and Window Dressing of Private Equity an Venture Capital Funds“ is presented at the XVI International Conference on Banking and Finance “European Financial Markets Integration, Institutional Convergences and Public Debt Policies”, held in Rome, December 5-7
Absolutreport features CEPRES Article
Sep, 15 2007
CEPRES article "Exit-Strategien von Buy-out-Investments" (by: Schmidt, Szabó and Steffen) examining the performance of different exit strategies of buyout investments featured in Absolutreport. [Further information]
German Finance Association Conference 2007
Sep, 04 2007
The CEPRES Research Paper "Exit Channels of Buyout Investments" is presented at the DGF 2007, German Finance Association Conference, in Dresden, September 28-29
PerFore Release
Aug, 07 2007
New version of the CEPRES risk and return controlling system PerFore
Private Equity World Germany 2007 conference
Aug, 01 2007
Professor Kaserer, partner of CEPRES GmbH, will be taking part in a session on the subject of Results of Empirical Research: How best for LPs to integrate private equity into their portfolios as part of the Private Equity World Germany 2007 conference which will be held at the Hilton Hotel, Berlin, this September 24 to 26
Deutsche Unquote Conference 2007
Aug, 01 2007
Deutsche unquote” Private Equity Congress in Zurich on October 11, 2007: Dr. Daniel Schmidt and Prof. Dr. Kaserer, both partner of CEPRES GmbH, will participate in panel discussions about a) Finding and Capitalizing on the best Opportunities in the D-A-CH Region and b) The Importance of Transparency and Corporate Governance in Private Equity
Unquote Private Equity Awards 2007
Aug, 01 2007
Unquote Private Equity Awards, Nov 28, 2007, Royal Holticultural Halls, London : Dr. Daniel Schmidt, partner of CEPRES GmbH, represents Germany on the judging panel
Ninth Conference of the ECB-CFS Research Network 2007
Aug, 01 2007
Ninth Conference of the ECB-CFS Research Network on "Asset Management, Private Equity Firms and International Capital Flows: Their Role for Financial Integration and Efficiency" - Dublin, 8-9 October 2007: Philipp Krohmer, Director at CEPRES, is speaking about performance and corporate governance in the private equity industry
Research Sponsorship
Jun, 01 2007
CEPRES starts an industry sponsored private equity research and PhD-programm with multiple sponsors to combine the academic expertises of the TUM and Goethe-University Franfurt with industry demands: BHF-BANK research position at CEPRES has been established
New CEPRES Scientific Partner
May, 10 2007
Prof. Dr. Christoph Kaserer from the Technical University Munich joins CEPRES as a scientific partner and shareholder
American Finance Association Conference 2007
Jan, 07 2007
CEPRES Paper presented at the AFA American Finance Association Conference 2007, Chicago Jan 5-7 "The Bright and Dark Side of Staging: Investment Performance and the Varying Motivations of Private Equity Firms"
Publication
Dec, 07 2006
"Venture Capital in Europe" published by Elsevier (edited by CEPRES cooperation partner Prof. G.N. Gregoriou)
Journal of Alternative Investments
Aug, 07 2006
CEPRES Publication in Journal of Alternative Investments: "Private Equity versus Stocks: Do the alternative assets' class risk and return characteristics add value to the portfolio?"
Portfolio Institutionell
Jun, 07 2006
CEPRES Interview with Portfolio Institutionell
Global Finance Conference in Rio de Janeiro 2006
Apr, 12 2006
CEPRES Paper presented at the Global Finance Conference in Rio de Janeiro 2006: "The Bright and Dark Side of Staging"
CepreX
Apr, 07 2006
Journal of Financial Transformation
Mar, 07 2006
CEPRES Publication in Journal of Financial Transformation "On the performance of private equity funds: does market timing matter?"
13th Annual Global Finance Conference 2006 in Rio de Janeiro
Feb, 09 2006
CEPRES technical Working Paper "Projection of Venture Capital Fund Performance: a simulation approach" is accepted for the 13th Annual Global Finance Conference 2006 in Rio de Janeiro
FIRS Conference on Banking, Corporate Finance and Intermediation 2006
Dec, 09 2005
CEPRES Working Paper “Legality and Venture Governance Around the World” is accepted for the second FIRS Conference on Banking, Corporate Finance and Intermediation to be held in Shanghai from June 1-3, 2006