プライベート資本市場におけるリミテッド・パートナーシップのマッチングにパネルネットワーク形成モデルを適用する
Yuanyuan Shang1, Philip Leifeld2
1Preqin Ltd., 10 Bressenden Pl, London, SW1E 5DH UK.
Abstract:
In private capital investment, limited partners (LPs) and general partners (GPs) frequently encounter the challenge of finding suitable counterparts amid limited information, a process often hindered by market inefficiencies. This article addresses this issue by exploring the micro-level mechanisms that shape private capital networks, employing temporal exponential random graph models. Our findings uncover activity and popularity effects, persistence mechanisms, and homophily in preferences concerning region, strategy, and industry. These factors jointly shape the dynamically evolving network structure across asset classes and the hybrid network with all asset classes, revealing a shared network formation process. This article offers practical insights into the matching problem within the private capital market.
関連する概念動画
Equity Theory
Relationship Formation


