Publications

16 Feb 2004
Research & Ideas

European Private Equity—Still a Teenager?

U.S. Buyouts in Europe are more common than early-stage investing; the reverse may be true in the U.S. Phenomena such as multiple buyouts—a buyout of a buyout of a buyout—are... View Details

Keywords: by Martha Lagace; Financial Services

2012
Book

Venture Capital, Private Equity, and the Financing of Entrepreneurship

By: Josh Lerner, Ann Leamon and Felda Hardymon

Venture Capital, Private Equity, and the Financing of Entrepreneurship stems from a realization that private equity overall—defined in this volume as venture capital and buyouts but excluding hedge funds—has become a vastly more sizable and influential part of the... View Details

Keywords: Venture Capital; Private Equity; Financing and Loans; Entrepreneurship

Find at Harvard

Fast Answer

How can I find socially responsible private equity or venture capital funds?

In Preqin: Click on the Search For tab in the menu bar. Click on Funds. Select ESG. In Capital IQ: Screen for Companies. Select Investment Type > PE/VC under Investment/Advisory Firms. Click on Add Criteria. Select Business Descriptions under Company... View Details

21 Jan 2016
News

Private Equity's Golden Age Wasn't So Golden After All

March 2022
Teaching Note

Hollie Haynes: An Unanticipated Crossroads

By: Josh Lerner

Keywords: Private Equity

Fast Answer

Field Course: Private Equity Projects and Ecosystems: Company, Industry, Market and Transaction Research

Research Topics Suggested Resources PrivateEquity - Funds, Firms, Transactions, etc. Pitchbook
... View Details

March 2014
Case

Transforming Tommy Hilfiger (A)

By: Raffaella Sadun, Hanoch Feit, Vaibhav Gujral and Gerard Zouein

At the end of 2005, Tommy Hilfiger is taken private by Apax Partners after years of disappointing performance and strategic impasse. Students are asked to evaluate alternative strategic options for the company, and to propose a concrete turnaround plan for the first... View Details

Keywords: Turnaround; Private Equity; Private Ownership; Diversification; Acquisition; Retail Industry; Apparel and Accessories Industry; United States; Europe

20 Mar 2024

The Value of an MBA in Professional Services: Consulting, Financial Services, and Private Equity

For professionals in the realms of consulting, finance, or private equity or for those aspiring to careers in these areas, we extend an invitation to join a compelling panel discussion featuring HBS students... View Details

September 2004
Teaching Note

Between a Rock and a Hard Place: Valuation and Distribution in Private Equity (TN)

By: G. Felda Hardymon, Josh Lerner and Ann Leamon

Teaching Note to (9-803-161). View Details

Keywords: Valuation; Distribution; Private Equity; Venture Capital; Investment Portfolio; Stocks

30 Aug 2022
News

Here’s More Evidence That Private Equity Managers ‘Inflate’ Fund Values When Raising Money

2025
Working Paper

Sale of Private-Equity Owned Physician Practices and Physician Turnover

By: Leemore S. Dafny, Victoria Berquist and Lev Klarnet

Keywords: Private Equity; Private Equity Exit; Physicians

April 2009 (Revised December 2010)
Case

Equity International: The Second Act

By: Nicolas P. Retsinas, Ben Creo and Ricardo Reisen de Pinho

Thomas McDonald, senior vice president of Equity International (EI), is weighing an investment in the Brazilian homebuilder Gafisa. Was this the right country? The right company? The right co-investor? The right time? McDonald would be investing alongside a Brazilian... View Details

Keywords: Private Equity; Investment; Emerging Markets; Partners and Partnerships; Interests; Brazil

20 Oct 2021
Blog Post

Mobilizing Private Sector Action For Racial Equity in Milwaukee: SE Summer Fellow Zach Komes (MBA 2022)

future involvement in social enterprise? The scale of our racial wealth gap means the private sector must act boldly to advance equity; we need all hands on-deck to make significant, urgent progress towards inclusive prosperity. Luckily,... View Details

September 2020
Case

Blackstone: Crocs Investment

By: Victoria Ivashina, John D. Dionne and Terrence Shu

This case follows Prakash Melwani (HBS MBA '86), CIO of Blackstone's Private Equity Group, and his teams’ investment in the footwear company Crocs. Instead of a traditional secondary offering, Crocs opted for a unique deal structure by taking Blackstone's cash in a... View Details

Keywords: Private Investment In Public Equity; PIPE Deal; Investment; Brands and Branding; Strategy

15 Sep 2020

Life at HBS Chat Series: MBA Students in Venture Capital & Private Equity Club

Hear straight from current HBS students regarding their MBA experience. Students will share their backgrounds and how they have cultivated their personal and professional interests while at HBS. View Details

January 2022 (Revised July 2022)
Case

Hollie Haynes: An Unanticipated Crossroads

By: Josh Lerner, John D. Dionne and Abdul Al-Asaad

Keywords: Private Equity

October 2021
Teaching Note

Apax Partners and Duck Creek Technologies

By: Josh Lerner

Teaching Note for HBS Case No. 221-075. View Details

Keywords: Private Equity

12 Feb 2018
Working Paper Summaries

Private Equity, Jobs, and Productivity: Reply to Ayash and Rastad

Keywords: by Steven J. Davis, John Haltiwanger, Kyle Handley, Ron S. Jarmin, Josh Lerner, and Javier Miranda

January 2010
Article

Does Public Ownership of Equity Improve Earnings Quality?

We compare the quality of accounting numbers produced by two types of public firms-those with publicly traded equity and those with privately held equity that are nonetheless considered public by virtue of having publicly traded debt. We develop and test two... View Details

Keywords: Private Equity; Business Earnings; Public Equity