Hans Lovrek: private equity’s precedent
Private equity’s approach to investment is much older than you think. Hans Lovrek sheds light on how the limited partnership has borrowed the essential features from some timeless approaches to managing risk amid uncertainty, asymmetry and opportunity.
Ross Butler
For more on historical institutionalism http://www2.econ.iastate.edu/tesfatsi/NewInstE.North.pdf
For more on PE’s ancient roots, see Private Equity Unchained, chapter 2, ‘A neo-classical asset class’ https://www.amazon.co.uk/Private-Equity-Unchained-Strategy-Institutional/dp/1137286814
Thomas Schelling and focal points: https://en.wikipedia.org/wiki/Thomas_Schelling
Thomas Meyer: private equity unchained - Fund Shack
[…] Equity Risk Symposium: https://www.sbs.ox.ac.uk/events/risk-management-symposium-2020 Hans Lovrek conversation on the medieval commenda, a precursor to the limited partnership: […]