WorksheetsMGMT FE 247 VC&PE 2025 – Super Saturday Quiz Show #2
Total questions: 10
Worksheet time: 10mins
“New Insights into Private Equity: Empirical Evidence from More Than
500 Buyouts,” Andreas Gruener and Leon Marburger,
The Journal of Portfolio Management (2022)
According to the article, how did private equity performance compare to public equities during the financial crises?
PE underperformed due to higher volatility.
PE outperformed as it was less affected by market swings.
PE performance matched the public equities.
There is no comparative data available.
“New Insights into Private Equity: Empirical Evidence from More Than
500 Buyouts,” Andreas Gruener and Leon Marburger,
The Journal of Portfolio Management(2022)
How did private equity funds' reported returns compare to actual returns, based on the article's findings?
Reported returns are always lower than actual returns.
Reported returns accurately reflect actual returns.
Reported returns tend to be overstated.
Private equity funds don't report returns.
“Public or Private? Determining the Optimal Ownership Structure”
Gregory Brown, Andrea Carnelli Dompé, and Sarah Kenyon,
The Journal of Portfolio Management (2022)
What trend does the article suggest about the size of companies choosing to remain private?
Larger companies are increasingly staying private.
Only small companies choose to stay private.
Mid-size companies are more likely to go public.
There is no clear trend in company size staying private.
“Public or Private? Determining the Optimal Ownership Structure”
Gregory Brown, Andrea Carnelli Dompé, and Sarah Kenyon,
The Journal of Portfolio Management (2022)
What future trend does the article predict for private markets?
A decrease in private market growth.
A shift back towards public markets.
Stabilization with no significant growth or decline.
Expansion of private markets through traditional buyout and venture funding models.
“Association of Private Equity Acquisition of Physician Practices With
Changes in Health Care Spending and Utilization” Singh, et. al. JAMA Health Forum (2022)
How did private equity acquisition impact the total number of encounters in physician practices?
Increased
Decreased
No Change
Unable to tell
“Private Debt: Strategies, Risks, and the Evolving Role in Institutional
Portfolios”
Frank J. Fabozzi, The Journal of Private Markets Investing (October 2025)
Which factor contributed most to the growth of private debt post-GFC?
Tighter bank regulations (e.g., Basel III)
Declining institutional demand
Reduced need for diversification
Increase in Treasury yields
“Private Debt: Strategies, Risks, and the Evolving Role in Institutional
Portfolios”
Frank J. Fabozzi, The Journal of Private Markets Investing (October 2025)
Which is NOT a primary risk in private debt?
Liquidity risk
Credit risk
Valuation risk
Exchange rate risk
“Private Debt: Strategies, Risks, and the Evolving Role in Institutional
Portfolios”
Frank J. Fabozzi, The Journal of Private Markets Investing (October 2025)
Which technology is being explored to improve transparency and automate loan covenants in private debt?
Blockchain
Quantum Computing
Social Media Analytics
Internet-of-Things
“Residual Risk: Benchmarking the Boom in Private Credit”
Jeff Hooke, Xiaohua Hu, and Michael B. Imerman, The Journal of Private Markets Investing (October 2025)
The authors claim that a high proportion of private credit fund performance is being drive by residual value (RVPI). Why do they view this as a potential major risk?
RVPI reflects actual realized returns.
RVPI relies on potentially subjective valuations of illiquid assets.
RVPI ensures higher cash distributions to LPs.
RVPI eliminates benchmark uncertainty
Residual Risk: Benchmarking the Boom in Private Credit”
Jeff Hooke, Xiaohua Hu, and Michael B. Imerman, The Journal of Private Markets Investing (October 2025)
In this article the authors challenge traditional benchmarking practices for private credit funds. Instead of comparing private credit funds to junk bond indexes, what do they compare them to instead?
[SELECT ALL THAT ARE RIGHT!]
S&P 500
Invesco Senior Loan ETF (BKLN)
VanEck IG Floating Rate ETF (FLTR)
Clearwater Direct Lending Index (CDLI)
Treasury Bond Index
