Biography
Ludovic Phalippou, PhD, is a professor of financial economics at Oxford's Said Business School, author of the book Private Equity Laid Bare, and podcast host. He is recognized as one of the "40 Most Outstanding Business School Profs Under 40 In The World" by Poets&Quants (2014). His widely cited research appears in leading academic journals and media including The Financial Times. He collaborates with major investors Norway Fund and Dutch pension funds. Phalippou developed a big data-driven private equity index with JP Morgan and has led private market research at Blackrock. At Oxford, he teaches courses on wealth management, valuation, and private equity, and has created several executive programs including an online course on private markets.
Is IRR misleading investors? Discover the flaws in traditional performance measures and how solutions like NAV-to-NAV IRR can offer a clearer view of private market returns.
How does the internal rate of return (IRR) work and why do investors need to be careful not to view the metric as an equivalent measure to a rate of return on investments?
What makes most investors believe that private capital funds are such clear outperformers? The use of since-inception internal rate of return (IRR) as the industry’s preferred performance metric and the media’s coverage of the sector are to blame.