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1 Kaplan, S. and Schoar, A. 2005. “Private Equity Performance: Returns, Persistence and Capital Flows,” Journal of Finance, Vol. 60, No. 4.

2 Kinlaw, W., Kritzman, M., and Mao, J. 2015. “The Components of Private Equity Performance,” Journal of Alternative Investments, Vol. 18, No. 2 (Fall).