Private equity investments have, over the last two decades, been the fastest growing market for corporate finance. The increasing importance of private equity has fostered a growing academic literature, which has identified three main sources of entrepreneurial finance: venture capital, angel investors, and corporate investments. Interestingly, the vast majority of papers deal with venture capital investment through private equity funds, whereas few papers have analyzed the two alternative sources of entrepreneurial finance. Moreover, the strong academic focus on venture capital is contrasted by the fact the bulk of private equity holding still remain directly held by investors......
