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Market-Based Solutions to Vital Economic Issues
News & Media
May 13, 2019

Kenan Institute Executive Director Greg Brown Quoted As Private Equity Expert in Wall Street Journal

Kenan Institute Executive Director and Institute for Private Capital Research Director Greg Brown spoke with Wall Street Journal Pro columnist Luis Garcia about what he and other industry observers have noted about investors’ interest in the smoothness of private equity returns. Among other insights, Brown offered, “Private equity funds don’t like to mark things up and they don’t like to mark them down. So, when the market goes down, they look better than they should. And when the market goes up, they look worse than they should.”

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