Selecting the appropriate strategies for innovation financing in private equity funds

Document Type : Original Article

Authors

1 Associate Professor-Finance and Banking Department-Management and Accounting Faculty-Allameh Tabatabaee University-Tehran-Iran

2 Assistant Professor- Finance and Banking Department,-Management and Accounting Faculty- Allameh Tabatabaei University-Tehran-Iran

3 Postgraduate of Master of Finance-Finance and Banking Department- Management and Accounting Faculty-Allameh Tabatabaei university- Tehran-Iran

Abstract

In order to improve productivity, competitiveness and support the financing of the private sector, this study seeks to select appropriate strategies of venture capital and private equity funds as one of the new financial institutions in financing private companies with a significant amount of resources under management in Iran. In this research, focusing on the various stages of the life cycle of these funds, including four stages of fundraising, investing, managing and monitoring and exit, various strategies of private equity funds including venture capital funds, growth equity funds, leverage buyout funds and distressed funds have been examined. In this regard, by studying the background of the research as well as available samples, first, the common strategies at each stage of the life cycle of these funds are defined and the questions of the questionnaire are designed using the Delphi method and finally considered by the experts in the form of a structured questionnaire. After analyzing the data through statistical tests, appropriate strategies with the ruling conditions of this fledgling financial institution in the country during the four stages of the life cycle, including fundraising, investing, managing and monitoring and exit explained.

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References

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History

  • Receive Date: 16 March 2021
  • Revise Date: 24 June 2021
  • Accept Date: 27 June 2021

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