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PODCAST: Is this the most dangerous man in private equity?

Professor Ludovic Phalippou of Oxford University says GPs must accept that some elements of the PE model are not working so well for LPs. Is he a threat to the industry or its saviour?

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Ludovic Phalippou Oxford University
Ludovic Phalippou

Private equity has consistently outperformed many public markets, but only if you pick the indices that help you tell that story. There are plenty that haven’t.

That’s the view of Ludovic Phalippou, professor of financial economics at Oxford University’s Saïd Business School. In this 18-minute podcast, the author of Private Equity Laid Bare discusses what he sees as the industry’s greatest pitfalls and why greater transparency in fee reporting and performance will help LPs and GPs alike.

“You cannot have a sustainable industry if you hide things, if the public opinion is against you,” Phalippou says. Private equity does have a role to play in society, but GPs must accept that some things are not working so well for LPs. If they don’t, he warns, it could come back to bite them.