Plausibly Exogenous [1879] - Fund Size (03/26/2025)

LHS Variable
Returns in private equity

RHS Variable
Fund scale

Source of Exogenous Variation
Gifts to universities, which lead to more capital for managers with preexisting relationship

- Bhardwaj, Gupta, Howell, and Zimmerschied (2025), “Does Fund Size Affect Private Equity Performance? Evidence from Donation Inflows to Private Universities”