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Complexity, capital calls, and illiquidity are among the challenges investors face to reap potential rewards.

David hsuRobert harrisSampsa samilaRamana nandaRuediger stuckeOlav sorensonBrian chingonoTim jenkinsonSteven kaplanDan rasmussenEmpirical research on private equity performancePrivate equityEquity performanceVenture capitalPersistent effectInitial success