Private equity diversity and talent: do they matter for acquisitive growth?

Jelic, R., Yu, X. and Zhou, D. ORCID: https://orcid.org/0000-0003-4238-0526 (2025) Private equity diversity and talent: do they matter for acquisitive growth? Entrepreneurship Theory and Practice. ISSN 1540-6520 doi: 10.1177/10422587251385536

Abstract/Summary

Building on the strategic entrepreneurship perspective and upper echelon theory, we examine the importance of private equity (PE) functional human capital and socio-demographic diversity for the success of the acquisitive growth strategy. Our focus is on the buyout lead partner team (LPT) rather than on human capital at the collective PE firm (or fund) level. The results of our panel data survival models suggest that gender and age diversity, as well as the financial background, significantly accelerate both first and subsequent add-on acquisitions. The results are robust to alternative proxies, model specifications and endogeneity checks.

Item Type	Article
URI	https://centaur.reading.ac.uk/id/eprint/124742
Identification Number/DOI	10.1177/10422587251385536
Refereed	Yes
Divisions	Henley Business School > Finance and Accounting
Uncontrolled Keywords	Entrepreneurship, Human capital diversity, Private equity, Acquisitive growth
Publisher	SAGE Publications
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