---
title: Investor Expertise in Private Investments
url: https://www.ml-quant.com/papers/ssrn/4917788/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 4917788
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4917788
featured: 2024-08-07
citations: unknown
topic: Other
---


# Investor Expertise in Private Investments

Professional investors favor venture capital managers with strong past returns, while individual investors prefer those with elite education but less emphasis on past performance, potentially accounting for a 20% return difference between the two groups, according to a limited partners' experiment.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4917788
- Identifier: SSRN 4917788
- Released: 2024-08-06
- First featured: Quant Letter No. 60 (2024-08-07): https://www.ml-quant.com/issues/2024-08-07/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Other

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