Research

Working Papers

“Are Direct Lenders More Like Banks or Arm's-Length Investors?”

• Revise and Resubmit at Journal of Financial Economics

• Featured in Financial Times

"Venture Capital Start-up Selection"

• Revise and Resubmit at Management Science

• Coauthor: Steven Kaplan

“The Lending Technology of Direct Lenders in Private Credit”

• Coauthors: Dasol Kim and Amir Sufi

“Private Credit at Scale: Evidence from US Regulatory Data" (draft coming soon)

• Coauthors: Dasol Kim and Amir Sufi

“Indirect Credit Supply: How Bank Lending to Private Credit Shapes Monetary Policy Transmission”

• Coauthors: Sharjil Haque and Jessie Jiaxu Wang

"Valuation Discipline in Private Credit"

• Coauthor: Ginha Kim

"Direct Lenders and Financial Stability"

• Coauthor: Samuel Rosen

"Private Equity and Corporate Borrowing Constraints: Evidence from Loan Level Data"

• Coauthors: Sharjil Haque and Simon Mayer

Work in Progress

"Venture Capital and Customer Capital"

• Coauthor: Martin Aragoneses and Amir Sufi

Publications

“A Survey of Private Debt Funds”

• Coauthors: Joern Block, Steven Kaplan, and Anna Schulze

• The Review of Corporate Finance Studies (2024)