Research

Publications

“A Survey of Private Debt Funds”

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

• Review of Corporate Finance Studies (2024)

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

• Forthcoming at Journal of Financial Economics

• Featured in Financial Times

Working Papers

"Venture Capital Start-up Selection"

• Revise and Resubmit at Management Science

• Coauthor: Steven Kaplan

"Venture Capital and Customer Capital"

• Coauthors: Martin Aragoneses and Amir Sufi

"Credit Lines With(out) Deposits"

• Coauthor: Thomas Flanagan

"Reshuffling of Human Capital in Financial Intermediation"

• Coauthors: Vrinda Mittal and Zirui Song

"How Equity Financing Relaxes Borrowing Constraints: Evidence from Private Equity"

• Coauthors: Sharjil Haque and Simon Mayer

“The Lending Technology of Direct Lenders in Private Credit”

• Coauthors: Dasol Kim, Amir Sufi, and Xiangyu Chen

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

• Coauthors: Sharjil Haque and Jessie Jiaxu Wang

"Information Asymmetry and Valuation Intermediation in Private Credit"

• Coauthor: Ginha Kim