Ludovic Phalippou

Ludovic Phalippou

Professor of Financial Economics


Saïd Business School
University of Oxford
Park End Street
Oxford
OX1 1HP

Profile

Ludovic specialises in private equity and asset management.

Ludovic is the author of the bestseller 'Private Equity Laid Bare', and professor of Financial Economics at Saïd Business School, University of Oxford. He specialises in private market investments with a focus on fee tracking, interest alignment, and return benchmarking.

Named as one of “The 40 Most Outstanding Business School Profs Under 40 in the World” in 2014, and as one of the 20 most influential individuals in private equity in Europe in 2016, Ludovic has strong links with senior practitioners in the industry, routinely speaks at practitioner conferences, and appears in the media internationally. Ludovic’s research papers have been widely cited in academia, in the press, and in regulatory circles.

Ludovic's paper 'How alternative are private markets?' is one of three 2018 recipients of the Jack Treynor Prize, sponsored by the Q-Group. The Treynor Prize recognises superior academic working papers with potential applications in the fields of investment management and financial markets.  

Ludovic achieved a degree in Economics from Toulouse School of Economics; a Master in Economics and a Master in Mathematical Finance both from the University of Southern California; and a PhD in Finance from INSEAD.

Read Ludovic's CV.

Find out more about Ludovic's work, visit his personal website.

Research

Ludovic focuses on the areas of private equity that are of interest to investors and potential investors in that asset class.

These include risk management, liquidity and measurement of returns. His deep interest in the concerns facing professionals across the world is reflected in his teaching and research.

He has strong links with senior practitioners in the industry, routinely speaks at practitioner conferences, and appears in the media internationally (including The Economist, Financial Times, New York Times).

Publications

Private equity portfolio company fees(opens in new window)

Journal article  |  JOURNAL OF FINANCIAL ECONOMICS  | 
  • Ludovic Phalippou,
  • Christian Rauch,
  • Marc Umber
Finance
  • Andrew Ang,
  • Bingxu Chen,
  • William N Goetzmann,
  • Ludovic Phalippou
Finance

The importance of size in private equity: Evidence from a survey of limited partners(opens in new window)

Journal article  |  JOURNAL OF FINANCIAL INTERMEDIATION  | 
  • Marco Da Rin,
  • Ludovic Phalippou
Finance

On secondary buyouts(opens in new window)

Journal article  |  JOURNAL OF FINANCIAL ECONOMICS  | 
  • Francois Degeorge,
  • Jens Martin,
  • Ludovic Phalippou
Finance

Acquiring Acquirers(opens in new window)

Journal article  |  REVIEW OF FINANCE  | 
  • Ludovic Phalippou,
  • Fangming Xu,
  • Huainan Zhao
Finance
See more publications

Engagement

Ludovic’s thinking attracts the attention of the professional investment communities.

He is engaged actively in the professional world of asset management and his work is deeply rooted in practice. He regularly connects with practitioners, using the development of theory and practice in order to impact on practice in the sector.

International consultancy is a key aspect of Ludovic’s work. Recent projects include advising Pennsylvania Treasury on the state pension funds, Blackrock Investment Institute on modelling and forecasting returns in private markets.

His research has been cited in a wide range of publications, including the New York Times, the Financial Times, The EconomistPensions and Investments, Euromoney, the Wall Street Journal and BBC World radio.

Teaching

Ludovic has an informal and provocative approach to teaching, yet deeply tied to academic research and rigour.

He challenges students to think deeply and question their preconceptions. Many of his classes include question-and-answer sessions because he provokes searching questions from students which he addresses by drawing on his deep understanding of practice. Overall, it is a pragmatic approach aimed to shake up expectations and stimulate the students with memorable ideas.

Ludovic uses role plays, newspaper articles and case studies to focus his teaching on the developments and issues that confront practitioners. He also brings in exceptional guest speakers who are all experienced professionals who reflect the broad spectrum of perspectives. His teaching approach is therefore dynamic and very much applied to practice.

Ludovic teaches the following courses at Saïd Business School:

  • Private Equity for the MFE and MBA programmes
  • Asset Management for the MFE and MBA programmes
  • Private Equity for the EMBA programme.
  • Various Executive education programmes

Student feedback on Ludovic's teaching

He has a good pedagogical method, pushes us to think critically, and embodies everything that an outstanding Oxford professor should be.

Social media

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