Retail Investors in Private Assets (RIPA) Working Group

Private Equity · Private Credit · Household Access
Overview Fall 2025 Spring 2026 Reading List

Core Reading List

Session 1: How Do Households Access Financial Markets Today?
Exchange traded funds (ETFs)
Ben-David, Franzoni, Moussawi
Annual Review of Financial Economics (2017)
Mutual funds in equilibrium
Berk, van Binsbergen
Annual Review of Financial Economics (2017)
Demand-side and Supply-side Constraints in the Market for Financial Advice
Reuter, Schoar
Annual Review of Financial Economics (2024)
Conflicts of interest in asset management and advising
Spatt
Annual Review of Financial Economics (2020)
Session 2: What are "Private Markets" Anyway?
Private Equity Fund Bargaining: What We Know (and Don't Know)
Clayton
Elgar Research Handbook (forthcoming)
Private or public equity? The evolving entrepreneurial finance landscape
Ewens, Farre-Mensa
Annual Review of Financial Economics (2022)
Buyouts: A primer
Jenkinson, Kim, Weisbach
Handbook of Corporate Finance (2023)
How do venture capitalists make decisions?
Gompers, Gornall, Kaplan, Strebulaev
Journal of Financial Economics (2020)
Risk and return in private equity
Korteweg
Handbook of Corporate Finance (2023)
Risk adjustment in private equity returns
Korteweg
Annual Review of Financial Economics (2019)
Session 3: What Do Households Actually See?
Understanding private equity funds: A guide to PE research in accounting
Borysoff, Mason, Utke
Journal of Financial Reporting (2024)
Private equity fund reporting quality, external monitors, and third-party service providers
Easton, Larocque, Mason, Utke
The Accounting Review (2025)
Session 4: How Do Households Make Portfolio Decisions?
Household finance
Gomes, Haliassos, Ramadorai
Journal of Economic Literature (2021)
Asset allocation with private equity
Korteweg, Westerfield
Foundations and Trends in Finance (2022)
Session 5: Who's Watching?
Expanding retail access to private markets: Regulatory developments and industry trends
Norton Rose Fulbright
Global Asset Management Review (2025)
Session 1: How Do Households Access Financial Markets Today?
Exchange traded funds (ETFs)
Ben-David, Franzoni, Moussawi
Annual Review of Financial Economics (2017)
Mutual funds in equilibrium
Berk, van Binsbergen
Annual Review of Financial Economics (2017)
Demand-side and Supply-side Constraints in the Market for Financial Advice
Reuter, Schoar
Annual Review of Financial Economics (2024)
Conflicts of interest in asset management and advising
Spatt
Annual Review of Financial Economics (2020)
Session 2: What are "Private Markets" Anyway?
Private Equity Fund Bargaining: What We Know (and Don't Know)
Clayton
Elgar Research Handbook (forthcoming)
Private or public equity? The evolving entrepreneurial finance landscape
Ewens, Farre-Mensa
Annual Review of Financial Economics (2022)
Buyouts: A primer
Jenkinson, Kim, Weisbach
Handbook of Corporate Finance (2023)
How do venture capitalists make decisions?
Gompers, Gornall, Kaplan, Strebulaev
Journal of Financial Economics (2020)
Risk and return in private equity
Korteweg
Handbook of Corporate Finance (2023)
Risk adjustment in private equity returns
Korteweg
Annual Review of Financial Economics (2019)
Session 3: What Do Households Actually See?
Understanding private equity funds: A guide to PE research in accounting
Borysoff, Mason, Utke
Journal of Financial Reporting (2024)
Private equity fund reporting quality, external monitors, and third-party service providers
Easton, Larocque, Mason, Utke
The Accounting Review (2025)
Session 4: How Do Households Make Portfolio Decisions?
Household finance
Gomes, Haliassos, Ramadorai
Journal of Economic Literature (2021)
Asset allocation with private equity
Korteweg, Westerfield
Foundations and Trends in Finance (2022)
Session 5: Who's Watching?
Expanding retail access to private markets: Regulatory developments and industry trends
Norton Rose Fulbright
Global Asset Management Review (2025)