Table 6 Descriptive statistics N Mean sd...

Table 6

Descriptive statistics

	N	Mean	sd	p1	p25	p50	p75	p99
FR1	1,050	1.05	0.22	0.40	1.00	1.00	1.13	1.71
FR2	1,041	−0.03	0.21	−0.60	−0.12	−0.02	0.05	0.57
ESG_GP	1,050	0.36	0.27	0.03	0.14	0.27	0.57	0.95
ESG_LP	651	0.32	0.24	0.00	0.15	0.29	0.44	1.00
RET	1,050	1.85	0.88	0.76	1.36	1.65	2.00	5.76
AGE	1,050	25.93	17.21	4.00	16.00	23.00	34.00	88.00
GP_SIZE	1,050	7.40	2.91	1.00	7.00	8.00	9.00	10.00
LISTED	1,050	0.04	0.20	0.00	0.00	0.00	0.00	1.00
WOMEN	1,050	0.05	0.22	0.00	0.00	0.00	0.00	1.00
MINORITY	1,050	0.03	0.16	0.00	0.00	0.00	0.00	1.00
VINTAGE	1,050	2,020	1	2,017	2,020	2,020	2,021	2,022
Fund SIZE	1,050	5.58	1.93	0.69	4.55	5.75	6.85	9.68
T BILL	1,050	0.69	1.20	0.00	0.04	0.08	0.81	4.26
S&P500	1,050	0.50	5.83	−12.51	−3.92	2.22	4.36	12.68

	N	Mean	sd	p1	p25	p50	p75	p99
FR1	1,050	1.05	0.22	0.40	1.00	1.00	1.13	1.71
FR2	1,041	−0.03	0.21	−0.60	−0.12	−0.02	0.05	0.57
ESG_GP	1,050	0.36	0.27	0.03	0.14	0.27	0.57	0.95
ESG_LP	651	0.32	0.24	0.00	0.15	0.29	0.44	1.00
RET	1,050	1.85	0.88	0.76	1.36	1.65	2.00	5.76
AGE	1,050	25.93	17.21	4.00	16.00	23.00	34.00	88.00
GP_SIZE	1,050	7.40	2.91	1.00	7.00	8.00	9.00	10.00
LISTED	1,050	0.04	0.20	0.00	0.00	0.00	0.00	1.00
WOMEN	1,050	0.05	0.22	0.00	0.00	0.00	0.00	1.00
MINORITY	1,050	0.03	0.16	0.00	0.00	0.00	0.00	1.00
VINTAGE	1,050	2,020	1	2,017	2,020	2,020	2,021	2,022
Fund SIZE	1,050	5.58	1.93	0.69	4.55	5.75	6.85	9.68
T BILL	1,050	0.69	1.20	0.00	0.04	0.08	0.81	4.26
S&P500	1,050	0.50	5.83	−12.51	−3.92	2.22	4.36	12.68

Note(s): FR1 and FR2 are variables representing fundraising levels, where FR1 is the actual raised amount to the target raised amount. and FR2 is calculated by subtracting the average of FR1 for similar groups(industry, strategy, size, etc.) from FR1. ESG_GP and ESGP_LP are Preqin’s ESG transparency scores, ranging from 0 to 1. RET is the past performance of the GP and AGE is the age of the GP. GP_SIZE is calculated by dividing GP_SIZE into decile portfolio. LISTED is whether the GP is listed, and WOMEN and MINORITY are dummy variables that distinguish whether the CEO of GP is a woman and a minority, respectively. VINTAGE is the vintage of the fund, and Fund SIZE takes the natural logarithm of the fund size. T BILL is the 3-month t-bill rate in the month of closing the fundraising, and S&P500 is the monthly return in the month of closing the fundraising

Source(s): Table by authors

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