Reiner Braun is Professor of Entrepreneurial Finance at TUM School of Management, Technische Universität München (TUM) in Germany.
He has held the Chair of Entrepreneurial Finance since 2015 and has been Scientific Director at the Center for Entrepreneurial and Financial Studies (CEFS) at Technische Universität München (TUM) since 2015. He is Academic Program Director of the International Master in Industrial Management at TUM School of Management (TUM). From 2013 to 2015 he was Professor of Entrepreneurial Finance at Friedrich-Alexander University Erlangen-Nürnberg (FAU).
Professor Braun conducts research in the area of entrepreneurial finance with a focus on private equity, venture capital, and behavioral entrepreneurial finance.
He is a member of the Committee “Attractiveness of IPO candidates and their IPO maturity“ of the task force “More IPOs of high- growth companies in Germany“ organized by the Federal Ministry of Economics and Technology (BMWi). He is Founding Partner at Captona Beteiligungsgesellschaft.
He is active in the TU München Alumni Business Angel Network and was a member of the Advisory Board at Wirtschaftswoche Best of Consulting.
The Levered Returns of Leveraged Buyouts: The Impact of Competition (with Nicholas G. Crain and Anna Gerl): In this study, we investigate how credit cycles and competition for buyout targets between private equity funds drive the relationship between deal leverage, pricing, and performance. In a further step, we evaluate the effects of debt on the investment behavior of general partners in the private equity industry.
Peaches or dogs? The performance of private equity co-investments (with Tim Jen- kinson and Christoph Schemmerl): Co-Investments are becoming a significant part of the Private Equity investment landscape. This research project aims at examining whether risk-return profiles of co-investments differ from traditional Private Equity fund investments. Furthermore, potential return drivers such as investment expertise and network relationships are analyzed from various perspectives.
