Český finanční a účetní časopis 2025(3)

Metodologické přístupy k analýze rolí Private Equity a Sovereign Wealth Funds v době krize

Long Hoang Pham

Vysoká škola ekonomická

This article examines the relationship between private equity (PE) and sovereign wealth funds (SWFs), two major players in global financial markets whose interaction has been gaining momentum in recent years. Based on literature research and methodological review, it shows that private equity is characterized by cyclicality and high sensitivity to macroeconomic conditions, while sovereign wealth funds have a long-term investment horizon and the ability to act countercyclically. In times of crisis, SWFs can thus play the role of a stabilizing element, both through investments in private equity funds and through direct acquisitions and co-investments. At the same time, the article highlights the methodological challenges associated with research on this issue, especially the lack of transparent data and the problem of endogenity, and points out the importance of combining quantitative and qualitative approaches. The discussion confirms the ambivalent nature of the relationship between PE and SWF, which on the one hand brings stability and long-term capital, and on the other hand raises questions of political motivations, transparency and geopolitical risks. Finally, the article offers a framework for further research and highlights the practical implications for investors and economic policymakers.

Keywords: Private equity, sovereign wealth funds, financial crisis, methodology, financial management

Published: December 28, 2025  Show citation