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Bilge Yilmaz

Bilge Yilmaz, PhD

Wharton Private Equity Professor; Professor of Finance; Academic Director, Harris Family Alternative Investments Program, The Wharton School

Research Interests:Corporate finance, alternative investments, game theory, political economy

About Bilge

Bilge Yilmaz is the Wharton Private Equity Professor and professor of finance at the Wharton School. Prior to his current appointment, he was a faculty member at the Graduate School of Business, Stanford University. He received his first degrees in electrical engineering and physics from Bogaziçi University and his PhD in economics from Princeton University.

Professor Yilmaz's research focuses on corporate finance, alternative investments, and political economy. Recently, he has written on corporate governance, credit rating agencies, hedge funds, private equity, security design, short-selling constraints, corporate bankruptcy, and banks’ internal risk models. His earlier articles appeared in leading academic journals including the top three in the field: Econometrica, American Economic Review, and Journal of Political Economy.

Professor Yilmaz has designed a number of courses in corporate finance and alternative investments. He currently teaches courses on mergers and acquisitions, private equity, corporate bankruptcy, and European financial markets. He also leads the Wharton School’s Joshua J. Harris Alternative Investments Program. Outside of Wharton, he is actively involved in asset management.

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Executive Education Programs Taught

Advanced Finance Program

Accelerate your career by mastering multiple in-demand disciplines within the finance industry. This comprehensive, tailored learning journey takes you through six open-enrollment programs — each led by Wharton’s renowned Finance faculty. Upon completion, you will be granted highly sought-after Wharton alumni status.

Assessing Commercial Real Estate Investments and Markets

Empower yourself with the insight you need to successfully navigate the fluctuating marketplace while confidently adding both domestic and global commercial real estate to your client’s or institution’s investment portfolio. Gain knowledge that helps you assess and mitigate risks and select the right investment partners.

Distressed Asset Investing and Corporate Restructuring

Co-Academic Director

Learn how to assess the long-term value of and investment opportunities in companies that are financially distressed. Become knowledgeable about the integral roles that business managers, professional investors, and banking advisors can play in restructuring corporate debt.

Global CEO Program: A Transformational Journey

This program meets in three non-consecutive weeks in three different countries – CEIBS in Shanghai, China; the Wharton School in Philadelphia; and IESE in Barcelona, Spain. Strengthen your knowledge of new markets, reflect on pressing issues, and broaden your skills as a senior leader.

Investment Strategies and Portfolio Management

Develop investment portfolios that generate the highest return for your level of investment risk. This program provides a solid foundation for building optimal portfolios and effective tools for making better investments.

Private Equity: Investing and Creating Value

Academic Director

Discover how to secure returns that outperform other asset classes by honing your expertise on private equity investments. Delve into the effects of the pandemic; explore current strategies; and leave with the ability to confidently evaluate, structure, and build profitable investments within the private equity space.

Shareholder Activism and Corporate Governance

Co-Academic Director

Learn how corporate boards and C-suite leadership prepare for activist campaigns directed at their company, and discover effective solutions for managing the process when it occurs. Develop the fundamentals for both value investing and value-based management.

Venture Capital

Academic Director

This program will provide participants with a rigorous framework both to evaluate investment opportunities and to manage a multi-stage investment process in an innovative firm. Learn how to evaluate venture capital investment opportunities and do due diligence that will uncover pitfalls and mitigate risk.

Wharton on the Markets

Tremendous volatility in the financial markets has raised anxiety levels among both institutional and individual investors alike. Gain clarity and insight on how to view the investment horizon in the coming months. Wharton Finance faculty discusses topics from investing in stocks and bonds to alternative investments in real estate and private equity.