Abstract: A random -lift of a base graph is its cover graph on the vertices , where for each edge in there is an independent uniform bijection , and has all edges of the form . A main motivation for studying lifts is understanding Ramanujan graphs, and namely whether typical covers of such a graph are also Ramanujan. Let be a graph with largest eigenvalue and let be the spectral radius of its universal cover. Friedman (2003) proved that every "new" eigenvalue of a random lift of is with high probability, and conjectured a bound of , which would be tight by results of Lubotzky and Greenberg (1995). Linial and Puder (2008) improved Friedman's bound to . For -regular graphs, where and , this translates to a bound of , compared to the conjectured . Here we analyze the spectrum of a random -lift of a -regular graph whose nontrivial eigenvalues are all at most in absolute value. We show that with high probability the absolute value of every nontrivial eigenvalue of the lift is . This result is tight up to a logarithmic factor, and for it substantially improves the above upper bounds of Friedman and of Linial and Puder. In particular, it implies that a typical -lift of a Ramanujan graph is nearly Ramanujan.
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