Beschreibung
This set combines the definitive guide to private equity with its case book companion, providing readers with both the tools used by industry professionals and the means to apply them to real-life investment scenarios.
1) Mastering Private Equity was written with a professional audience in mind and provides a valuable and unique reference for investors, finance professionals, students and business owners looking to engage with private equity firms or invest in private equity funds. From deal sourcing to exit, LBOs to responsible investing, operational value creation to risk management, the book systematically distils the essence of private equity into core concepts and explains in detail the dynamics of venture capital, growth equity and buyout transactions.
With a foreword by Henry Kravis, Co-Chairman and Co-CEO of KKR, and special guest comments by senior PE professionals.
2) Private Equity in Action takes you on a tour of the private equity investment world through a series of case studies written by INSEAD faculty and taught at the worlds leading business schools. The book is an ideal complement toMastering Private Equity and allows readersto apply core concepts to investment targets and portfolio companies in real-life settings. The 19 cases illustrate the managerial challenges and risk-reward dynamics common to private equity investment.
Written with leading private equity firms and their advisors and rigorously tested in INSEAD's MBA, EMBA and executive education programmes, each case makes for a compelling read.
Autorenportrait
Claudia Zeisberger is an INSEAD Senior Affiliate Professor of Decision Sciences and Entrepreneurship and Family Enterprise. She is concurrently the Academic Director of INSEAD's Global Private Equity Initiative (GPEI), one of INSEAD's centers of excellence, which she founded in 2008 to focus the school's capabilities& achievements in Private Equity, increase its visibility and cater to specific industry needs in research and education. At INSEAD, she teaches in the MBA and EMBA programmes as well as in multiple Executive Education courses both in Singapore& in Fontainebleau.
Michael Prahl is Adjunct Professor for Entrepreneurship& Family Enterprise at INSEAD, he is also Executive Director GPEI, oversees all research of the initiative and was instrumental in creating all its recent publications, its database project and outreach activities. His specific research interests are in the areas of risk and return in emerging markets, operational value creation and market entry strategies& portfolio allocation for limited partners.
Bowen White is a Research Associate at GPEI. Bowen's research interests include private equity in emerging markets, the institutionalization of SE Asian financial markets, and project finance. Prior to moving to Singapore in 2009, Bowen spent five years in the New York hedge fund industry in trading and business development roles.
Inhalt
List of Contributors vii
Foreword byHenry R. Kravis,Co-Chairman andCo-CEO of KKR ix
Preface xiii
How to Use This Book xvii
Section I Private Equity Overview 1
Chapter 1 Private Equity Essentials 5
Chapter 2 Venture Capital 19
Chapter 3 Growth Equity 33
Chapter 4 Buyouts 43
Chapter 5 Alternative Strategies 57
Section II Doing Deals in PE 69
Chapter 6 Deal Sourcing& Due Diligence 73
Chapter 7 Target Valuation 87
Chapter 8 Deal Pricing Dynamics 97
Chapter 9 Deal Structuring 109
Chapter 10 Transaction Documentation 121
Section III Managing PE Investments 133
Chapter 11 Corporate Governance 137
Chapter 12 Securing Management Teams 149
Chapter 13 Operational Value Creation 161
Chapter 14 Responsible Investment 173
Chapter 15 Exit 185
Section IV Fund Management and the GPLP Relationship 197
Chapter 16 Fund Formation 201
Chapter 17 Fundraising 215
Chapter 18 LP Portfolio Management 227
Chapter 19 Performance Reporting 241
Chapter 20 Winding Down a Fund 253
Section V The Evolution of PE 263
Chapter 21 LP Direct Investment 267
Chapter 22 Listed Private Equity 279
Chapter 23 Risk Management 289
Chapter 24 Private Equity Secondaries 301
Chapter 25 Evolution of Private Equity 313
Acknowledgments 325
About the Authors 327
Glossary 329
Index 341
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