Mastering Private Equity by Zeisberger, Claudia,Prahl, Michael,White, Bowen -- Read -- Imperial Library of Trantor

Index

Cover1 Title Page Copyright List of Contributors Foreword Preface

A Note from Claudia Zeisberger

How to Use This Book Section I: Private Equity Overview

1: Private Equity Essentials

Private Equity Funds Defined The GP Perspective The LP Perspective The Fee Structure and Economics of PE Closing Relevant Case Sudies References and Additional Reading Notes

2: Venture Capital

Venture Capital Defined Start-up Development The Venture Capital Investment Process For the First-time Entrepreneur Closing Relevant Case Studies References and Additional Reading Notes

3: Growth Equity

Growth Equity Defined Growth Equity Targets The Growth Equity Investment Process Minority Shareholder Rights Closing Relevant Case Studies References and Additional Reading Notes

4: Buyouts

Buyouts Defined Leveraged Buyout Funding Management Teams in a Buyout Types of Buyout Transactions Closing References and Additional Reading Notes

5: Alternative Strategies

Distressed Private Equity Real Assets Closing References and Additional Reading Notes

Section II: Doing Deals in PE

6: Deal Sourcing & Due Diligence

Generating Deal Flow Due Diligence Considerations The Due Diligence Process Due Diligence Areas Closing References and Additional Reading Notes

7: Target Valuation

The Valuation Toolkit Venture Capital Growth Equity and Buyouts More on Valuation Multiples Closing References and Additional Reading Notes

8: Deal Pricing Dynamics

Bidding for a Deal Buyout Pricing Adjustments and Closing Mechanisms Post-closing Price Adjustments and Remedies Closing References and Additional Reading Notes

9: Deal Structuring

Buyout Funding Instruments Investment Structures and SPVs Closing Relevant Case Studies References and Additional Reading Notes

10: Transaction Documentation

PE Transaction Documentation Buyout Debt Documentation Equity Documentation Closing References and Additional Reading Notes

Section III: Managing PE Investments

11: Corporate Governance

Sense of Urgency Private Equity as Active Owners Alignment of Interest Closing Relevant Case Studies References and Additional Reading Notes

12: Securing Management Teams

Working with Management Working with PE OWNERS Management Compensation Plans Aligning VC Funds and Entrepreneurs Closing Relevant Case Studies References and Additional Reading Notes

13: Operational Value Creation

The Value Creation Roadmap Resources for Operational Value Creation Measuring Operational Value Creation Closing Relevant Case Studies References and Additional Reading Notes

14: Responsible Investment

Responsible Investment Defined ESG in Today’s PE Industry The Challenge of Measuring Impact Emerging ESG Frameworks ESG in Emerging Markets Closing Relevant Case Studies References and Additional Reading Notes

15: Exit

Exit Considerations Preparation for Sale—Exit Shaping Exit Paths Closing Relevant Case Studies References and Additional Reading Notes

Section IV: Fund Management and the GP–LP Relationship

16: Fund Formation

Setting up a PE Fund Fund Vehicles Limited Partnership Agreement Closing Relevant Case Studies References and Additional Reading Notes

17: Fundraising

The GP Fundraising Process Fundraising Documentation The Fundraising Roadmap Closing Relevant Case Studies References and Additional Reading Notes

18: LP Portfolio Management

Deciding on an Allocation to PE Portfolio Construction Considerations PE Fund Manager Selection Managing an Existing PE Portfolio Closing Relevant Case Studies References and Additional Reading Notes

19: Performance Reporting

Interim Fund Performance The IRR Conundrum Closing Relevant Case Studies References and Additional Reading Notes

20: Winding Down a Fund

Liquidating a PE Fund End-of-Fund-Life Options Zombie Funds Closing References and Additional Reading Notes

Section V: The Evolution of PE

21: LP Direct Investment

Going Direct Attractions of Co-investing Risks of Co-investing Implementation Challenges Going Direct Closing References and Additional Reading Notes

22: Listed Private Equity

Listed PE Firms Listed PE Funds Closing Relevant Case Studies References and Additional Reading Notes

23: Risk Management

Asset Class Risk Portfolio Risk Fund Manager Risk Direct Investment Risk Risk Management for GPs Closing Relevant Case Studies References and Additional Reading Notes

24: Private Equity Secondaries

Main Transaction Types Deal Structuring Executing Secondaries Transactions Closing Relevant Case Studies References and Additional Reading Notes

25: Evolution of Private Equity

PE–How We Got Here PE—Can it Remain Attractive? Private Equity—Quo Vadis Notes

Acknowledgments About the Authors Glossary Index EULA

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