The definitive guide to private equity for investors and finance professionals 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.
This book combines insights from leading academics and practitioners and was carefully structured to offer: * A clear and concise reference for the industry expert * A step-by-step guide for students and casual observers of the industry * A theoretical companion to the INSEAD case book Private Equity in Action: Case Studies from Developed and Emerging Markets Features guest comments by senior PE professionals from the firms listed below: * Abraaj Adams Street Partners Apax Partners Baring PE Asia Bridgepoint The Carlyle Group Coller Capital Debevoise & Plimpton LLP FMO Foundry Group Freshfields Bruckhaus Deringer General Atlantic ILPA Intermediate Capital Group KKR Capstone LPEQ Maxeda Navis Capital Northleaf Capital Oaktree Capital Partners Group Permira Terra Firma
Mastering Private Equity: Transformation via Venture Capital, Minority Investments and Buyouts
CONTENTS List of Contributors Foreword Preface How to Use This Book Section I Private Equity Overview Chapter 1 Private Equity Essentials Chapter 2 Venture Capital Chapter 3 Growth Equity Chapter 4 Buyouts Chapter 5 Alternative Strategies Section II Doing Deals in PE Chapter 6 Deal Sourcing and Due Diligence Chapter 7 Target Valuation Chapter 8 Deal Pricing Dynamics Chapter 9 Deal Structuring Chapter 10 Transaction Documentation Section III Managing PE Investments Chapter 11 Corporate Governance Chapter 12 Securing Management Teams Chapter 13 Operational Value Creation Chapter 14 Responsible Investment Chapter 15 Exit Section IV Fund Management and the GP LP Relationship Chapter 16 Fund Formation Chapter 17 Fundraising Chapter 18 LP Portfolio Management Chapter 19 Performance Reporting Chapter 20 Winding Down a Fund Section V The Evolution of PE Chapter 21 LP Direct Investment Chapter 22 Listed Private Equity Chapter 23 Risk Management Chapter 24 Private Equity Secondaries Chapter 25 Evolution of Private Equity Acknowledgments About the Authors Glossary Index