International Investments in Private Equity

International Investments in Private Equity
Author: Peter Klaus Cornelius
Publsiher: Academic Press
Total Pages: 328
Release: 2011-02-17
ISBN 10: 9780123785824
ISBN 13: 0123785820
Language: EN, FR, DE, ES & NL

International Investments in Private Equity Book Review:

How can private equity investors exploit investment opportunities in foreign markets? Peter Cornelius uses a proprietary database to investigate and describe private equity markets worldwide, revealing their levels of integration, their risks, and the ways that investors can mitigate those risks. In three major sections that concentrate on the risk and return profile of private equity, the growth dynamics of discrete markets and geographies, and opportunities for private equity investments, he offers hard-to-find analyses that fill knowledge gaps about foreign markets. Observing that despite the progressive dismantling of barriers investors are still home-biased, he demonstrates that a methodical approach to understanding foreign private equity markets can take advantage of the macroeconomic and structural factors that drive supply and demand dynamics in individual markets. Foreword by Josh Lerner Teaches readers how to investigate and analyze foreign private equity markets Forecasts private equity investment opportunities via macroeconomic and structural factors in individual markets Draws on data from a proprietary database covering 250 buyout and VC funds and 7,000 portfolio companies.

International Private Equity

International Private Equity
Author: Eli Talmor,Florin Vasvari
Publsiher: John Wiley & Sons
Total Pages: 764
Release: 2011-06-24
ISBN 10: 9781119973881
ISBN 13: 1119973880
Language: EN, FR, DE, ES & NL

International Private Equity Book Review:

Bringing a unique joint practitioner and academic perspective to the topic, this is the only available text on private equity truly international in focus. Examples are drawn from Europe the Middle East, Africa and America with major case studies from a wide range of business sectors, from the prestigious collection of the London Business School’s Coller Institute of Private Equity. Much more than a simple case book, however, International Private Equity provides a valuable overview of the private equity industry and uses the studies to exemplify all stages of the deal process, and to illustrate such key topics as investing in emerging markets; each chapter guides the reader with an authoritative narrative on the topic treated. Covering all the main aspects of the private equity model, the book includes treatment of fund raising, fund structuring, fund performance measurement, private equity valuation, due diligence, modeling of leveraged buyout transactions, and harvesting of private equity investments.

Corporate Governance and Responsible Investment in Private Equity

Corporate Governance and Responsible Investment in Private Equity
Author: Simon Witney
Publsiher: Cambridge University Press
Total Pages: 250
Release: 2021-01-07
ISBN 10: 110848588X
ISBN 13: 9781108485883
Language: EN, FR, DE, ES & NL

Corporate Governance and Responsible Investment in Private Equity Book Review:

Private equity-backed businesses are increasingly prevalent, and their governance practices are a black box. This book lifts the lid.

Private Equity in Emerging Markets

Private Equity in Emerging Markets
Author: D. Klonowski
Publsiher: Springer
Total Pages: 301
Release: 2012-09-24
ISBN 10: 1137309431
ISBN 13: 9781137309433
Language: EN, FR, DE, ES & NL

Private Equity in Emerging Markets Book Review:

This collected edition captures the essence of private equity development in emerging markets, examining the evolution of the private equity industry as well as exit opportunities, financial performance, and anticipated future trends. It also discusses the 'hands-on' aspects of private equity investing in emerging markets.

Funds

Funds
Author: Matthew Hudson
Publsiher: John Wiley & Sons
Total Pages: 360
Release: 2014-04-24
ISBN 10: 1118790383
ISBN 13: 9781118790380
Language: EN, FR, DE, ES & NL

Funds Book Review:

Investment funds are the driving force behind much global private economic development, and yet the world of investment funds can be complex and confusing. Funds: Private Equity, Hedge and All Core Structures is a practical introductory guide to the legal and commercial context in which funds are raised and invest their money, with examinations of the tax and regulatory background, and an analysis of the key themes and trends that the funds industry face following the financial crisis. The book looks at asset classes, investor return models, the commercial and legal pressures driving different structures and key global jurisdictions for both fund establishment and making investments. It also contains a comprehensive analysis of fund managers, from remuneration, best practice through to regulation. The book is written for readers from all backgrounds, from students or newcomers to the industry to experienced investors looking to branch out into alternative asset classes, or existing asset managers and their advisers wanting to know more about the structures elsewhere within the industry.

Private Equity in China The struggle for China s private equity market supremacy between foreign and domestic market participants

Private Equity in China  The struggle for China s private equity market supremacy between foreign and domestic market participants
Author: Johannes Gmeiner
Publsiher: GRIN Verlag
Total Pages: 24
Release: 2018-09-04
ISBN 10: 3668790191
ISBN 13: 9783668790193
Language: EN, FR, DE, ES & NL

Private Equity in China The struggle for China s private equity market supremacy between foreign and domestic market participants Book Review:

Seminar paper from the year 2016 in the subject Economics - International Economic Relations, grade: 1,3, University of Würzburg, language: English, abstract: 2014 has been a year for the record books concerning private equity. Global investment exits through initial public offerings accumulated two trillion US dollar and about 500 billion US dollar have been collected in private equity funds for future investments. These impressive numbers show how important private equity has become in the international financial sector and China has evolved to one of the biggest private equity markets in the world. This raises the question of who is in power in the Chinese market? Giants like Goldman Sachs, Blackstone or Carlyle dominate the international market. So how are the domestic Chinese private equity firms doing? When China first heard of private equity in the early-1990s, it was already one of the biggest investment markets in the West, mainly in America. Hence, American companies had nearly no competitors in China and made fortunes in this recently opened market. Nevertheless, domestic firms developed quickly and challenged foreign companies to a duel. This paper will be divided into two parts, firstly it will show the development of Chinese and foreign private equity companies and their shares on the Chinese market. The second part then will try to give an impression on possible reasons for the mentioned development. There won’t be any further explanations about private equity given in this paper, only if they are needed for deeper understanding of the context. However specific knowledge about private equity will not be needed since it won’t discuss specific features of it in detail. The aim of this paper is to answer the questions about how the market developed and the possible reasons for this.

Private Equity in Action

Private Equity in Action
Author: Claudia Zeisberger,Michael Prahl,Bowen White
Publsiher: John Wiley & Sons
Total Pages: 348
Release: 2017-08-07
ISBN 10: 1119328020
ISBN 13: 9781119328025
Language: EN, FR, DE, ES & NL

Private Equity in Action Book Review:

Global Best Practice in Private Equity Investing 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 world's leading business schools. The book is an ideal complement to Mastering Private Equity and allows readers to 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. The case studies in this book cover the full spectrum of private equity strategies, including: Carve-outs in the US semiconductor industry (LBO) Venture investing in the Indian wine industry (VC) Investing in SMEs in the Middle East Turnaround situations in both emerging and developed markets 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. As one of the world's leading graduate business schools, INSEAD offers a global educational experience. The cases in this volume leverage its international reach, network and connections, particularly in emerging markets. Private Equity in Action is the companion to Mastering Private Equity: Transformation via Venture Capital, Minority Investments & Buyouts, a reference for students, investors, finance professionals and business owners looking to engage with private equity firms. From deal sourcing to exit, LBOs to responsible investing, operational value creation to risk management, Mastering Private Equity systematically covers all facets of the private equity life cycle.

Merchants of Enterprise

Merchants of Enterprise
Author: Miriam Varadi
Publsiher: Carswell Legal Publications
Total Pages: 188
Release: 2009
ISBN 10: 9780779819409
ISBN 13: 0779819403
Language: EN, FR, DE, ES & NL

Merchants of Enterprise Book Review:

Private Equity

Private Equity
Author: Douglas Cumming
Publsiher: John Wiley and Sons
Total Pages: 608
Release: 2009-12-31
ISBN 10: 9780470579558
ISBN 13: 0470579552
Language: EN, FR, DE, ES & NL

Private Equity Book Review:

A comprehensive look at the private equity arena With private equity differing from other asset classes, it requires a whole new approach for those trained in more traditional investments such as stocks and bonds. But with the right guidance, you can gain a firm understanding of everything private equity has to offer. This reliable resource provides a comprehensive view of private equity by describing the current state of research and best practices in this arena. Issues addressed include the structure of private equity funds and fundraising, the financial and real returns of private equity, and the structure of private equity investments with investees, to name a few. Discusses the role of private equity in today's financial environment Provides international perspectives on private equity Details the regulation of private equity markets Filled with in-depth insights and expert advice, this book will provide you with a better understanding of private equity structures and put you in a better position to measure and analyze their performance.

Private Equity Critical analysis from the points of view of investors and target companies

Private Equity  Critical analysis from the points of view of investors and target companies
Author: Henning Wenzel
Publsiher: GRIN Verlag
Total Pages: 32
Release: 2016-02-19
ISBN 10: 366815600X
ISBN 13: 9783668156005
Language: EN, FR, DE, ES & NL

Private Equity Critical analysis from the points of view of investors and target companies Book Review:

Seminar paper from the year 2013 in the subject Business economics - Investment and Finance, grade: 1,7, University of applied sciences, Cologne, course: International Investment & Controlling, language: English, abstract: Private Equity plays an increasingly important role in the financing of a wide range of businesses. Over the past 20 years, private equity has been on of the fastest growing markets for corporate finance. One of the reasons the private equity industry exist is that, in many cases, companies have needs for capital which, for various reasons, cannot be met from the public markets. Investors that provide capital to private equity funds invest in an asset class that entails relatively high-risk and high illiquidity in what remains a largely unregulated market. Planning how to exit an investment is just as important as preparing to make one because a merger adds value only if synergy, better management, or other changes make the two firms worth more together than apart. The target companies are supported with accountants, lawyers, investment bankers and other specialists. Especially Start-up companies are often characterised by negative cash flows and demand high investments. PE gives the chance to reduce the financial gap between selffinancing and stock exchange listing and can also help to improve the equity ratio. Another advantage of PE for target companies is the increase of equity and an improved balance sheet structure. Regarding to that, the negotiating position is strengthened towards creditors, the credit rating is improved and the financial room for investments increases. The main disadvantage of PE for target companies is the weakened influence of the initial shareholders. Especially different strategically views between those two groups might be difficult to solve. Due to the fact of the high risk, from the investors’ perspective, PE is a very interesting form of investment. Especially under diversification aspects the investment in PE funds make sense, because the investors offer investment opportunities that can not be replicated in the financial market and on top of that have a low correlation with other asset class. The firms standard practice of buying businesses and then, after steering them through a transition of rapid performance improvement and selling them is at the core of private equity’s success.

J Curve Exposure

J Curve Exposure
Author: Pierre-Yves Mathonet,Thomas Meyer
Publsiher: John Wiley & Sons
Total Pages: 476
Release: 2008-07-31
ISBN 10: 9780470723401
ISBN 13: 0470723408
Language: EN, FR, DE, ES & NL

J Curve Exposure Book Review:

Building on the success of the author’s previous book Beyond the J Curve:Managing a Portfolio of Venture Capital and Private Equity Funds, this work covers new and additional material and offers advanced guidance on the practical questions faced by institutions when setting up and managing a successful private equity investment programme. Written from the practitioner’s viewpoint, the book offers private equity and venture capital professionals an advanced guide that will make high return targets more realistic and sustainable. Factors that can sometimes cause institutions to shy away from venture capital are the industry’s opaque track record, unclear valuations and risks, perceived lack of transparency as well as the significant entry barriers to overcome before tangible results show. These issues are all addressed in details with practical solutions to the problems. Among other topics J-Curve Exposure includes discussions of: Experiences with the adoption of the International Private Equity and Venture Capital Valuation Guidelines to address fair value under IFRS. Approaches for splitting and prioritizing distributions from private equity funds. Techniques for track record analysis and other tools to help limited partners in their due diligence. Approaches to dealing with uncertainty, the relevance of real options, and co-investments and side funds as advanced portfolio management techniques. Questions related to limited partner decision making fallacies and how to manage portfolios of VC funds. Securitization backed by portfolios of investments in private equity funds. Real life case studies illustrate the issues relevant for the practitioner.

Private Equity Investing in Emerging Markets

Private Equity Investing in Emerging Markets
Author: Roger Leeds
Publsiher: Palgrave Macmillan
Total Pages: 308
Release: 2015-02-10
ISBN 10: 9781137435347
ISBN 13: 1137435348
Language: EN, FR, DE, ES & NL

Private Equity Investing in Emerging Markets Book Review:

In Private Equity Investing in Emerging Markets, Roger Leeds illustrates how private equity is a tool uniquely suited to strengthening the value and performance of businesses in emerging market countries. Thus far underutilized in emerging markets, Leeds outlines how private equity can play a significantly larger role in the enhancement of both individual company performance and the private sector's overall contribution to economic growth and development. Drawing heavily on actual investor experiences, Leeds shows readers how the same inefficiencies and weaknesses that characterize business climates in emerging market countries also open the door to outsized opportunities for private equity investors. Informed by the author's nearly four decades as both a practitioner and academician working with private equity investors, entrepreneurs, and policymakers in over 100 developing countries, the book uses anecdotes and case studies to reinforce the key arguments for private equity investment in emerging economies. Among other illuminating examples and studies, Leeds provides detailed profiles of the private equity environment in China, Brazil, and Kenya. Private Equity Investing in Emerging Markets concludes by recommending specific actions by key stakeholders that would strengthen the future of private equity in emerging markets.

Private Equity Investing in Emerging Markets

Private Equity Investing in Emerging Markets
Author: R. Leeds
Publsiher: Springer
Total Pages: 286
Release: 2015-03-10
ISBN 10: 1137435356
ISBN 13: 9781137435354
Language: EN, FR, DE, ES & NL

Private Equity Investing in Emerging Markets Book Review:

Drawing on the author's four decades of experience as a practitioner and academician working with private equity investors, entrepreneurs, and policymakers in over 100 developing countries around the world, this book uses anecdotes and case studies to illustrate and reinforce the key arguments for private equity investment in emerging economies.

The Alternative Investment Fund Managers Directive

The Alternative Investment Fund Managers Directive
Author: Dirk A. Zetzsche
Publsiher: Kluwer Law International B.V.
Total Pages: 1042
Release: 2015-09-14
ISBN 10: 9041149953
ISBN 13: 9789041149954
Language: EN, FR, DE, ES & NL

The Alternative Investment Fund Managers Directive Book Review:

Apart from MiFID, the Alternative Investment Fund Managers Directive (AIFMD) may be the most important European asset management regulation of the early twenty-first century. In this in-depth analytical and critical discussion of the content and system of the directive, thirty-eight contributing authors – academics, lawyers, consultants, fund supervisors, and fund industry experts – examine the AIFMD from every angle. They cover structure, regulatory history, scope, appointment and authorization of the manager, the requirements for depositaries and prime brokers, rules on delegation, reporting requirements, transitional provisions, and the objectives stipulated in the recitals and other official documents. The challenging implications and contexts they examine include the following: – connection with systemic risk and the financial crisis; - nexus with insurance for negligent conduct; - connection with corporate governance doctrine; - risk management; - transparency; - the cross-border dimension; - liability for lost assets; - impact on alternative investment strategies, and - the nexus with the European Regulation on Long-Term Investment Funds (ELTIFR). Nine country reports, representing most of Europe’s financial centres and fund markets add a national perspective to the discussion of the European regulation. These chapters deal with the potential interactions among the AIFMD and the relevant laws and regulations of Austria, France, Germany, Italy, Luxembourg, Liechtenstein, The Netherlands, Malta and the United Kingdom. The second edition of the book continues to deliver not only the much-needed discussion of the inconsistencies and difficulties when applying the directive, but also provides guidance and potential solutions to the problems it raises. The second edition considers all new developments in the field of alternative investment funds, their managers, depositaries, and prime brokers, including, but not limited to, statements by the European Securities and Markets Authority (ESMA) and national competent authorities on the interpretation of the AIFMD, as well as new European regulation, in particular the PRIIPS Regulation, the ELTIF Regulation, the Regulation on European Venture Capital Funds (EuVeCaR), the Regulation on European Social Entrepreneurship Funds (EUSEFR), MiFID II, and UCITS V. The book will be warmly welcomed by investors and their counsel, fund managers, depositaries, asset managers, administrators, as well as regulators and academics in the field.

Private Equity in China

Private Equity in China
Author: Kwek Ping Yong
Publsiher: John Wiley & Sons
Total Pages: 256
Release: 2012-01-12
ISBN 10: 0470826541
ISBN 13: 9780470826546
Language: EN, FR, DE, ES & NL

Private Equity in China Book Review:

Learn valuable lessons from the newly successful private equity players in China and explore the challenges and opportunities offered in Chinese markets The first book to deal with private equity finance in China, Private Equity in China: Challenges and Opportunities provides much-needed guidance on an investment concept that has so far proved elusive in Asia. Focusing on the opportunities that the Chinese finance market offers to private equity firms, the book shows how these firms can strategically position themselves in order to maximize success in this new marketplace. Private Equity in China includes in-depth case studies illustrating both successful and failed ventures by private equity firms operating in China, outlining the challenges faced by private equity firms in setting up new funds. It contains a collection of valuable experience and insights about acquiring companies and turning them around essential for any firm currently operating in, or considering entering, the Chinese market. Discusses the challenges faced by private equity firms in China including setting up the initial fund, fund raising, deal sourcing, deal execution, and monitoring and exit strategies Provides key insights drawn from keen observations and knowledge of the more mature private equity market in Western countries, analyzing the way forward for the Chinese private equity industry Discusses the role of renminbi-denominated funds in the development of the private equity industry in China Breaking new ground in exploring and explaining the private equity market in China, the book offers incredible new insight into how equity companies can thrive in the Chinese marketplace.

Private Equity Accounting Investor Reporting and Beyond

Private Equity Accounting  Investor Reporting  and Beyond
Author: Mariya Stefanova
Publsiher: FT Press
Total Pages: 320
Release: 2015-02-26
ISBN 10: 0133761525
ISBN 13: 9780133761528
Language: EN, FR, DE, ES & NL

Private Equity Accounting Investor Reporting and Beyond Book Review:

Today's only advanced comprehensive guide to private equity accounting, investor reporting, valuations and performance measurement provides a complete update to reflect the latest standards and best practices, as well as the author's unique experience teaching hundreds of fund professionals. In Private Equity Accounting, Investor Reporting and Beyond Mariya Stefanova brings together comprehensive advanced accounting guidance and advice for all private equity practitioners and fund accountants worldwide: information once available only by learning from peers. Replete with up-to-date, user-friendly examples from all main jurisdictions, this guide explains the precise workings and lifecycles of private equity funds; reviews commercial terms; evaluates structures and tax treatments; shows how to read Limited Partnership Agreements; presents best-practice details and processes, and identifies costly pitfalls to avoid.

Private Equity 4 0

Private Equity 4 0
Author: Benoît Leleux,Hans van Swaay,Esmeralda Megally
Publsiher: John Wiley & Sons
Total Pages: 286
Release: 2015-03-30
ISBN 10: 1118939735
ISBN 13: 9781118939734
Language: EN, FR, DE, ES & NL

Private Equity 4 0 Book Review:

“Private equity is more economically significant than ever, as institutions hunt for high returns in a risky world. Private Equity 4.0 examines the role, workings and contribution of this important industry in a straightforward yet revealing manner.” Dr. Josh Lerner Jacob H. Schiff Professor of Investment Banking Chair, Entrepreneurial Management Unit Harvard Business School A multi-perspective look at private equity's inner workings Private Equity 4.0 provides an insider perspective on the private equity industry, and analyzes the fundamental evolution of the private equity asset class over the past 30 years, from alternative to mainstream. The book provides insightful interviews of key industry figures, and case studies of some of the success stories in the industry. It also answers key questions related to strategy, fund manager selection, incentive mechanisms, performance comparison, red flags in prospectuses, and more. Private Equity 4.0 offers guidance for the many stakeholders that could benefit from a more complete understanding of this special area of finance. Understand the industry's dominant business models Discover how value is created and performance measured Perform a deep dive into the ecosystem of professionals that make the industry hum, including the different incentive systems that support the industry's players Elaborate a clear set of guidelines to invest in the industry and deliver better performance Written by a team of authors that combine academic and industry expertise to produce a well-rounded perspective, this book details the inner workings of private equity and gives readers the background they need to feel confident about committing to this asset class. Coverage includes a historical perspective on the business models of the three major waves of private equity leading to today's 4.0 model, a detailed analysis of the industry today, as well as reflections on the future of private equity and prospective futures. It also provides readers with the analytical and financial tools to analyze a fund's performance, with clear explanations of the mechanisms, organizations, and individuals that make the system work. The authors demystify private equity by providing a balanced, but critical, review of its contributions and shortcomings and moving beyond the simplistic journalistic descriptions. Its ecosystem is complex and not recognizing that complexity leads to inappropriate judgments. Because of its assumed opacity and some historical deviant (and generally transient) practices, it has often been accused of evil intents, making it an ideal scapegoat in times of economic crisis, prodding leading politicians and regulators to intervene and demand changes in practices. Unfortunately, such actors were often responding to public calls for action rather than a thorough understanding of the factors at play in this complex interdependent system, doing often more harm than good in the process and depriving economies of one of their most dynamic and creative forces. Self-regulation has clearly shown its limits, but righteous political interventions even more so. Private equity investment can be a valuable addition to many portfolios, but investors need a clear understanding of the forces at work before committing to this asset class. With detailed explanations and expert insights, Private Equity 4.0 is a comprehensive guide to the industry ways and means that enables the reader to capture its richness and sustainability.

Advance in International Inve tment

Advance  in International Inve tment
Author: Hung-gay Fung,Xiaoqing Eleanor Xu,Jot Yau
Publsiher: World Scientific
Total Pages: 292
Release: 2008
ISBN 10: 9812708626
ISBN 13: 9789812708625
Language: EN, FR, DE, ES & NL

Advance in International Inve tment Book Review:

To better understand the full range of international investments available (which, with China and India opening up to foreign investors, is greater than ever), this book identifies different asset classes and current hot topics such as new financial instruments in a changing global environment.

Introduction to Private Equity

Introduction to Private Equity
Author: Cyril Demaria
Publsiher: John Wiley & Sons
Total Pages: 244
Release: 2010-03-30
ISBN 10: 0470711884
ISBN 13: 9780470711880
Language: EN, FR, DE, ES & NL

Introduction to Private Equity Book Review:

Introduction to Private Equity is a critical yet grounded guide to the private equity industry. Far more than just another introductory guide, the book blends academic rigour with practical experience to provide a critical perspective of the industry from a professional who has worked at many levels within the industry, including insurance, funds of funds, funds and portfolio companies. The book looks at private equity from the point of view of the individual or the business. How is a private business valued? How is the acquisition transaction processed? What are the due diligence issues that should be considered before moving ahead? A valuable insight to a rather opaque market. Introduction to Private Equity covers the private equity industry as a whole, highlighting its historical development in order to put its recent development into perspective. The book covers its organization, governance and function, then details the various segments within the industry, including LBO, Venture Capital, Mezzanine Financing, Growth Capital and beyond. Finally, it offers a framework to anticipate and understand its future developments. It provides a balanced perspective on the current corporate governance challenges which are affecting the industry and draws perspective to understand the evolution of the sector, following one of its major crises.

Private Equity Fund Investments

Private Equity Fund Investments
Author: Cyril Demaria
Publsiher: Springer
Total Pages: 276
Release: 2015-04-30
ISBN 10: 1137400390
ISBN 13: 9781137400390
Language: EN, FR, DE, ES & NL

Private Equity Fund Investments Book Review:

This book presents new, advanced, evidence-based guidance on investing in private equity funds: first by assessing the investor's environment and motivations, then by looking into the risks, returns and overall performance of funds and finally, by offering practical solutions to the illiquidity conundrum.