Mastering Private Equity: Transformation via Venture Capital, Minority Investments and Buyouts

"This book presents a valuable on-demand tool and unique handbook for investors, finance professionals, managers and business owners looking to engage with private equity or venture firms"--
"The definitive guide to private equity for investors, finance professionals, managers and business owners. Mastering Private Equity: Growth via Venture Capital, Minority Investments & Buyoutspresents a valuable on-demand tool and unique handbook for investors, finance professionals, managers and business owners looking to engage with private equity or venture firms. The book distills the essence of private equity into core concepts ranging from fundraising over investment process execution to institutional investors building and managing a private equity fund portfolio, always referring to standard market practice across all steps of the private equity life cycle. The book is complimented by Private Equity in Action: Case Studies from Developed and Emerging Markets, an INSEAD case book which provides rich, real-life applications of these core concepts. The complexity of the private equity model continues to confuse industry outsiders, with the success of the industry often attributed either to a mystical “secret sauce” or a ruthless approach to cost cutting and asset stripping. In the authors’ experience, however, the competitive advantage of private equity comes from the diligent application of best practices, as described in this book, a corporate governance model which provides alignment of interest among managers and owners, a keen focus on major drivers of risk and opportunity and, above all, a lot of hard work. This book provides a comprehensive, unbiased guide to investing market practices, enabling its readers to better understand the inner workings of the private equity model. It can equally serve as a standard introduction for investment professionals new to the field, as a reference book for specific steps along the investment process, or as a comprehensive overview of the mechanics of private equity to students of alternative investing. Each diligently researched and concisely presented chapter focuses on one specific aspect of private equity and is complemented by a comment from a guest author, all of whom are seasoned private equity and venture capital professionals or founding partners of established funds. The team of experienced authors ensures the right balance of academic rigor and industry relevancy, given their experience in the world of alternative investments and their regular engagement with both PE investors and the fund managers themselves. The chapters and case studies have been refined through in-class discussion at one of the world’s preeminent business schools, INSEAD, and bolstered by the research engine of the Global Private Equity Initiative (GPEI), a leading private equity research institution"--
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