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Private equity as an asset class /

Unfairly reviled, and much misunderstood, private equity differs from all other asset classes in various important respects, not least the way in which its fund mechanisms operate, and the way in which its returns are recorded and analysed. Sadly, high level asset allocation decisions are frequently...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Fraser-Sampson, Guy
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Hoboken, NJ : John Wiley & Sons, 2010.
Edición:2nd ed.
Temas:
Acceso en línea:Texto completo

MARC

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100 1 |a Fraser-Sampson, Guy. 
245 1 0 |a Private equity as an asset class /  |c Guy Fraser-Sampson. 
250 |a 2nd ed. 
260 |a Hoboken, NJ :  |b John Wiley & Sons,  |c 2010. 
300 |a 1 online resource (xvi, 264 pages) :  |b illustrations 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
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504 |a Includes bibliographical references and index. 
588 0 |a Print version record. 
505 0 |a Private Equity as an Asset Class; Contents; About the Author; Acknowledgements; Introduction; 1 What is Private Equity?; What is Private Equity?; Fund investing versus direct investing; Co-investment; Terminology; Different types of Private Equity investment; Summary; 2. What are Private Equity Funds, and How do They Work?; Capital: Allocated, Committed, Drawn Down and Invested; How do Private Equity Funds Work?; Structure; Cash flow; Investment; Fundraising; Private Equity Funds Distinguished from Other Fund Types; Hedge funds; Infrastructure; Private (Equity) Real Estate. 
505 8 |a A Note on International IssuesSummary; 3. Private Equity Returns -- The Basics; Understanding the J-curve and Compound Returns; Upper Quartile Figures; Median Returns; Average Returns; Pooled Returns; Using Vintage Year Returns for Benchmarking Purposes; Time-weighted Returns; Summary; 4 Private Equity Returns -- Multiples and Muddles; Multiples; Distributed over paid in (DPI); Paid in to committed capital (PICC); Residual value to paid in (RVPI); Total value to paid in (TVPI); Use of multiples in industry research; Muddles, Muggles and Markowitz; Returns; Risk; Liquidity; Summary; 5 Buyout. 
505 8 |a Types of Buyout TransactionMBO; MBI; BIMBO; LBO; Take Private (P2P); Roll-up; Secondary Buyouts; Other 'Buyout' Activity; PIPEs; How do Buyouts Work?; Characteristics of Buyout; Established businesses; Debt; Earnings; Size; Control; Barriers to entry; Summary; 6 How to Analyse Buyouts; Earnings; EBIT; EBITDA; Earnings Growth; Multiple; Multiple increase (sometimes called multiple arbitrage); Leverage; Recapitalisation; Timing; Modelling and Analysing Buyout Funds; Enterprise value; Summary; 7 Buyout Returns; US versus European Buyout; Buyout skill bases; Imperfect markets; Earnings multiples. 
505 8 |a Earnings growthLeverage; Contribution of different drivers; Fund size; Summary; 8 Venture Capital; What is Venture Capital?; Backing New Applications, Not New Technology; Classifi cation by Sector; IT; Telecoms; Life Science; Classification by Stage; Seed stage; Early stage; Mid and late stages; Summary; 9 How to Analyse Venture; The Fundamentals (1) -- Money Multiples; The Fundamentals (2) -- Valuation; Valuation as an element of stated returns; Differences in valuation approach between Europe and the US; Variability of Venture valuations; Pre-money and post-money valuations; Share classes. 
505 8 |a The Fundamentals (3) -- Cost and ValueIRRs and multiples; Going in equity (GI%); Percentage of the holding within the fund; The Impact of Home Runs; Summary; 10 Venture Returns; US Outperformance versus Europe; Money multiples drive IRRs; Home runs and the golden circle; Market conditions; European Venture -- Is it as Bad as it Seems?; Returns and Fund Size; Venture returns by stage; What of the Future?; Summary; 11. Growth and Development Capital; The PLC and the BCG Growth Matrix; Development Capital; Target companies; Money in deals; Money out deals; Objectives; Growth Capital. 
520 |a Unfairly reviled, and much misunderstood, private equity differs from all other asset classes in various important respects, not least the way in which its fund mechanisms operate, and the way in which its returns are recorded and analysed. Sadly, high level asset allocation decisions are frequently made on the basis of prejudice and misinformation, rather than a proper appreciation of the facts. Guy Fraser-Sampson draws upon more than twenty years of experience of the private equity industry to provide a practical guide to mastering the intricacies of this highly specialist asset class. Aimed. 
590 |a ProQuest Ebook Central  |b Ebook Central Academic Complete 
650 0 |a Private equity. 
650 0 |a Venture capital. 
650 0 |a Investments. 
650 6 |a Capital-investissement. 
650 6 |a Capital à risques. 
650 6 |a Investissements. 
650 7 |a portfolios (financial records)  |2 aat 
650 7 |a BUSINESS & ECONOMICS  |x Investments & Securities  |x General.  |2 bisacsh 
650 7 |a Investments  |2 fast 
650 7 |a Private equity  |2 fast 
650 7 |a Venture capital  |2 fast 
655 7 |a dissertations.  |2 aat 
655 7 |a Academic theses  |2 fast 
655 7 |a Academic theses.  |2 lcgft 
655 7 |a Thèses et écrits académiques.  |2 rvmgf 
758 |i has work:  |a Private equity as an asset class (Text)  |1 https://id.oclc.org/worldcat/entity/E39PCGvh9XW73MD8YMJHh8jrxC  |4 https://id.oclc.org/worldcat/ontology/hasWork 
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