Introduction to Private Equity Venture, Growth, LBO and Turn-Around Capital.
Autor principal: | |
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Formato: | Electrónico eBook |
Idioma: | Inglés |
Publicado: |
Newark :
John Wiley & Sons, Incorporated,
2013.
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Colección: | New York Academy of Sciences Ser.
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Temas: | |
Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Intro
- Introduction to Private Equity
- Contents
- Foreword to the Second Edition
- Acknowledgements
- About the Author
- Introduction
- 0.1 A Moving Target
- 0.2 A Consubstantial Lack of Information
- 0.3 Benign Neglect, Malign Consequences
- 0.4 Knowing the Devil to Circumvent it
- PART I WHAT IS PRIVATE EQUITY?
- 1 Private Equity as an Economic Driver: An Historical Perspective
- 1.1 Pooling Interests to Identify and Exploit Sources of Wealth
- 1.1.1 Identify, Control and Exploit Resources
- 1.1.2 Leverage Public Policies and a Favourable Business Environment
- 1.2 Championing Entrepreneurship
- 1.2.1 No Private Equity without Entrepreneurs
- 1.2.2 Convert Ventures into Business Successes
- 1.2.3 Entrepreneurship and Private Equity Form a Specific Ecosystem
- 1.3 Conclusion: An Attempt at Definition
- 1.3.1 A Negotiated Investment in Equity or Quasi-Equity
- 1.3.2 A Fixed Maximum Term
- 1.3.3 Implying Specific Risks
- 1.3.4 With High Expected Returns
- 1.3.5 Undertaken on Behalf of Qualified Investors
- 1.3.6 To Support Entrepreneurs
- 2 Modern Private Equity
- A French Invention?
- 2.1 USA: The Foundry of Modern Private Equity
- 2.1.1 The Strict Separation of Public Policies and Public Financing
- 2.1.2 The Separation of Public Endeavours and Private Efforts
- the Subsequent Support of the Former for the Latter
- 2.1.3 Governmental Input: SBA, DARPA and ERISA
- 2.1.4 Universities, Defence and Disruptive Innovation
- 2.1.5 Challenges
- 2.2 Europe: Adapting a Successful Model or Creating its Own?
- 2.2.1 Governmental Input: Legal Changes, Tax Rebates, Infrastructures and Pan-EU Market
- 2.2.2 National Champions, Information Technologies and Incremental Innovation
- 2.2.3 Challenges
- 2.3 Conclusion: Emerging Markets, Building Castles on Sand?
- PART II THE PRIVATE EQUITY ECOSYSTEM
- 3 Private Equity: A Business System Perspective
- 3.1 We Are All Investors in Private Equity
- 3.1.1 Sources of Capital
- 3.1.2 Private Equity Investment Rationale
- 3.2 Organisation and Governance of Private Equity Funds
- 3.2.1 Private Equity Fund Managers are Financial Intermediaries
- 3.2.2 Incentives and Fees
- 3.2.3 Conflicts of Interest
- 3.2.4 Power, Checks and Balances
- 3.3 Measuring Performance, Managing Risks and Optimising Returns
- 3.3.1 Measuring Performance in an Uncertain Context
- 3.3.2 Managing Risks and Optimising Returns
- 3.4 Pitfalls and Challenges
- 3.5 Conclusion
- 4 The Universe of Investment
- 4.1 Venture Capital: Financing Company Creation
- 4.1.1 Venture Capital Investment Targets
- 4.1.2 Actors and Structures
- 4.1.3 Operational Activities
- 4.1.4 Challenges
- 4.1.5 Limits
- 4.2 Growth Capital: Financing Companies' Expansion
- 4.2.1 Growth Capital Investment Targets
- 4.2.2 Actors and Structures
- 4.2.3 Operational Activities
- 4.2.4 Challenges
- 4.2.5 Limits