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Introduction to Private Equity Venture, Growth, LBO and Turn-Around Capital.

Detalles Bibliográficos
Autor principal: Demaria, Cyril
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Newark : John Wiley & Sons, Incorporated, 2013.
Colección:New York Academy of Sciences Ser.
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