• Produktbild: Private Equity as an Asset Class
  • Produktbild: Private Equity as an Asset Class

Private Equity as an Asset Class

Aus der Reihe Wiley Finance Series

Fr. 78.90

inkl. gesetzl. MwSt., Versandkostenfrei


Beschreibung

Produktdetails

Einband

Gebundene Ausgabe

Erscheinungsdatum

24.05.2010

Verlag

John Wiley & Sons Inc

Seitenzahl

288

Maße (L/B/H)

25/17.5/2 cm

Gewicht

682 g

Auflage

2nd edition

Sprache

Englisch

ISBN

978-0-470-66138-3

Beschreibung

Produktdetails

Einband

Gebundene Ausgabe

Erscheinungsdatum

24.05.2010

Verlag

John Wiley & Sons Inc

Seitenzahl

288

Maße (L/B/H)

25/17.5/2 cm

Gewicht

682 g

Auflage

2nd edition

Sprache

Englisch

ISBN

978-0-470-66138-3

Herstelleradresse

Libri GmbH
Europaallee 1
36244 Bad Hersfeld
DE

Email: GPSR Kontakt

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  • Produktbild: Private Equity as an Asset Class
  • Produktbild: Private Equity as an Asset Class
  • 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.
     
    A Note on International Issues.
     
    Summary.
     
    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.
     
    Types of Buyout Transaction.
     
    MBO.
     
    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.
     
    Earnings growth.
     
    Leverage.
     
    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.
     
    Classifi cation 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.
     
    The Fundamentals (3) - Cost and Value.
     
    IRRs and multiples.
     
    Going in equity (GI%).
     
    Percentage of the holding within the fund.
     
    The Impact of Home Runs.
     
    Summary.
     
    10 Venture Returns.
     
    US Outp