Private equity 4.0 : reinventing value creation /
"A multi-perspective look at private equity's inner workingsPrivate Equity 4.0 provides an insider perspective on the private equity industry, and analyzes the fundamental evolution of the private equity asset class over the past 30 years, from alternative to mainstream. The book provides...
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| Other Authors: | , |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Hoboken, New Jersey :
Wiley,
2015
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| Subjects: | |
| Local Note: | ProQuest Ebook Central |
Table of Contents:
- Titlepage; Copyright; List of case studies; About the authors; Hans van Swaay; Esmeralda Megally; Professional Acknowledgments; Personal acknowledgments; Benoit Leleux; Hans van Swaay; Esmeralda Megally; Foreword; The road to sustainability: from arbitrage to operational value creation; Gaining perspective: The road ahead; Introduction; Private equity at the crossroads; An historical perspective to gain insights for the future; Private equity: all about people; The best capitalism has to offer? The conceptual groundings; Believers, sceptics and cynics; Notes.
- 1 Private equity: from "alternative" to "mainstream" asset class?Executive summary; Moving into mainstream; A brief history; An increasingly global industry; An industry in the limelight; Notes; 2 Private equity as a business system; Executive summary; Setting the stage; The (apparent) madness of private equity fees; Commitments versus investments; Distributions in cash, please!; Due diligence, leverage, focus and ... incentives; Illiquidity ... and new ways to cope with it; Notes; 3 Value creation in private equity; Executive summary; The art of private equity; Sourcing deals.
- Creating value in private equityExiting investments; The economic impact of private equity; Notes; 4 Private equity performance; Executive Summary; Performance metrics; Valuing realized and unrealized investments; Reporting fund performance; Membership and self-reporting biases; Performance by segments; Performance by fund size; The persistence effect; The timing effect; Comparison against benchmarks; Correlation to other asset classes; Notes; 5 The main characters in private equity; Executive summary; Size matters: fund sizes, deal sizes and other dimension issues!
- Global alternative asset managersRegional, domestic and multi-country funds; Mid-market funds; Venture capital funds; Distressed private equity; Secondary funds; Funds-of-funds; Institutional limited partners; Notes; 6 The supporting cast; Executive summary; London as European centre of gravity; The private equity ecosystem: follow the fees; Investment banks; Lending banks; Accountancy firms; Law firms; Due diligence specialist providers; Strategy consultants; Placement agents; Fund administrators; Recruitment consultants; Public relations agencies; Notes; 7 Investing in a fund.
- Executive summaryThe private equity game; The decision to invest; Choice of investment vehicle; Diversification in a rich marketplace; Timing; The pitch; Manager selection; Due diligence; Subscription to a fund; Capital calls; Monitoring; Distributions; Reporting; Fund liquidation; Notes; 8 The future of private equity; Executive summary; Reports of private equity's death were highly premature; Private equity in a changing world; Conclusion; Note; Index; End User License Agreement.
