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Private equity has become one of the fastest expanding asset classes over the last decade. Growth has been driven by an increase in the profitability of private equity funds, a jump in the large institutional investors' portfolio allocation to private equity, and the funding vacuum created in other parts of the capital markets due to regulatory and technological changes. This growth is reflected in more capital being raised, larger investments, an increase in the value of funds' investments, and a growing number of exits. Consequently, private equity fund structures, terms and investment strategies have become increasingly varied and complex. This applies to all sectors of private capital: equity, venture and credit.
International Private Equity is the industry reference text on private equity. It combines practitioner and academic perspectives and draws from a wide range of business sectors to provide a comprehensive compendium for a broad spectrum of the field, illustrating all stages of the private equity deal process. It serves as an indispensable guide to anybody who wishes to engage in the asset class as an investor, manager, consultant, banker, policymaker or service provider.
This second edition has been fully revised and expanded to align with the latest changes to regulation and practice, and to reflect the increasing complexity of private equity practices and investment types.
- Understand private equity fund level analysis, including performance measurement, emerging markets, fund diligence, accounting, the secondaries market fund terms and structures, risk management and real estate
- Delve into deal-level analysis with discussion on valuation, LBO transactions and modelling, deal screening, post deal execution and exit strategies
- Learn the intricacies of venture investing, including business angels, crowdfunding, incubators, corporate venture capital and venture lending
- Access illustrative case studies from the Institute of Private Equity at London Business School and additional teaching materials on the companion website