Details

<p>List of Contributors vii</p> <p>Foreword by <i>Henry R. Kravis</i>, Co-Chairman and Co-CEO of KKR ix</p> <p>Preface xiii</p> <p>How to Use This Book xvii</p> <p><b>Section I Private Equity Overview 1</b></p> <p>Chapter 1 Private Equity Essentials 5</p> <p>Chapter 2 Venture Capital 19</p> <p>Chapter 3 Growth Equity 33</p> <p>Chapter 4 Buyouts 43</p> <p>Chapter 5 Alternative Strategies 57</p> <p><b>Section II Doing Deals in PE 69</b></p> <p>Chapter 6 Deal Sourcing & Due Diligence 73</p> <p>Chapter 7 Target Valuation 87</p> <p>Chapter 8 Deal Pricing Dynamics 97</p> <p>Chapter 9 Deal Structuring 109</p> <p>Chapter 10 Transaction Documentation 121</p> <p><b>Section III Managing PE Investments 133</b></p> <p>Chapter 11 Corporate Governance 137</p> <p>Chapter 12 Securing Management Teams 149</p> <p>Chapter 13 Operational Value Creation 161</p> <p>Chapter 14 Responsible Investment 173</p> <p>Chapter 15 Exit 185</p> <p><b>Section IV Fund Management and the GP–LP Relationship 197</b></p> <p>Chapter 16 Fund Formation 201</p> <p>Chapter 17 Fundraising 215</p> <p>Chapter 18 LP Portfolio Management 227</p> <p>Chapter 19 Performance Reporting 241</p> <p>Chapter 20 Winding Down a Fund 253</p> <p><b>Section V The Evolution of PE 263</b></p> <p>Chapter 21 LP Direct Investment 267</p> <p>Chapter 22 Listed Private Equity 279</p> <p>Chapter 23 Risk Management 289</p> <p>Chapter 24 Private Equity Secondaries 301</p> <p>Chapter 25 Evolution of Private Equity 313</p> <p>Acknowledgments 325</p> <p>About the Authors 327</p> <p>Glossary 329</p> <p>Index 341</p>

<p><b>Claudia Zeisberger</b> is an INSEAD Senior Affiliate Professor of Decision Sciences and Entrepreneurship and Family Enterprise. She is concurrently the Academic Director of INSEAD's Global Private Equity Initiative (GPEI), one of INSEAD's centers of excellence, which she founded in 2008 to focus the school's capabilities & achievements in Private Equity, increase its visibility and cater to specific industry needs in research and education. At INSEAD, she teaches in the MBA and EMBA programmes as well as in multiple Executive Education courses both in Singapore & in Fontainebleau.</p> <p><b>Michael Prahl</b> is Adjunct Professor for Entrepreneurship & Family Enterprise at INSEAD, he is also Executive Director GPEI, oversees all research of the initiative and was instrumental in creating all its recent publications, its database project and outreach activities. His specific research interests are in the areas of risk and return in emerging markets, operational value creation and market entry strategies & portfolio allocation for limited partners.</p> <p><b>Bowen White</b> is a Research Associate at GPEI. Bowen's research interests include private equity in emerging markets, the institutionalization of SE Asian financial markets, and project finance. Prior to moving to Singapore in 2009, Bowen spent five years in the New York hedge fund industry in trading and business development roles.</p>

<p><b>THE DEFINITIVE GUIDE TO PRIVATE EQUITY</b> <p><i>Mastering Private Equity</i> was written with a professional audience in mind and provides a valuable and unique reference for investors, finance professionals, students and business owners looking to engage with private equity firms or invest in private equity funds. From deal sourcing to exit, LBOs to responsible investing, operational value creation to risk management, the book systematically distills the essence of private equity into core concepts throughout the private equity life cycle. <p>This book combines insights from leading academics and practitioners and was carefully structured to offer: <ul> <li>A clear and concise reference for the industry expert</li> <li>A step-by-step guide for students and casual observers of the industry</li> <li>A theoretical companion to the INSEAD case book <i>Private Equity in Action: Case Studies from Developed and Emerging Markets</i></li> </ul> <p><b>PRAISE FOR MASTERING PRIVATE EQUITY</b> <p><i>"</i>Mastering Private Equity<i> teaches the fundamentals and best practices of PE investing and ensures a deeper understanding of the PE dynamics for professionals from various backgrounds. It shows the potential the asset class has for building better and stronger companies and thereby acting as a force for good for the economy overall."</i><br> <b><i>Professor Ilian Mihov,</i><br> </b><i>Dean of INSEAD</i> <p><i>"This is a powerful book, clear on the fundamentals and rich on insight. It accurately describes how private equity works—it also provides nuance on how private equity really works."</i><br> <b><i>Alan MacKay,</i><br> </b><i>Managing Partner GHO Capital and current Chairman of the British Venture Capital Association</i> <p><i>"</i>Mastering Private Equity<i> pulls back the shroud of mystery surrounding private equity—a succinct yet comprehensive source of information for the expert reader."</i><br> <b><i>Jim Leech C.M.</i><br> </b><i>Chancellor, Queen's University and former CEO, Ontario Teachers' Pension Plan</i> <p><b>FEATURING GUEST COMMENTS BY SENIOR PE PROFESSIONALS FROM:</b> <p>Abraaj • Adams Street Partners • Apax Partners • Baring PE Asia • Bridgepoint • The Carlyle Group Coller Capital • Debevoise & Plimpton LLP • FMO • Foundry Group • Freshfields Bruckhaus Deringer General Atlantic • ILPA • Intermediate Capital Group • KKR Capstone • LPEQ • Maxeda • Navis Capital Northleaf Capital • Oaktree Capital • Partners Group • Permira • Terra Firma

GB