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Private Equity as an Asset Class
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Description
Description| Publisher | John Wiley & Sons (UK) |
| Author(s) | Guy Fraser-Sampson |
| Edition | 1 |
| Published | 9th April 2010 |
| Related course codes |
Unfairly reviled, and much misunderstood, private equity differs
from all other asset classes in various important respects, not
least the way in which its fund mechanisms operate, and the way in
which its returns are recorded and analysed. Sadly, high level
asset allocation decisions are frequently made on the basis of
prejudice and misinformation, rather than a proper appreciation of
the facts.
from all other asset classes in various important respects, not
least the way in which its fund mechanisms operate, and the way in
which its returns are recorded and analysed. Sadly, high level
asset allocation decisions are frequently made on the basis of
prejudice and misinformation, rather than a proper appreciation of
the facts.
Guy Fraser-Sampson draws upon more than twenty years of
experience of the private equity industry to provide a practical
guide to mastering the intricacies of this highly specialist asset
class. Aimed equally at investors, professionals and business
school students, it starts with such fundamental questions as
?what is private equity?? and progresses to detailed
consideration of different types of private equity activity such as
venture capital and buyout.
Rapid and significant changes in the environment during the
recent financial crisis have prompted the need for a new edition.
Separate chapters have been added on growth and development
capital, as well as secondary investing. Newly emergent issues are
considered, such as lengthening holding periods and the possible
threat of declining returns. Particular problems, such as the need
to distinguish between private equity and hedge funds, are
addressed. The glossary has also been expanded. In short, readers
will find that this new edition takes their understanding of the
asset class to new heights.
Key points include:
- A glossary of private equity terms
- Venture capital
- Buyout
- Growth capital
- Development capital
- Secondary investing
- Understanding private equity returns
- Analysing funds and returns
- How to plan a fund investment programme
- Detailed discussion of industry performance figures
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