Structuring European Private Equity

Erscheinungsjahr 2006
ISBN: 978-1-84374-262-3
Verlag: Euromoney

Buch, Englisch, 175 Seiten

Structuring European Private Equity takes you into the heart of the European private equity market and guides you through sophisticated private equity products, performance measurement, risk management, fund structures and market dynamics. With contributions from 16 leading industry experts, it is an essential book for private and institutional investors, entrepreneurs, venture capital and private equity professionals.

European private equity continues to grow. Both exits and buyouts have grown in value terms across a range of markets. In 2005, private equity buyouts increased 10% in value terms on the previous six months to €77.1bn, and exits rose 38% to €39bn. You need to read Structuring European Private Equity to ensure you are fully equipped to tackle the increasingly competitive nature of the private equity industry. It highlights the issues faced by the industry today and in the future. In particular, this book:

Explains what relationship possibilities exist between private equity and industry and how a fund can be used by corporates to achieve their specific objectives
Shows which aspects of the venture capital model European funds can apply from the US model
Discusses how changes in current fund structures in relation to the agreed general partner and limited partner terms affect you
Looks at the current boundaries of the traditional limited partnership fund structure
Examines the governance relationship between a fund's general partners and the management of portfolio firms
Investigates the ever-increasing role of the fund-of-funds channel, looking at the benefits for limited partners who are considering entering or increasing their exposure to private equity investing
Shows you how private equity funds and limited partners can make use of the secondary market
Demonstrates how to create value beyond financial engineering with an examination of how operations and strategic decisions can be improved
Gives you an analysis of private equity return versus public market return; and explains how to measure and interpret performance and outcomes

This insightful book also takes a look at the future trends for investing, covering:

What to consider when investing in Eastern Europe
How to apply the principles of private equity to yield social returns

Autoren/Hrsg.

Bassi, Iggy

Grant, Jeremy

Fachgebiete

• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Anlagen & Wertpapiere
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Internationale Finanzmärkte
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Internationale Finanzmärkte
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Unternehmensfinanzierung
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen Finanzierung, Investition, Leasing

Inhaltsverzeichnis

Foreword

Introduction

PART I: THE MARKET

1 ‘Eating the Large Caps’: The Private Equity Opportunity for Industry

2 European Venture Capital: The Path to Maturity

PART II: FUND STRUCTURE AND GOVERNANCE

3 Fund Structures – New Developments in GP-LP Terms

4 The Limits of Limited Liability: How Key Jurisdictions Differ

5 The Governance of Private Equity Owned Firms

PART III: INVESTMENT STRATEGIES AND PERFORMANCE

6 Private Equity Funds of Funds

7 Where Next for the Secondaries Market?

8 Beyond Financial Engineering: Value-Added Investing

9 Private Equity Performance and Public Equity Returns

10 Measuring Private Equity Fund Performance

PART IV: NEW FRONTIERS FOR PRIVATE EQUITY

11 The Emergence of Private Equity in Eastern Europe

12 The Rise of Venture Philanthropy: Private Capital and Public Benefit