The definitive guide to private equity for investors and finance professionals

Section I

Private Equity Overview

First section offers a high-level introduction to PE to ensure that we speak the same language and use appropriate industry terms and definitions throughout the book. It puts venture capital, growth equity and leveraged buyouts into context and describes several alternative PE investment strategies such as distressed investing and real estate.

Section II

Doing Deals in PE

Doing Deals in PE looks in greater detail at PE investment processes, starting with deal sourcing, due diligence and target valuation before exploring deal pricing considerations and the actual structuring of PE deals. It also includes a thorough coverage of transaction documentation.

Section III

Managing PE Investments

Managing PE Investments asks: What do PE and venture funds do with their portfolio companies during the holding period? How will they transform the business and prepare it for exit?

Section IV

Fund Management and the GP-LP Relationship

Fund Management and the GP-LP Relationship describes the key dynamics involved in raising a PE fund. We step into the shoes of global institutional investors in PE to examine their demands with regards to reporting and portfolio customization over a PE fund’s lifespan.

Section V

The Evolution of PE

The Evolution of PE builds on the understanding gained in the previous chapters and takes a closer look at recent developments in the industry, from direct and co-investment programs to the fast-growing secondaries markets and the recent rise of listed PE funds. In the closing chapter the authors comment on the PE industry’s development and explore key themes that will shape private equity and venture capital ahead.