About the books
Mastering Private Equity
Mastering Private Equity 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.
Private Equity in Action
Private Equity in Action takes you on a tour of the private equity investment world through a series of case studies written by INSEAD faculty and taught at the world’s leading business schools. The book is an ideal complement to Mastering Private Equity and allows readers to apply core concepts to investment targets and portfolio companies in real-life settings. The 19 cases illustrate the managerial challenges and risk-reward dynamics common to private equity investment.
Mastering Private Equity
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.
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.
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?
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.
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.