Fraser-Sampson Private Equity as an Asset Class

2. Auflage 2011
ISBN: 978-0-470-97053-9
Verlag: John Wiley & Sons
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 280 Seiten, E-Book

Unfairly reviled, and much misunderstood, private equity differsfrom all other asset classes in various important respects, notleast the way in which its fund mechanisms operate, and the way inwhich its returns are recorded and analysed. Sadly, high levelasset allocation decisions are frequently made on the basis ofprejudice and misinformation, rather than a proper appreciation ofthe facts.
Guy Fraser-Sampson draws upon more than twenty years ofexperience of the private equity industry to provide a practicalguide to mastering the intricacies of this highly specialist assetclass. Aimed equally at investors, professionals and businessschool students, it starts with such fundamental questions as'what is private equity?' and progresses to detailedconsideration of different types of private equity activity such asventure capital and buyout.
Rapid and significant changes in the environment during therecent financial crisis have prompted the need for a new edition.Separate chapters have been added on growth and developmentcapital, as well as secondary investing. Newly emergent issues areconsidered, such as lengthening holding periods and the possiblethreat of declining returns. Particular problems, such as the needto distinguish between private equity and hedge funds, areaddressed. The glossary has also been expanded. In short, readerswill find that this new edition takes their understanding of theasset 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

Autoren/Hrsg.

Fraser-Sampson, Guy

Über Autor(innen)

GUY FRASER-SAMPSON has over twenty years' experience of theprivate equity industry, most notably having set up and run forseveral years the European operations of Horsley Bridge. As apartner in the firm, and Managing Director of Horsley BridgeInternational, he had a unique opportunity to interactsimultaneously with private equity managers from all over theworld, including famous 'golden circle' venture firmsbased predominantly in California. He previously lived and workedin the Middle East as Investment Controller with the Abu DhabiInvestment Authority (ADIA).
He has extensive experience of the evaluation of private equitymanagers, including having personally designed and developed acomputer model for the evaluation of buyout performance, but isequally recognised as an expert on venture capital. In addition tohis work with funds, he has also conducted direct, secondary andmezzanine transactions over the years.
Guy teaches post-graduate modules on private equity and investmentstrategy at Cass Business School in the City of London, and is alsorecognised as an authority on all types of alternative assets. Heperforms consultancy and high level executive training assignmentsfor clients around the world, and is also in demand as a providerof keynote addresses at investment conferences. In addition tovarious professional qualifications, he holds an LLB with honoursfrom King's College London, and an MBA majoring in finance fromWarwick Business School.
Guy writes for a number of finance and investment publications,including his influential monthly column in Real Deals. Heis the author of Multi-Asset Class Investment Strategy, alsopublished as part of the Wiley Finance series, which questionsaccepted views of risk and return, and sets out ways in whichinvestors could and should incorporate a wide range of so-calledalternative assets into their planned portfolios. He conductsregular investor workshops around the world based upon his books.