Introduction to private equity, debt and real assets from venture capital to LBO, senior to distressed debt, immaterial to fixed assets

“Building on and refining the content of previous editions, the third edition adopts the same logical, systematic, factual and long-term perspective on private equity, combining academic rigour with extensive practical experience. The content has been fully revised to reflect developments and innovations in the private equity sector, exploring new strategies, changes in structuring and the drive of new regulations. New sections have been added, covering fund raising and fund analysis, portfolio construction and risk measurement, as well as liquidity, and start-up analysis. In addition, private debt and private real assets are given greater focus, with two new chapters analysing the current state of these evolving sectors. The private equity sector is growing fast, from roughly $100bn of assets under management in 1990 to $2.5tn in 2017. It is also subject to great innovation, with new investment strategies, changes in structuring, and the drive of new regulations. In addition to private equity, two sectors in particular have been developing: private debt (direct lending, mezzanine/unitranche financing, distressed debt) and private real assets (private real estate, private infrastructure, natural resources, etc.) The evolution of these areas is significant — in 2017 they represented $1.5tn of assets under management — and should be integrated into any comprehensive book on the topic, as private companies finance through equity, debt and asset financing. Assets under management for private markets and private finance are expected to double by 2023, from $4tn to $8tn.”

Fully revised and updated to reflect changes in the private equity sector

Building on and refining the content of previous editions, Introduction to Private Equity, Debt and Real Assets, Third Edition adopts the same logical, systematic, factual and long-term perspective on private markets (private equity, private debt and private real assets) combining academic rigour with extensive practical experience.

The content has been fully revised to reflect developments and innovations in private markets, exploring new strategies, changes in structuring and the drive of new regulations. New sections have been added, covering fund raising and fund analysis, portfolio construction and risk measurement, as well as liquidity and start-up analysis. In addition, private debt and private real assets are given greater focus, with two new chapters analysing the current state of these evolving sectors.

• Reflects the dramatic changes that have affected the private market industry, which is evolving rapidly, internationalizing and maturing fast

• Provides a clear, synthetic and critical perspective of the industry from a professional who has worked at many levels within the industry

• Approaches the private markets sector top-down, to provide a sense of its evolution and how the current situation has been built

• Details the interrelations between investors, funds, fund managers and entrepreneurs

This book provides a balanced perspective on the corporate governance challenges affecting the industry and draws perspectives on the evolution of the sector.

Title: Introduction to Private Equity, Debt and Real Assets From Venture Capital to LBO, Senior to Distressed Debt, Immaterial to Fixed Assets
Author:
ISBN: 111953738X,9781119537380
Publisher: John Wiley & Sons
Genre: Business & Economics / Finance / General
Date Published:
Pages: 464
Preview Link: Google Preview Link

Download : Download Free Book

Leave a Comment