Venture Capital and Private Equity: A Casebook

by Josh Lerner

What Explains the Recent Tremendous Growth in Private Equity Funds? How Have These Funds Created so Much Value? Can We Expect This Kind of Growth in Other Countries and Other Types of Investments? The pool of U.S. private equity funds has grown from $5 billion in 1980 to over $175 billion in 1999. Private equity's recent growth has outstripped that of almost every class of financial product. Whether you are an entrepreneur seeking private equity finance, a private equity investor grappling with the industry's changes, or an investor interested in private equity as a potential investment, this book is required reading! It presents a collection of real world cases-supplemented by detailed industry notes-that explore the exciting and dynamic world of venture capital and buyout funds. The organization mirrors that of the venture capital/private equity process
* The first part explores the raising and structuring of private equity funds, as well as the perspective of investors.
* The second part explores the selection,oversight, and adding value to firms-the 'heart' of the private equity cycle.
* The third part describes how private equity groups reap attractive returns from successful investments.
* The final section explores the emerging efforts to translate the private equity model into other settings, such as corporate venturing programs.

Genres: Finance, Business, Economics, Management, Buisness

540 pages, Hardcover

First published August 27, 1999

Reviews

[Monzenn · Rating 5 out of 5]

A great compilation of case studies regarding the overall VC and PE cycle. Glad to have gotten the 5th Ed as well as it deals with the GFC aftermath, which is also informative.

[Alvin Lim · Rating 4 out of 5]

Over the past twenty years, the private equity industry has undergone tremendous growth and sweeping changes.? With the growth of private equity investing, it is imperative that financial professionals fully understand this complex subject.? The cases and notes in this updated edition are designed to provide you with a better understanding of the history of the private equity industry's development and the workings of the industry today. Divided into four modules, the first examines how private equity funds are raised and structured; the second considers the interactions between private equity investors and the entrepreneurs that they finance; the third discusses the process through which private equity investors exit their investments; and the last considers the future of the private equity industry

[Tom · Rating 3 out of 5]

Great for PE, not that great for VC.