Private Equity as an Asset Class

by Guy Fraser-Sampson

Unfairly reviled, and much misunderstood, private equity differs from all other asset classes in various important respects, not least the way in which its fund mechanisms operate, and the way in which its returns are recorded and analysed. Sadly, high level asset allocation decisions are frequently made on the basis of prejudice and misinformation, rather than a proper appreciation of the facts. Guy Fraser-Sampson draws upon more than twenty years of experience of the private equity industry to provide a practical guide to mastering the intricacies of this highly specialist asset class. Aimed equally at investors, professionals and business school students, it starts with such fundamental questions as ’what is private equity?’ and progresses to detailed consideration of different types of private equity activity such as venture capital and buyout. Rapid and significant changes in the environment during the recent financial crisis have prompted the need for a new edition. Separate chapters have been added on growth and development capital, as well as secondary investing. Newly emergent issues are considered, such as lengthening holding periods and the possible threat of declining returns. Particular problems, such as the need to distinguish between private equity and hedge funds, are addressed. The glossary has also been expanded. In short, readers will find that this new edition takes their understanding of the asset class to new heights. Key points include:

Genres: Finance, Business, Nonfiction

288 pages, Hardcover

First published January 1, 2007

About the author

Guy Fraser-Sampson is an established writer best known for his series of ‘Mapp and Lucia’ novels which have been featured on BBC Radio 4 and optioned by BBC television.
Originally a corporate lawyer, he currently teaches at Cass Business School and acts as a board advisor to high growth companies.

Reviews

[Said AlMaskery · Rating 4 out of 5]

Well written and full with practical details on how PE works.

[Bruno Provencher · Rating 3 out of 5]

Good introduction to private equity and the working of a private equity fund. -Lacks details about transactions and analysis.

[Catherine (The Gilmore Guide to Books) · Rating 2 out of 5]

Real page turner! This has been sitting on my desk for 3 months. I mainly use the glossary to look up words I don't know from meetings.

I finally gave up and returned it. I know I need the info but it is the last thing I want to read at the end of the day!

[Ilya · Rating 3 out of 5]

Apparently the "definitive text" on PE. I certainly found it helpful, but it could have been done better...

[Muhammad Huzaifah · Rating 2 out of 5]

Buku ini lebih kepada orang umum yang nak melabur dalam PE dan kebanyakan yang ditulis adalah pada paradigma orang umum dan bukan orang yang melaburkan duit.