Mastering Private Equity Quotes

“Deal sourcing is a time-consuming and inefficient process, requiring a thorough review of deals at varying stages of progress.”
― Claudia Zeisberger, Mastering Private Equity: Transformation via Venture Capital, Minority Investments and Buyouts

“Three components define a buyout strategy: equity control, leverage and economic alignment.”
― Claudia Zeisberger, Mastering Private Equity: Transformation via Venture Capital, Minority Investments and Buyouts

“Growth equity funds invest in fast-growing, established companies in return for a minority equity share and make a concerted effort to establish a solid partnership with all company stakeholders (especially majority owners).”
― Claudia Zeisberger, Mastering Private Equity: Transformation via Venture Capital, Minority Investments and Buyouts

“Growth equity funds invest predominantly in three types of businesses: late-stage venture capital-backed companies, mature small and medium-sized enterprises (SMEs), and spin-offs from large corporations.”
― Claudia Zeisberger, Mastering Private Equity: Transformation via Venture Capital, Minority Investments and Buyouts

“Growth equity funds occupy the space between (and thus complement) venture and buyout investing, providing fast-growing but established businesses with funds and support for a transformational leap in their development.”
― Claudia Zeisberger, Mastering Private Equity: Transformation via Venture Capital, Minority Investments and Buyouts

“Deal-by-deal carry (with loss carry-forward): Also known as an American-style waterfall, this structure entitles a GP to carried interest after each profitable exit from a portfolio investment during the fund’s life, but only after investors have received their invested capital from the deal in question, a preferred return and a “make whole” payment for any losses incurred on prior deals.”
― Claudia Zeisberger, Mastering Private Equity: Transformation via Venture Capital, Minority Investments and Buyouts

“Carried interest is the share of a fund’s net profits paid to its GP—typically 20%—and serves as the main incentive for a PE firm’s principals.”
― Claudia Zeisberger, Mastering Private Equity: Transformation via Venture Capital, Minority Investments and Buyouts

“The opportunity to improve companies, the ability to have an alignment of interest with management and us being the shareholders with long-term, patient capital—to me, these are the hallmarks of private equity.”
― Claudia Zeisberger, Mastering Private Equity: Transformation via Venture Capital, Minority Investments and Buyouts