Private Equity Module
What is Private Equity and why invest in PE Funds
Difference between PE Funds, Hedge Funds and other Alternative Asset Classes
Venture Capital and Buyout Funds
Private Equity in US, Europe and Emerging Markets
Private Equity Fund Structures; General Partner, Limited Partner, Fee structure, Carried Interest, Drawing and returning capital, lock up period
Investment Process; Business Plan, Due Diligence, Financing Structure, Drawdown, Investing period
Degree of Leverage
Information Deficiency, managing and avoiding conflicts, liquidity concerns, Syndicationand Completion
Performance Measurements and Challenges
Modern Portfolio Theory and Private Equity; return, volatility,correlation and Efficient Frontier
Performance Attribution by Partner, Strategy and Event
Performance Prediction
Sample Selection
Impact of Limited Liquidity
Investment Rationale for Institutional Investors
Asset Allocation, Correlation with other Asset Classes
Managing and Monitoring a Portfolio of PE
Risk Management and PE
Management Fee Structure
Hurdle Rate