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Private Equity Mathematics

£429.00

Key Information

  • ISBN: 978-1-908783-74-5
  • Publication Date: JULY 2014
  • Number of Pages: 236

Edited by Oliver Gottschalg of HEC Paris and PERACS Private Equity Track Record Analytics, this guide contains the latest and most sophisticated mathematical tools and methods to inform and guide investors to make the right private equity investments today.

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Applied analytics and quantitative methods for private equity investing.

There now exists sophisticated quantitative methods for private equity GPs and LPs to assess investment opportunities, to value businesses, to benchmark portfolio performance, and to design incentives for executives and managers.

Edited by Oliver Gottschalg of HEC Paris and PERACS Private Equity Track Record Analytics, Private Equity Mathematics, Second Edition, is a must-have publication for all professionals investing in private equity assets and funds. This book is a valuable and practical resource with topics ranging from performance measurement and benchmarking, cash flow patterns and risks of private equity investing, to the economic and legal aspects of operating a private equity firm or investment programme.

In addition to updated and expanded content, this guide features recent advancements in performance measurement, benchmarking and risk assessment.

This guide will help you to:

Understand the fundamentals of private equity investing and value creation drivers
Gain insight into the issues with inappropriate use of common performance measures
Optimise the measurement, management and integration of risk in the portfolio
Develop more sophisticated methods and benchmarks to assess investment performance
Better understand how to measure volatility in private equity investing.

…and much more.

Who should read this guide?

  • Fund managers
  • Fund of fund managers
  • Institutional investors
  • Lawyers
  • Consultants
  • Bankers
  • Academics
  • Analysts

Satyan Malhotra, Caspian Private Equity

Ivan Herger, Capital Dynamics

Fernando Vazquez, PERACS Private Equity Track
Record Analytics

Robert M. Ryan, PERACS Private Equity Track Record Analytics

Bernd Kreuter, Palladio Partners

Elias Korosis, Hermes GPE and Roy Kuo, Church Commissioners

Brian Gallagher, Twin Bridge Capital Partners

Alexander Peter Groh, EMLYON Business School

Michael J. Album, Proskauer Rose LLP

Trevor J. Chaplick, Proskauer Rose LLP

Joshua M. Miller, Proskauer Rose LLP

Jenny Wheater and Pierfrancesco Carbone, Duane Morris LLP

John Barber, Bridgepoint

Leon Hadass, Pantheon and Arantxa Prado

Michael J. Ryan, Hamilton Lane

Griffith Norville, Hamilton Lane

Section 1: Fundamentals

1. Private equity as part of your portfolio
Satyan Malhotra, Caspian Private Equity

2. Measuring private equity performance: a closer look
Ludovic Phalippou, University of Oxford

3. The private equity J-curve: Cash flow considerations from primary and secondary points of view
Ivan Herger, Capital Dynamics

4. Evaluating the private equity risk profile for GPs and LPs
By Fernando Vazquez, PERACS Private Equity Track Record Analytics

5. A Monte Carlo approach for risk management in private equity portfolios
Bernd Kreuter, Palladio Partners and Oliver Gottschalg, HEC Paris and PERACS Private Equity Track Record Analytics

6. Adventures in risk budgeting: moving forward on private equity portfolio risk
Elias Korosis, Hermes GPE and Roy Kuo, Church Commissioners

Section 2: Investing

7. Performance drivers in private equity investments
Oliver Gottschalg, HEC Paris and PERACS Private Equity Track Record Analytics

8. Valuing private equity buyouts
Brian Gallagher, Twin Bridge Capital Partners

9. Private equity performance benchmarking
Robert M. Ryan, PERACS Private Equity Track Record Analytics

10. Benchmarking leveraged buyouts against comparable public market investments
Alexander Peter Groh, EMLYON Business School

11. A pragmatic approach to estimating the relative performance of private equity investments
Oliver Gottschalg, HEC Paris and PERACS Private Equity Track Record Analytics

12. Measuring and interpreting performance persistence in private equity
Oliver Gottschalg, HEC Paris and PERACS Private Equity Track Record Analytics

Section 3: Fund and Portfolio Management

13. Compensation issues for management in a US MBO
Michael J. Album, Trevor J. Chaplick, and Joshua M. Miller, Proskauer Rose LLP

14. Compensation issues for management in a European MBO
Jenny Wheater and Pierfrancesco Carbone, Duane Morris LLP

15. Management fee, carried interest and other economic terms of private equity funds
John Barber, Bridgepoint

16. Fund of funds portfolio perspective
By Leon Hadass, Pantheon and Arantxa Prado

17. Insights in assessing the performance of private equity service providers
Michael J. Ryan, Hamilton Lane

18 Measuring volatility in private equity
Griffith Norville, Hamilton Lane

Glossary

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