Guy Fraser-Sampson draws upon twenty years' private equityexperience to provide a practical guide to mastering theintricacies of this highly specialist asset class. Aimed equally atinvestors, professionals and business school students, it startswith such fundamental questions as "what is private equity?" andprogresses to detailed analysis of venture and buyout returns. Italso unveils a totally new concept which looks set to revolutionisethinking in the industry: Total Return investing.
Often unfairly reviled, and frequently misunderstood, privateequity differs from all other asset classes in various importantrespects, not least in the nature and timing of its returns, whichrequire a whole new approach for those reared on more traditionalinvestments such as bonds and shares. This book shows how a goodgrasp of the basic structure of private equity vehicles and returns(including the dreaded J-curve) can lead to full understanding ofthe techniques needed to measure and analyse performance.
Key points include:
* A glossary of private equity terms
* Venture funds and transactions
* Buyout funds and transactions
* Understanding private equity returns
* Analysis of historic returns
* How to plan a fund investment programme
* How to conduct effective due diligence
* Total Return investing
Guy Fraser-Sampson
Finance & Investments Finanz- u. Anlagewesen Investments & Securities Kapitalanlage Kapitalanlagen u. Wertpapiere
"...a comprehensive attempt to get to the bottom of private equityreturns over the past 15 years or so as well as being awell-written overview of the buyout and venture markets." (TheDaily Telegraph, February 2007)
"...the first ever book that anyone who has even apassing interest in the PE business can pick up and delve intowithout feeling intimidated...will appeal to even the mostjaded investor." (Banker Middle East, April2007)
"...the first textbook about private equity forinvestors" (Management Today, May 2007)
"Guy Fraser Sampson conveys the complex specifics of privateequity with some ease. His introduction to private equity isstimulating reading for experts and non-experts." (Investment& Pensions Europe, June 2007)
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