Pierre-Yves Mathonet – författare
Beyond the J Curve
Managing a Portfolio of Venture Capital and Private Equity Funds
842 kr
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994 kr
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Beyond the J Curve provides the answers to key questions, including:
Why ''top-quartile'' promises should be taken with a huge pinch of salt and what it takes to select superior fund managers? What do limited partners need to consider when designing and managing portfolios? How one can determine the funds'' economic value to help addressing the questions of ''fair value'' under IAS 39 and ''risk'' under Basel II or Solvency II? Why is monitoring important, and how does a limited partner manage his portfolio? How the portfolio''s returns can be improved through proper liquidity management and what to consider when over-committing? And, why uncertainty rather than risk is an issue and how a limited partner can address and benefit from the fast changing private equity environment?Beyond the J Curve takes the practitioner''s view and offers private equity and venture capital professionals a comprehensive guide making high return targets more realistic and sustainable. This book is a must have for all parties involved in this market, as well as academic and students.
1 369 kr
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Factors that can sometimes cause institutions to shy away from venture capital are the industry’s opaque track record, unclear valuations and risks, perceived lack of transparency as well as the significant entry barriers to overcome before tangible results show. These issues are all addressed in details with practical solutions to the problems. Among other topics J-Curve Exposure includes discussions of:
Experiences with the adoption of the International Private Equity and Venture Capital Valuation Guidelines to address fair value under IFRS. Approaches for splitting and prioritizing distributions from private equity funds. Techniques for track record analysis and other tools to help limited partners in their due diligence. Approaches to dealing with uncertainty, the relevance of real options, and co-investments and side funds as advanced portfolio management techniques. Questions related to limited partner decision making fallacies and how to manage portfolios of VC funds. Securitization backed by portfolios of investments in private equity funds.Real life case studies illustrate the issues relevant for the practitioner.
208 kr
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