In recent times, venture capital and private equity funds have
become household names, but so far little has been written for the
investors in such funds - the so-called 'limited partners'. There
is far more to the management of a portfolio of venture capital and
private equity funds than usually perceived. "Beyond the J Curve"
provides an innovative toolset for such limited partners to design
and manage portfolios tailored to the dynamics of this market
place, going far beyond the typical and often-simplistic recipe to
'go for top quartile funds'.
"Beyond the J Curve" provides the answers to key questions,
including: Why should 'top-quartile' promises be taken with a huge
pinch of salt and what does it takes to select superior fund
managers? What do limited partners need to consider when designing
and managing portfolios? How can one determine the funds' economic
value to help address 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 their portfolio?
How can the portfolio's returns be improved through proper
liquidity management and what should be considered when
over-committing? Why is uncertainty rather than risk an issue and
how can a limited partner 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.
""This is the first work that I have seen that
comprehensivelycovers the important subject of valuing, evaluating
and measuring the performance of private equity funds. Much has
been published in journals and papers on individual aspects of this
controversial subject by various segments of the stakeholder
universe - usually putting forward partisan viewpoints. This is the
first time that a holistic, integrated and disciplined framework
has been adopted. The approach taken has yielded a rich crop of
useful results including an innovative methodology for determining
fair value for private equity funds during the course of their long
lives; portfolio design and benchmarking methods; a prototype
grading and fund scoring system. Essential reading for investors
and a useful state-of-the-art reference manual for private equity
managers."" Christopher K. B. Brotchie, Formerly Chief Executive of
the Baring Private Equity Group and Member of the ING Management
Council
""The transactions, size and stories of private equity and
venture capital investment activity are the focus of many news
publications today. It is not quite the same situation in the area
of academic and technical publications, where much remains to be
researched and published. The authors of Beyond the J-Curve have
taken on the ambitious project of analysing the difficult and
controversial area of valuing fund portfolios. Their innovative and
integrated approach aims at opening up the framework within which
these valuations are practised by investors, and offers
alternatives. This is a welcome angle to the current debate among
investors, private equity and venture capital practitioners. The
subject is likely to spur substantial discussions and additional
technical publications. Beyondthe J-Curve is certainly a thorough
and pioneering contribution to that debate."" Javier Echarri,
Secretary General, European Private Equity & Venture Capital
Association
""Beyond the J Curve is a timely guide for investors in private
equity, with an elegant balance of analysis and practical
suggestions. Its emphasis on monitoring and active portfolio
management should promote more effective stewardship of private
equity assets in the future."" Brenlen Jinkens, Director, Cogent
Partners Europe
""Congratulations to both Thomas Meyer and Pierre-Yves Mathonet
for their publication Beyond the J curve. They should be highly
commended for breaking a long-standing taboo - investing in private
equity can now be modelled. Beyond the J curve not only reveals a
theoretical approach to Fair Value for private equity funds but
also proposes a complete approach for investors to build up, in
possession of the facts, a comprehensive and effective programme
for private equity investments. I am personally convinced that our
industry should become more involved into this type of approach in
order to best explain the interest of investing in private
equity."" Pierre Herve, General Secretary of Natexis private
Equity, Chairman of AFIC's Basel II and IFRS working groups, and
Member of EFRAG's Venture Capital working group
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
