PRIVATE EQUITY AND VENTURE CAPITAL

Code Cours
2324-IÉSEG-M1S2-FIN-MA-EI92UE
Language of instruction
English
Teaching content
FINANCE
Training officer(s)
C.CHOUARD
Stakeholder(s)
C.CHOUARD
Level
Master
Program year
Period

Présentation

Prerequisite
- Financial Markets
- Portfolio Management and Analysis
Goal
At the end of the course, the student should be able to:

- Understand what Private Equity is
- Understand the specifics relative to conventional asset management (listed assets)
- Understand the benefits and risks
- Understand the challenges of this industry
Presentation
*What is finance all about ?
*Fund management overview
*Listed and non listed assets - liquidity - trading platforms
*About financial leverage
*Private equity or private debt ?
*Return : income and capital gains. The J curve
*Creating value - Valuation issues
*Capital calls, distributions, share classes, carried interest, warranties, insurance
*The regulation
*Challenges of the Private Equity industry

Modalités

Organization
Type Amount of time Comment
Présentiel
Cours magistral 16,00
Travail personnel
Charge de travail personnel indicative 16,00
Overall student workload 32,00
Evaluation
Students will have to be able to describe in writing the main concepts taught during the course.

Ressources

Bibliography
Private Equity 4.0 : Reinventing Value Creation, Benoît Leleux, Hans van Swaay, Esmeralda Megally, Wiley, 2015 -
Private Equity: Opportunities and Risks, H. Kent Baker, Greg Filbeck, Oxford University Press, 2015 -
The Private Equity Edge: How Private Equity Players and the World's Top Companies Build Value and Wealth, Arthur B. Laffer, William J. Hass, McGraw Hill 2009 -