Product Description

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 describes 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 ‘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.

Product Details

• Amazon Sales Rank: #226880 in Books
• Published on: 2005-07-01
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 384 pages

Review
"...highlights why limited partners are bad performers and provides guidance for investments..." (Financial Times, 1st August 05)

"...an interesting book on a fascinating subject" (Professional Investor, Dec/Jan 05/06)

Review
"...highlights why limited partners are bad performers and provides guidance for investments..." (Financial Times, 1st August 05)

"...an interesting book on a fascinating subject" (Professional Investor, Dec/Jan 05/06)

Professional Investor, Dec/Jan 05/06
"an interesting book on a fascinating subject"

Customer Reviews

Excellent guide to the inner workings of Private Equity Funds
This book provides excellent insight on the various aspects of the Private Equity market. It describes the environment and structure of the funds themselves, their interest as an asset class and a very useful toolkit for a professional investor define its Private Equity investment strategy.

From my point of view I have found three thinks most useful about the book:

1 - The balance struck between a hard quantitative approach and all the soft side that must be considered when evaluating this asset class;
2 - The many examples and templates that help bring the issues discussed to practical use;
3 - Its clear focus on European Private Equity, which is a plus if you are interested in this specific market.

All in all very helpful reading if you are considering investing in European Private Equity.