Private Equity as an Asset Class (Wiley Finance Series) - Hardcover

"...a comprehensive attempt to get to the bottom of private equity returns over the past 15 years or so." (The Daily Telegraph, February 2007) "...a book that anyone who has even a passing interest in the PE business can pick up and delve into " (Banker Middle East, April 2007) "...the first textbook about private equity for investors" (Management Today, May 2007) "Guy Fraser Sampson conveys the complex specifics of private equity with some ease." (Investment & Pensions Europe, June 2007)

Guy Fraser-Sampson draws upon twenty years' private equity experience to provide a practical guide to mastering the intricacies of this highly specialist asset class. Aimed equally at investors, professionals and business school students, it starts with such fundamental questions as 'what is private equity?' and progresses to detailed analysis of venture and buyout returns. It also unveils a totally new concept which looks set to revolutionize thinking in the industry: total return investing. Often unfairly reviled, and frequently misunderstood, private equity differs from all other asset classes in various important respects, not least in the nature and timing of its returns, which require a whole new approach for those reared on more traditional investments such as bonds and shares.This book shows how a good grasp of the basic structure of private equity vehicles and returns (including the dreaded J-curve) can lead to full understanding of the techniques needed to measure and analyze performance. The key points include: a glossary of private equity terms; entire funds and transactions; buyout funds and transactions; understanding private equity returns; analysis of historic returns; how to plan a fund investment program; and, how to conduct effective due diligence.