* The first part explores the raising and structuring of private equity funds, as well as the perspective of investors.
* The second part explores the selection,oversight, and adding value to firms-the 'heart' of the private equity cycle.
* The third part describes how private equity groups reap attractive returns from successful investments.
* The final section explores the emerging efforts to translate the private equity model into other settings, such as corporate venturing programs.
|Edition description:||Older Edition|
|Product dimensions:||8.32(w) x 10.30(h) x 1.12(d)|
About the Author
Dr. Josh Lerner is a Strategic Advisor at Master Minds. He is a Senior Advisor at Grove Street Advisors, LLC. Dr. Lerner works with the firm in an advisory role with a particular emphasis on helping the firm and its clients identify and respond to key trends in the private equity industry. He is the Jacob H. Schiff Professor of Investment Banking at Harvard Business School, with a joint appointment in Finance and the Entrepreneurial Management. Dr. Lerner's research ... focuses on the structure of private equity and venture capital organizations and their role in transforming scientific discoveries into commercial products. Much of his research is collected in The Venture Capital Cycle, MIT Press, 1999 and The Money of Invention, Harvard Business School Press, 2001. Dr. Lerner also teaches doctoral courses on entrepreneurship and empirical methods in corporate finance, as well as executive education offerings.Dr. Lerner serves as a Research Associate in the Corporate Finance and Productivity Programs and a Co-Editor of Innovation Policy and the Economy. In the 1993-1994 academic year, Dr. Lerner introduced an elective M.B.A. course on private equity and venture capital. He was a Venture Advisor at Zero Stage Capital. Dr. Lerner examined the impact of intellectual property protection, particularly patents, on the competitive strategies of firms in high-technology industries. He founded, raised funding for, and organized two groups at the National Bureau of Economic Research: the Entrepreneurship Working Group and the Innovation Policy and the Economy Group.He worked for several years on issues concerning technological innovation and public policy at the Brookings Institution, for a public-private task force in Chicago, and on Capitol Hill. Dr. Lerner recently led an international team of scholars in a study of the economic impact of private equity for the World Economic Forum. He is a Member of the Advisory Board of RBC Venture Partners and also for Zero Stage Capital. Dr. Lerner serves as a Harvard Business School's representative on Harvard University Patent, Trademark and Copyright Committee and the Provost's Committee on Technology Transfer. He holds a Ph.D. in Economics from Harvard University and a B.A. from Yale College with a special divisional major which combined Physics with the history of Technology.
Table of Contents
|1||Private Equity Today and Tomorrow||1|
|2||Martin Smith: January 2000||11|
|3||Yale University Investments Office: July 2000||25|
|4||Acme Investment Trust||52|
|5||A Note on Private Equity Partnership Agreements||62|
|6||University Technology Ventures: October 2000||74|
|7||A Note on the Private Equity Fundraising Process||90|
|8||Columbia Capital Corporation: Summer 1998||96|
|10||Adams Capital Management: March 1999||139|
|11||Martin Smith: May 2000||157|
|12||Apax Partners and Dialog Semiconductor: March 1998||176|
|13||A Note on Valuation in Private Equity Settings||197|
|14||A Note on European Private Equity||218|
|15||Securicor Wireless Networks: February 1996||237|
|16||Metapath Software: September 1997||252|
|17||A Note on Private Equity Securities||265|
|18||Venture Capital Case Vignettes||274|
|19||New Business Investment Company: October 1997||278|
|20||Investori Associati: Exiting the Savio LBO (A)||309|
|21||A Note on the Initial Public Offering Process||334|
|22||RogersCasey Alternative Investments: Innovative Responses to the Distribution Challenge||340|
|Module 4.||New Frontiers||357|
|23||Intel 64 Fund||361|
|24||A Note on Corporate Venture Capital||372|
|25||CMGI: Organizational and Market Innovation||378|
|26||CDC Capital Partners||400|
|27||A Note on Private Equity in Developing Countries||427|
|Career Issues & Wrap-Up||438|
|28||Joe Casey: January 2000||438|
|29||A Note on Private Equity Information Sources||453|