Call Number | 17131 |
---|---|
Day & Time Location |
W 6:00pm-9:15pm 620 Kravis Hall |
Points | 1.5 |
Grading Mode | Standard |
Approvals Required | None |
Instructors | Michael Ewens Kevin Lu |
Type | LECTURE |
Course Description | The course "Private Equity: Capital Formation, Innovation, and Impact" focuses on the dynamics in private equity between General Partners (GPs) and Limited Partners (LPs), especially through the private equity capital formation process, the market innovations driven by the needs of both GPs and LPs and the increasing emphasis on sustainability and impact. We start with an overview of the investor’s – limited partner’s – problem: allocating capital to private equity managers, funds and co-direct investments. The course covers the major types of limited partners, including both the traditional LPs, such as pensions, endowment, and insurers, and the fastest growing global LP segments, such as sovereign wealth funds in Asia and the Middle East, family offices, and private wealth in Europe and Asia. We will investigate how illiquidity and the absence of periodic mark-to-markets stress the traditional portfolio construction problem. The private equity industry has experienced several financial innovations that have altered the risk-return profile and impacted the set of investors able to access the asset class. We will discuss secondary transactions, evergreen structures, and co-investments. Finally, given their size and political influence, institutional investors are at the forefront of sustainability and ESG initiatives. The course will cover how private equity uniquely addresses these challenges. The course includes lectures, case discussions, and guest speakers. The topics covered in the class include: |
Web Site | Vergil |
Department | Finance |
Enrollment | 68 students (74 max) as of 12:05PM Sunday, December 8, 2024 |
Subject | Finance |
Number | B8335 |
Section | 001 |
Division | School of Business |
Open To | Business, Journalism |
Section key | 20243FINC8335B001 |