Venture Capital and Private Equity: A Casebook

Features

• Cover Type: Hard Cover with 576 pages
• Published by: Wiley
• Edition: 3rd Edition October 15, 2004
• Written in: English
• ISBN 10 Number: 0471230693
• ISBN 13 Number: 978-0471230694
• Book Dimensions: 10.1 x 8 x 1 inches
• Weighs: 2.7 pounds

Reader Reviews
This review is from: Venture Capital and Private Equity: A Casebook (Hardcover) Over the past few years the institutional private equity market has exploded. Riding on the backs phenomenal public markets and a wave of technological innovation, private equity in general and venture capital has become one of the most sought after investments. However, given the rash of recent publicity, stellar performance, and a balooning assets, there's surprisingly little research available about the institutional private equity market. Profs. Lerner and Gompers currently account for probably half of all academic research in this market. The institutional private equity market is quite different from angel investments. The majority of the capital at the institutional level flows from large investment institutions like public pensions, endowments and insurance companies. Moreover, the personal investing into private companies do so professionally. More than anything, the book serves as a primer to the institutional private equity market. The book was intitially meant for HBS and other MBA students. Thus, almost all the content is in case study form. In a lot of respects this is advantageous. In general, a book either has the option of being a primer or providing high level analysis on a very specific topic. Clearly this book is the former. In my opinion, the downfall of most primers are the oversimplification of topics and useless generalizations. Given the early stages of the institutional private equity market, generalizations are especially questionable and difficult. On the other hand, the case method presents users with numerous situations and predicaments facing the participants. As a result, readers gain an understanding of the issues facing this market from a number of perspectives. This books provides useful information on key topics such as investing and analyzing private equity funds from an institution's perspective, fund of funds, forming a private equity fund, and the direct investments into companies by the private equity funds, along with many other topics. Whatever level the private equity professional is functioning, understanding each of these components I imagine is key. This casebook provides an very good overview of the institutional private equity market. Likewise, to the best of my knowledge, this is the only book covering this topic. Comment | | (Report this)