未公開株式：チャンスとリスク Private Equity : Opportunities and Risks

著者名：Baker, H. Kent (EDT)/Filbeck, Greg (EDT)/Kiymaz, Halil (EDT)

Oxford University Press（2015/06/25発売）

• 言語：ENG
• ISBN：9780199375875
• eISBN：9780190249731

Description

During the past few decades, private equity (PE) has attracted considerable attention from investors, practitioners, and academicians. In fact, a substantial literature on PE has emerged. PE offers benefits for institutional and private wealth management clients including diversification and enhancement of risk-adjusted returns. However, several factors such as liquidity concerns, regulatory restrictions, and the lack of transparency limit the attractiveness of some PE options to investors. The latest volume in the Financial Markets and Investments Series, Private Equity: Opportunities and Risks offers a synthesis of the theoretical and empirical literature on PE in both emerging and developed markets. Editors H. Kent Baker, Greg Filbeck, Halil Kiymaz and their co-authors examine PE and provide important insights about topics such as major types of PE (venture capital, leveraged buyouts, mezzanine capital, and distressed debt investments), how PE works, performance and measurement, uses and structure, and trends in the market. Readers can gain an in-depth understanding about PE from academics and practitioners from around the world.Private Equity: Opportunities and Risks provides a fresh look at the intriguing yet complex subject of PE. A group of experts takes readers through the core topics and issues of PE, and also examines the latest trends and cutting-edge developments in the field. The coverage extends from discussing basic concepts and their application to increasingly complex and real-world situations. This new and intriguing examination of PE is essential reading for anyone hoping to gain a better understanding of PE, from seasoned professionals to those aspiring to enter the demanding world of finance.

Table of Contents

Part I Introduction1. Private Equity: An OverviewH. Kent Baker, Greg Filbeck, and Halil Kiymaz2. The Economics of Private Equity: Background and BenefitsShantanu Dutta, Arup Ganguly, and Lin Ge3. Private Equity in the United States and Europe: Market and Regulatory Developments Alexandros SeretakisPart II Major Types of Private Equity4. Venture Capital in Europe: Myths and RealityJean-Michel Sahut and Eric Braunne5. Leveraged BuyoutsChristian Rauch and Marc P. Umber6. Mezzanine Capital and Commercial Real EstateJ. Dean Heller7. Distressed InvestmentsStephen G. Moyer and John D. MartinPart III How Private Equity Works8. Valuing Private EquityHarlan Platt and Emery Trahan9. Cost of Capital for Private EquityAlain Coën and Aurelie Desfleurs10. Liquidity Issues in Private Equity: Lessons Learned in the Post-Financial CrisisElif Akben Selcuk and Ayse Altiok Yilmaz11. Private Equity Portfolio Management: Challenges, Approaches, and Implementation Thomas Meyer and Tom Weidig12. The Role of Private Equity in IPOs: The Case of Venture Capital FirmsShantanu Dutta, Arup Ganguly, and Lin Ge13. Exit Strategies in Private EquityDidier Folus and Emmanuel BoutronPart IV Performance and Measurement14. Historical Performance of Private Equity: Cross-Country EvidenceKenneth Small and Jeff Smith,15. Benchmark Biases in Private Equity PerformanceRobert Spliid16. Return Persistence: Finding a Top Quartile ManagerAdrian Oberli17. Private Equity Due DiligenceManu Sharma and Esha PrasharPart V Private Equity: Uses and Structure18. Institutional Investors and Private EquityParvez Ahmed19. Private Equity and Value CreationPeter Harbula20. Compensation StructureJi-Woong Chung21. Global Regulatory and Ethical FrameworkHenry OrdowerPart VI Trends in Private Equity22. Private Investment in Public EquityNa Dai23. Listed Private EquityDouglas Cumming, Grant Fleming, and Sofia Johan24. Private Equity Growth in International and Emerging MarketsAlexander Peter Groh25. Diversification Benefits of Private Equity Funds-of-FundsAlex Buchner and Markus Kuffner26. Publicly Traded Private EquityHenry Lahr27. The Future of Private Equity: A Global PerspectiveDianna Preece