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Description
Private Equity and Venture Capital (PEVC) is a postgraduate module covering selected topics relating to private equity (PE). It addresses different private equity strategies and focuses notably on leveraged buyouts (LBOs) and venture capital (VC), as well as real estate (RE). The module covers topics such as the valuation of portfolio companies, structuring and financing of deals, calculating investments鈥� internal rate of return (IRR), paid-in capital (PIC), distributed to paid-in (DPI), residual value to paid-in (RVPI), and total value to paid-in (TVPI), as well as the distribution of returns to the partners at a PE fund.
The module examines VC investments, considering topics like term sheets, successive rounds of financing, and the role that angel investors can play in financing new ventures. The module will look at the range of risks faced by the general partners and limited partners of PE firms. Other topics may include growth equity funds, alternative PE investments such as distressed PE and real asset investing. PEVC also considers how PE firms exit their investments, with a focus on taking an investee company public and the associated IPO process. The module also features different approaches to valuing private real estate assets and investments.
The objective of this module is to expose students to the world of private equity at large by focusing on a blend of qualitative and quantitative topics related to the industry.
Module deliveries for 2024/25 academic year
Last updated
This module description was last updated on 8th April 2024.
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