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Private Equity and Venture Capital

Approx. 10 hours to complete

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Course Summary

This course provides an introduction to private equity, covering the basics of the industry, its history, and its role in the global economy. Students will learn about the key players in private equity, the investment process, and the metrics used to evaluate potential investments.

Key Learning Points

Understand the basics of private equity, including its history and role in the global economy
Learn about the key players in private equity, including investors, management teams, and advisors
Explore the investment process, from sourcing and screening deals to conducting due diligence and negotiating terms
Gain insight into the metrics used to evaluate potential investments, including cash flow analysis, multiple analysis, and IRR

Learning Outcomes

Understand the fundamentals of private equity and its role in the global economy
Learn about the investment process and the metrics used to evaluate potential investments
Gain insight into the key players in private equity and the due diligence process

Prerequisites or good to have knowledge before taking this course

Basic understanding of finance and accounting concepts
Access to a computer with an internet connection

Course Difficulty Level

Intermediate

Course Format

Online
Self-paced

Similar Courses

Venture Deals
Corporate Finance Essentials
Mergers and Acquisitions (M&A)

Related Education Paths

Notable People in This Field

David Rubenstein
Henry Kravis
Steve Schwarzman

Related Books

Description

The course deals with the analysis of the private equity and venture capital business.

Over the course, students will be provided with a deep understanding of the mechanism underpinning the creation and/or development of a firm and the financial support it can get from the financial system through venture capital investment. The course tries to discover how special financial intermediaries (called private equity investors) finance through equity companies belonging to different stages of their life-cycle, starting from the very beginning (startup and early stage) to a more mature phase (i.e. expansion, mature age, etc.) or also staying into crises and decline. Private equity (named venture capital when the company is in the first phases of its life cycle) deals with very different activities, such as scouting, advisory, deal-making, valuation, and financing as financial intermediaries see it. COURSE SYLLABUS The course is made up of four different modules: WEEK 1 - Introduction to Private Equity and Venture Capital WEEK 2 - Discovering Private Equity Investors: Legal Issues and Taxation WEEK 3 - Management of Private Equity and Venture Capital Funds WEEK 4 - Company Valuation And Deal Making In Private Equity Settings WEEK 5 - Final Test Throughout the course, guest speakers and practitioners will be interviewed to provide some examples of concrete applications of the contents presented. RECOMMENDED BACKGROUND An understanding of the basic concepts of corporate financing accounting principles is required, while prior knowledge of private equity and venture capital is not required however it is recommended, as this is a course designed to introduce you to the fundamental concepts in private equity and venture capital.

Outline

An Introduction to Private Equity and Venture Capital
Course Introduction
1.1 What Is Private Equity and Venture Capital?
1.2 Why Companies Need Private Equity and Venture Capital
1.3 Private Equity Clusters: Through the Fund's Life Cycle
1.4 Seed, Startup, and Early Stage Financing
1.5 Expansion Financing
1.6 Replacement Financing
1.7 Vulture Financing
1.8 Private Equity and Venture Capital: Today and Tomorrow - Interview with Fabio Sattin
Grading Policy
Additional Readings
Glossary of Acronyms
Week 1 - Slides
Join The Discussion!
Week 1

Discovering Private Equity Investors: Legal Issues and Taxation
2.1 Private Equity Investors: The Map to Investigate
2.2 Closed-End Funds in Europe: An Overview
2.3 Closed-End Funds in Europe: Lifetime of a Fund
2.4 Management Fees and Carried Interest
2.5 Investment Firms and Banks in Europe
2.6 Limited Partnerships in the US
2.7 The SBIC Experience in the US
2.8 Funds and VCTs in the UK
2.9 Taxation around the World
2.10 New Solutions: SPACs, Private Debt Funds, Venture Philanthropy, and Crowd Funding
2.11 Calculating Returns
Week 2 - Slides
Excel Support File
Join The Discussion!
Week 2

The Management Of Private Equity And Venture Capital Funds
3.1 The Managerial Process for Equity Funds
3.2 Fundraising
3.3 Investing: The Decision Making Phase
3.4 Investing: The Deal Making Phase
3.5 Managing and Monitoring: Supporting the Company
3.6 Managing and Monitoring: Covenants Usage
3.7 Exiting
3.8 Private Equity Advice for Entrepreneurs - Interview with Fabio Sattin
Week 3 - Slides
Join The Discussion!
Week 3

Company Valuation And Deal Making In Private Equity Settings
4.1 Company Valuation Fundamentals
4.2 Company Valuation: The Pillars of DCF
4.3 A Case of Company Valutation for PE Investment
4.4 Applying Company Valuation to PE Settings
4.5 Applying Company Valuation to VC Settings: The Venture Capital Method
4.6 Launch Your Own Startup: Suggestions
4.7 PE and M&A - Interview with Eugenio Morpurgo
4.8 PE and IPO - Interview with Luca Peyrano
4.9 PE, Turnaround, and Restructuring - Interview with Raffaele Legnani
Week 4 - Slides
Support Files
Week 4

FINAL TEST
Final Test

Summary of User Reviews

Discover the world of Private Equity through this course on Coursera. Users have praised the course for its comprehensive content and practical examples. However, some users found the course to be too technical and lacking in interactive elements.

Key Aspect Users Liked About This Course

Comprehensive content and practical examples

Pros from User Reviews

In-depth coverage of Private Equity topics
Real-life case studies and examples
Engaging and knowledgeable instructor

Cons from User Reviews

Lack of interactive elements
Highly technical content may be difficult for some learners
Limited opportunities for hands-on practice

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