In Private Capital: The Complete Guide to Private Markets Investing, renowned private markets investor and expert Dr. Stefan W. Hepp delivers an insightful and comprehensive exploration of the history, nature, and influence of private market investing. The author offers a robust examination of the key practical and conceptual issues faced by investors as they move forward into the future.
In the book, you'll find fulsome discussions of the rise of private market investment following the conclusion of World War II, as well as why the limited partnership became the dominant investment vehicle for private equity. You'll also discover the importance of the convergence of technology, government, academia, and venture capital that came to define what we now know as Silicon Valley.
The book includes:
* Explanations of the emergence of buyout firms, as well as why and how buyouts differ from other forms of mergers and acquisitions
* Examinations of the explosive growth of private equity and other private asset classes since the turn of the millennium
* Discussions of the issues set to dominate the future of private markets, including ESG investing, value creation, unicorns, special purpose acquisition companies (SPACs), and more
A must-read book for regulators, investors, asset managers, entrepreneurs, founders, and other businesspeople, Private Capital will earn a place on the bookshelves of anyone with a stake or interest in private equity and other private asset classes.
Private markets investing has undergone a remarkable transformation over the past two decades, with assets under management soaring to an astounding $10 trillion in 2022. This explosive growth has sparked a need for a comprehensive resource that offers a deep dive into the industry's evolution, key aspects, and ecosystem.
Enter this book. It offers a wealth of insights into the private markets landscape, examining the risk-reward profiles of different private market investments, analyzing the industry's track record, and exploring the drivers of deal-making and value creation during different cycles. Drawing on both practitioner knowledge and academic research, this book provides a holistic understanding of the industry.
The book also explores present-day developments that have reshaped the private markets industry, such as the rise of unicorns, SPACs, and permanent capital. It delves into the tools and concepts that industry players use to examine investment opportunities and make informed investment decisions.
Whether you're an institutional investor, banker, mainstream asset manager, financial professional, or student, this book offers relevant content. It offers the first compendium to provide an in-depth overview of the full spectrum of private markets investing, making it a desirable addition to any investor's library.
