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Private equity

Private equity
A private equity investment will generally be made by a private equity firm, a venture capital firm or an angel investor. Each of these categories of investor has its own set of goals, preferences and investment strategies; however, all provide working capital to a target company to nurture expansion, new-product development, or restructuring of the company’s operations, management, or ownership.[2] Bloomberg Businessweek has called private equity a rebranding of leveraged buyout firms after the 1980s. Among the most common investment strategies in private equity are: leveraged buyouts, venture capital, growth capital, distressed investments and mezzanine capital. Private equity is also often grouped into a broader category called private capital, generally used to describe capital supporting any long-term, illiquid investment strategy. Strategies[edit] The strategies private equity firms may use are as follows, leveraged buyout being the most important. Leveraged buyout[edit] Notes: Related:  Wikipedia A

Harvard College Harvard College is one of two schools within Harvard University granting undergraduate degrees (the other being Harvard Extension School). Founded in 1636 in Cambridge, Massachusetts, it is the oldest institution of higher learning in the United States[1] and one of the most prestigious in the world.[2] History[edit] Harvard's first instructor, schoolmaster Nathaniel Eaton (1610–1674), was also its first instructor to be dismissed—in 1639 for overstrict discipline.[5] The school's first students were graduated in 1642. At the time of Harvard's founding (as today) the "colleges" of England's Oxford and Cambridge Universities were communities within the larger university, each an association of scholars (both established and aspiring) sharing room and board; Harvard's founders may have envisioned it as the first in a series of sibling colleges which, on the English model, would eventually constitute a university. Academics[edit] House system[edit] Lowell House in autumn. Athletics[edit]

Working capital Working capital (abbreviated WC) is a financial metric which represents operating liquidity available to a business, organization or other entity, including governmental entity. Along with fixed assets such as plant and equipment, working capital is considered a part of operating capital. Gross working capital equals to current assets. Net working capital (NWC) is calculated as current assets minus current liabilities.[1] It is a derivation of working capital, that is commonly used in valuation techniques such as DCFs (Discounted cash flows). If current assets are less than current liabilities, an entity has a working capital deficiency, also called a working capital deficit. Calculation[edit] The basic calculation of the working capital is done on the basis of the gross current assets of the firm. Basic formula[edit] working capital = Gross Current assetsNet working capital = Current assets – Current liabilities. Inputs[edit] Working capital management[edit] Decision criteria[edit]

List of private equity firms The following are several lists of notable private equity firms based on criteria laid out in each list. Largest private equity firms[edit] The following is a ranking of the largest private equity firms published in 2013. The list includes very few venture capital firms, which tend to be smaller than their leveraged buyout counterparts; for a list of those see List of venture capital firms. List of investment banking private equity groups[edit] The following is a list of notable private equity firms and merchant banking and other private equity groups that currently reside within investment banking firms or have previously completed a spinout from an investment banking firm: [defunct] ^ Defunct banking institution Notable private equity firms[edit] The following is a list of notable private equity firms:[2] See also[edit] Related lists[edit] Other lists[edit] References[edit] Jump up ^ [1].

ASX stripped of supervising role - Inside Business - ABC MICHAEL ROWLAND, PRESENTER: Well as Mark has just mentioned, it wasn't a great week for the ASX, with the Federal Government announcing ASX will be stripped of its role supervising and policing markets. Its monopoly grip on securities trading has been considerably weakened as well. Kathy Swan reports. KATHY SWAN, REPORTER: Buying or selling, the one player that never loses on the stock market is the operator; the ASX, which clips the ticket on every trade. While the Exchange can trace its history back to the 1860s, it all got a little too complex about a decade ago when the monopoly holder also became a listed company, making it both umpire and player. NATHAN LYNCH, EDITOR, COMPLINET ASIA PACIFIC: In the last financial year the ASX had revenue of about $538 million. KATHY SWAN: But that's all about to change. (from press conference) CHRIS BOWEN, FINANCIAL SERVICES MINISTER: Australia will have a single, unified supervisor for market participates.

Wharton School of the University of Pennsylvania The Wharton School of the University of Pennsylvania (also known as the Wharton School, the Wharton School of Business, or Wharton) is the business school of the University of Pennsylvania, a private, Ivy League university in Philadelphia, Pennsylvania. Wharton is the United States' oldest business school and the world’s first business school affiliated with an institution of higher learning.[3] It was established in 1881 through a donation from Joseph Wharton.[4] The Wharton School's preeminent faculty is the world’s most published and most cited among business schools.[5][6] The University of Pennsylvania, Wharton's parent institution, is America's first university,[7][8] founded by statesman and United States' founding father Benjamin Franklin. Wharton is widely considered to be one of the world's top business schools, as well as the foremost institution in regard to business research.[6] In the comprehensive 2014/15 business school report by U.S. History[edit] 1881 to 1915[edit]

Discounted cash flow In finance, discounted cash flow (DCF) analysis is a method of valuing a project, company, or asset using the concepts of the time value of money. All future cash flows are estimated and discounted to give their present values (PVs)—the sum of all future cash flows, both incoming and outgoing, is the net present value (NPV), which is taken as the value or price of the cash flows in question. Present value may also be expressed as a number of years' purchase of the future undiscounted annual cash flows expected to arise. Discounted cash flow analysis is widely used in investment finance, real estate development, corporate financial management and patent valuation. Discount rate[edit] The most widely used method of discounting is exponential discounting, which values future cash flows as "how much money would have to be invested currently, at a given rate of return, to yield the cash flow in future." History[edit] Mathematics[edit] Discounted cash flows[edit] where Continuous cash flows[edit]

Private equity secondary market - Wiki In finance, the private equity secondary market (also often called private equity secondaries or secondaries) refers to the buying and selling of pre-existing investor commitments to private equity and other alternative investment funds. Sellers of private equity investments sell not only the investments in the fund but also their remaining unfunded commitments to the funds. By its nature, the private equity asset class is illiquid, intended to be a long-term investment for buy-and-hold investors. For the vast majority of private equity investments, there is no listed public market; however, there is a robust and maturing secondary market available for sellers of private equity assets. Driven by strong demand for private equity exposure, a significant amount of capital has been committed to dedicated secondary market funds from investors looking to increase and diversify their private equity exposure. Secondary market participants[edit] Types of secondary transactions[edit] History[edit]

Access to Capital » Equity Capital Sorry to disappoint if you thought this was going to be a piece on something of a more romantic nature. I am sure if you look hard enough on the internet you can find material of this nature. When we talk about going all the way its about asking this question: Do you have a vision and desire to see your company capitalised, liquid and your investors (including yourself) having the ability to undertake unrestricted buyer offers and sales of securities in your company? In other words do you see yourself achieving a listing of your business on an exchange? YES or NO? The answer to that question alone can singularly determine the success or failure of your ability to raise capital. Let me explain: Investors are in the box seat. Managed Funds; Locally and Globally representing every possible asset and risk class. Property: Directly or Indirectly. Own Business Other Businesses through Private Equity Placement Other Large Businesses through Local and Global Sharemarkets Why? Andrew @ Access To Capital

Forests of Australia Australian vegetation including forest cover Tasmania's "The Big Tree" is one of the tallest remaining Mountain Ash. Australia has many forests of importance due to significant features, despite being one of the driest continents. There are 457 forest communities distributed across Australia. Plantation forests (softwood and some hardwood) have been defined as an eighth group which covers trees planted for commercial use. The majority of Australia's trees are hardwoods, typically eucalypts, rather than softwoods like pine. List of significant forests[edit] Photo gallery[edit] Child standing under 92 metre Mountain Ash tree in Tasmania's Styx Valley See also[edit] Total employment in forestry and logging in Australia (thousands of people) since 1984 References[edit]

Limited partnership A limited partnership is a form of partnership similar to a general partnership, except that in addition to one or more general partners (GPs), there are one or more limited partners (LPs). It is a partnership in which only one partner is required to be a general partner.[1] The GPs are, in all major respects, in the same legal position as partners in a conventional firm, i.e. they have management control, share the right to use partnership property, share the profits of the firm in predefined proportions, and have joint and several liability for the debts of the partnership. As in a general partnership, the GPs have actual authority, as agents of the firm, to bind all the other partners in contracts with third parties that are in the ordinary course of the partnership's business. Background of limited liability[edit] Like shareholders in a corporation, limited partners have limited liability. LP members are subject to the same alter-ego piercing theories as corporate shareholders.

Venture capital In addition to angel investing and other seed funding options, venture capital is attractive for new companies with limited operating history that are too small to raise capital in the public markets and have not reached the point where they are able to secure a bank loan or complete a debt offering. In exchange for the high risk that venture capitalists assume by investing in smaller and less mature companies, venture capitalists usually get significant control over company decisions, in addition to a significant portion of the company's ownership (and consequently value). Venture capital is also associated with job creation (accounting for 2% of US GDP),[2] the knowledge economy, and used as a proxy measure of innovation within an economic sector or geography. Every year, there are nearly 2 million businesses created in the USA, and 600–800 get venture capital funding. History[edit] Origins of modern private equity[edit] J.H. Early venture capital and the growth of Silicon Valley[edit]

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