The private equity and venture capital industry has become a leading pillar of modern investment, growing from $5 billion in 1980 to more than $530 billion in 2006. Yet many of its features remain puzzling even to advanced business students. Whether you are an MBA student, a private equity investor grappling with the industry's changes, or an investor interested in private equity as a potential investment, Venture Capital & Private Equity: A Casebook, Fourth Edition will shed light on the history and workings of this complex area and prepare you for a career in the prestigious and profitable world of venture capital and private equity.

Table of Contents

Introduction. 1. Private Equity Today and Tomorrow. 2. Tad O'Malley: December 2004. Module 1: Venture Capital and Private Equity. 3. Yale University Investment Office: August 2006. 4. Pawson Foundation: August 2005. 5. Note on Private Equity Partnership Agreements. 6. Grove Street Advisors. 7. A Note on Private Equity Fund-Raising. 8. Gobi Partners: Raising Fund II. Module 2: Venture Capital and Private Equity. 9. Adams Capital Management: Fund IV. 10. Tad O'Malley: June 2005. 11. Portfolio and Partnership. 12. Metapath Software: September 1997. 13. A Note on Private Equity Securities. 14. Brazos Partners and Cheddar's Inc. 15. A Note on Valuation in Private Equity Settings. 16. Lion Capital and the Blackstone Group: The Orangina Deal. 17. A Note on European Private Equity. 18. SAIF: May 2004. 19. A Note on Private Equity in Developing Countries. Module 3: Venture Capital and Private Equity. 20. Warburg Pincus and emgs : The IPO Decision (A). 21. Motilal Oswal Financial Services Ltd.: An IPO in India. 22. A Note on the Initial Public Offering Process. 23. Between a Rock & a Hard Place: Valuation & Distribution in Private Equity. Module 4. Venture Capital and Private Equity. 24. Village Ventures. 25. 3i Group plc: May 2006. 26. Actis and CDC: A New Partnership. 27. Best Practices: Decision Making Among Venture Capital Firms. Appendix. Note on Private Equity Information Sources. Glossary. Index.

Author Biography

Josh Lerner , a Professor of Business Administration at the Harvard Business School, is one of the best-known authorities on venture capital. Both his academic and practical activities focus on the structure and workings of these funds. this mix of practical and academic perspectives is at the heart of this book. Fulda Handymen is a Senior Lecturer at Harvard Business School and a partner at Bessemer Venture Partners, a leading entire capital firm. Ann Leamon is a Senior research Associate at the Harvard Business School. She came to Harvard after six years as a senior business analyst at L.L. Bean and three years at Central Maine Power Company as a senior economic and load forecaster. At Harvard, Ann co-founded the center for Case Development. She left that position to collaborate with Professors Lerner and Hardymon in the further development of the Venture Capital & Private Equity course, and has authored more than 70 cases. Ann also handles corporate communications for Bessemer Venture Partners.