Meyer, Thomas / Pierre-Yves Mathonet. Beyond the J Curve - Managing a Portfolio of Venture Capital and Private Equity Funds. Wiley, 2005.
eng

Thomas Meyer / Pierre-Yves Mathonet

Beyond the J Curve

Managing a Portfolio of Venture Capital and Private Equity Funds
  • Wiley
  • 2005
  • Gebunden
  • 400 Seiten
  • ISBN 9780470011980

In recent times, venture capital and private equity funds have become household names, but so far little has been written for the investors in such funds, the so-called limited partners. There is far more to the management of a portfolio of venture capital and private equity funds than usually perceived. Beyond the J Curve describes an innovative toolset for such limited partners to design and manage portfolios tailored to the dynamics of this market place, going far beyond the typical and often-simplistic recipe to 'go for top quartile funds'. Beyond the J Curve provides the answers to key questions, including: * Why 'top-quartile' promises should be taken with a huge

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pinch of salt and what it takes to select superior fund managers? * What do limited partners need to consider when designing and managing portfolios? * How one can determine the funds' economic value to help addressing the questions of 'fair value' under IAS 39 and 'risk' under Basel II or Solvency II? * Why is monitoring important, and how does a limited partner manage his portfolio? * How the portfolio's returns can be improved through proper liquidity management and what to consider when over-committing? * And, why uncertainty rather than risk is an issue and how a limited partner can address and benefit from the fast changing private equity environment? Beyond the J Curve takes the practitioner's view and offers private equity and venture capital professionals a comprehensive guide making high return targets more realistic and sustainable. This book is a must have for all parties involved in this market, as well as academic and students.

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