The complete direct investing handbook a guide for family offices, qualified purchasers, and accredited investors
| Otros Autores: | |
|---|---|
| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
Hoboken, New Jersey :
John Wiley & Sons, Inc
2017.
|
| Edición: | 1st ed |
| Colección: | Bloomberg financial series.
THEi Wiley ebooks. |
| Materias: | |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009849122406719 |
Tabla de Contenidos:
- Cover
- Title Page
- Copyright
- Contents
- Foreword
- Preface
- Acknowledgments
- Part I: Direct Investing and the Family Office Test
- Chapter 1: Introduction to Direct Investing
- 2008: A Wakeup Call for Investors
- Role of the Family Office and Private Investors
- The Opportunity
- Best Practices
- Key Considerations
- Conclusion
- Notes
- Chapter 2: The Emerging Presence of Private Capital in Direct Investing
- The Family Office Marketplace
- The Unique Benefits of Private Capital
- Increased Interest in Private Equity
- Conclusion
- Chapter 3: Co-Investment Strategies in Direct Investing
- Defining Co-Investing and Providing Context
- Insights on the Popularity of Co-Investing
- Interest in Co-Investment Strategies
- Roles of the Co-Investor
- Going Solo: Why Co-Investing May Not Be Your Choice
- The Perils and Pearls of Co-Investing
- Vetting Co-Investors
- Club Deals
- Mini Case Study
- Conclusion
- Notes
- Chapter 4: Private Equity Strategies: Characteristics and Implications
- What Is Private Equity?
- Real Estate
- Venture Capital
- Growth Capital
- Buyouts
- Mezzanine Financing
- Distressed Assets
- Conclusion: Putting It All Together
- Notes
- Part II: Direct Investing in Action
- Chapter 5: Family Office Considerations to the Direct Investment Process
- Source of Wealth: Lens of the Family Office
- SWOT Analysis for Direct Investing
- Three Phases to the Direct Investing Process
- A Three-Phase Direct Investing Process
- Case Study
- Conclusion
- Notes
- Chapter 6: Designing a Direct Investment Thesis
- Defining the Direct Investment Thesis
- Asset Mix and the Direct Investment Thesis
- Family Pathways and the Direct Investment Thesis
- The Barbell Approach and the Direct Investment Thesis
- Entrepreneurial Orientation and the Direct Investment Thesis.
- Family Investment Style and the Direct Investment Thesis
- Case Study
- Conclusion
- Notes
- Chapter 7: Sourcing, Deal Flow, Screening, and Deploying Direct Investments
- Industry Professionals and Thought Leaders
- Investment Bankers/Business Brokers
- Professional Service Providers
- Commercial Banks
- Private Equity Funds/Family Offices
- Screening Process
- Due Diligence
- Investment Memorandum
- Investment Decision Process
- Conclusion
- Notes
- Chapter 8: Direct Investments: Deal Structures, Terms, and Portfolio Construction
- How to Get Started
- Portfolio Construction
- The Capital Stack
- Equity Transactions
- Types of Debt Instruments
- Mezzanine Debt
- Case Study: Early-Stage Solar Energy Finance Company
- A Primer on Important Term Sheet Items
- Conclusion
- Chapter 9: Investment Monitoring, Exit Strategies, and Harvesting Returns
- Introduction
- Alignment of Objectives
- Monitoring Direct Investments as a Minority Stake Owner
- Why Timing of an Investment Exit and Not Just the Investment Return Is Critical
- Importance of Company Lifecycles with Respect to Timing and Harvesting Returns
- Exit Valuations and Multiples
- Maximizing Liquidity of Illiquid Investments through Pre-Negotiated Rights
- Exit Value Drivers
- Common Exit Strategies
- Mergers and Acquisitions
- Working with Investment Bankers and Key Advisors to the Exit Strategy
- Conclusion
- Notes
- Part III: Direct Investing Perspectives
- Chapter 10: The CIO Perspective
- Sourcing Top CIOs to Oversee Direct Investing in the SFO
- What's the Edge?
- What Defines Success for the CIO?
- The CIO Fit
- Risk Management at the Investment Level and Portfolio Level
- CIO Compensation
- Conclusion
- Chapter 11: The Millennials and Direct Investing: A Look at Impact Investing
- Who Are the Millennials and What Do They Care About?.
- Millennials' Respect for the Senior Generation
- Growing Interest in Impact Investing
- Making the Case for Impact Investing
- How to Source Impact Investments
- Experiential Returns: Intangible Benefits of Impact Investing
- Common Challenges and Barriers to Impact Investing
- Systems Thinking: Creating and Sustaining Family Knowledge
- Conclusion
- Notes
- Chapter 12: SCIE: Sustainable Cycle of Investing Engagement
- The Purpose of SCIE
- The SCIE Framework
- Family Purpose, Values, and Mission
- Framing Strategy
- Developing Strategy
- Implementing Strategy
- Capture and Communicate Learning
- Conclusion
- Notes
- Chapter 13: International Direct Investing
- Why Consider International Direct Investing?
- Key Differences between Investing Abroad versus Investing in the United States
- How to Determine Where to Invest
- How Population Change Can Impact Target Market Opportunities
- Keys to Success in International Direct Investing
- The Role of a Partner in International Investing
- Common Mistakes Made by Investors Venturing Abroad
- Risk Mitigation
- Foreign Families in the United States
- Conclusion
- Notes
- Appendix A: Private Equity Strategies Summary
- Appendix B: Sample Due Diligence Checklist
- Appendix C: Glossary
- About the Author
- About the Chapter Authors
- Index
- EULA.
