Book description
How can private equity investors exploit investment opportunities in foreign markets? Peter Cornelius uses a proprietary database to investigate and describe private equity markets worldwide, revealing their levels of integration, their risks, and the ways that investors can mitigate those risks. In three major sections that concentrate on the risk and return profile of private equity, the growth dynamics of discrete markets and geographies, and opportunities for private equity investments, he offers hard-to-find analyses that fill knowledge gaps about foreign markets. Observing that despite the progressive dismantling of barriers investors are still home-biased, he demonstrates that a methodical approach to understanding foreign private equity markets can take advantage of the macroeconomic and structural factors that drive supply and demand dynamics in individual markets.Table of contents
- Cover Image
- Table of Contents
- Front Matter
- Copyright
- Dedication
- Foreword
- Acknowledgements
- About the author
- List of abbreviations
- Chapter 1. Introduction
- Chapter 2. Organization, value creation, and performance
- Chapter 3. Global benchmarks
- Chapter 4. Private equity in diversified investment portfolios
- Chapter 5. Designing private equity programs in open markets
- Chapter 6. Global markets, regional penetration, and country risk
- Chapter 7. Private equity funds and cross-border acquisitions
- Chapter 8. Cross-border fund commitments, due diligence, and the allocation matrix
- Chapter 9. Regional integration: the case of Europe
-
Chapter 10. Fund investments and currency movements
- 10.1. Exchange rate movements: empirical evidence
- 10.2. The impact of exchange rate movements on fund investments and benchmarking
- 10.3. Skills or (bad) luck?
- 10.4. Are exchange rate movements predictable?
- 10.5. Currency crashes and early warning systems
- 10.6. Should limited partners hedge their exchange rate risk?
- 10.7. Summary and conclusions
- Chapter 11. What’s next? Private equity in the era of deleveraging
- Chapter 12. Chasing deals globally: expansion strategies and risk management of leading private equity firms
- References
- Index
Product information
- Title: International Investments in Private Equity
- Author(s):
- Release date: February 2011
- Publisher(s): Academic Press
- ISBN: 9780123785824
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