File Size: 5024 KB
Print Length: 288 pages
Page Numbers Source ISBN: 0470421894
Publisher: Wiley; 1 edition (March 23, 2009)
Publication Date: March 23, 2009
Sold by: Digital Services LLC
Language: English
ASIN: B00245A4GE
Text-to-Speech: Enabled
X-Ray: Not Enabled
Word Wise: Enabled
Lending: Not Enabled
Enhanced Typesetting: Enabled
Best Sellers Rank: #639,840 Paid in Kindle Store (See Top 100 Paid in Kindle Store) #77 in Books > Business & Money > Finance > Corporate Finance > Private Equity #171 in Books > Business & Money > Finance > Corporate Finance > Venture Capital #1657 in Kindle Store > Kindle eBooks > Business & Money > Finance
This book was written from the perspective of a seasoned, highly experienced LP, giving advice to people new to the LP role regarding how to invest in PE funds. As an employee of a small PE firm, I found it helpful to understand how sophisticated LPs make investment allocation decisions and how they evaluate PE fund performance. Some of the details regarding how to calculate IRR seemed a bit rudimentary, and some of the info regarding how to track investments in multiple PE funds seemed to be geared towards selling the software/services of one of the authors. But it's easy to skip those sections, and the rest of book was so informative and well-written that I think it deserves 5 stars nonetheless (especially in light of the limited amount of high-quality, informative/instructional material written about the PE industry).
If you are looking to a quick and comprehensive intro to PE this is it. I was surprised how easy-to-read yet informative this book is. I have done some IT work with PE firms and wanted a deeper understanding of the terminology, fund management from both the LP and GP perspectives and performance evaluation and the book delivered on all three counts. There is a good amount of detail on cash flow forecasting which was useful in a recent project I was involved in. I have referred back to the book several times and feel it is a valuable addition to my library.
Good overall primer on the PE industry. Price is not bad, value for the money is there.
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