Private Equity: Opportunities and Risks (Financial Markets and Investments) - Hardcover

"Private Equity has been the subject of a great deal of criticism and concern, especially in the wake of the financial crisis. Because it involves private ownership instead of public listing of securities, many of the industry's practices and features remain shrouded in mystery. This book provides a broad, yet thorough, synthesis of the key issues of concern to investors, policy makers and academics alike. The book is a great resource for anyone who wants to gain a broad understanding of the past, present and future of the industry." David T. Robinson, Professor of Finance and J. Rex Fuqua Distinguished Professor of International Management, Fuqua School of Business, Duke University

During the past few decades, private equity (PE) has attracted considerable attention from investors, practitioners, and academicians. In fact, a substantial literature on PE has emerged. PE offers benefits for institutional and private wealth management clients including diversification and enhancement of risk-adjusted returns. However, the lack of transparency, regulatory restrictions, and liquidity concerns that exist for some PE options limit their attractiveness for some investors.

Private Equity: Opportunities and Risks offers a synthesis of the theoretical and empirical literature on PE in both emerging and developed markets. The book examines PE and provides important insights about topics such as major types of PE (venture capital, leveraged, buyouts, mezzanine capital, and distressed debt investments), how PE works, performance and measurement, uses and structure, and trends. Readers can gain an in-depth understanding about PE from academics and practitioners from around the world.

Private Equity: Opportunities and Risks provides a fresh look at the intriguing yet complex subject of PE. A group of renowned experts take readers through the core topics and issues of PE, and also examine the latest trends and cutting-edge developments in the field. Additionally, discussion of research on PE permeates the book. The coverage extends from discussing basic concepts and their application to increasingly complex and real-world situations. Thus, this volume spans the gamut from theoretical to practical, while offering a useful balance of detailed and user-friendly coverage. This fresh and intriguing examination of PE is essential reading for anyone hoping to gain a better understanding of PE, from seasoned professionals to those aspiring to enter the demanding world of finance.