Private Equity Course 2024 by Antoine Mallard PDF
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Uploaded by RemarkableAlpenhorn
SKEMA Business School
2024
Antoine Mallard
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Summary
This document is a course on private equity from 2024. It covers topics like IRR, money multiple, and exit year scenarios.
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https://www.linkedin.com/feed/ update/urn:li:activity:714860166 8861853696/?updateEntityUrn= urn%3Ali%3Afs_feedUpdate%3A %28V2%2Curn%3Ali%3Aactivity %3A7148601668861853696%29 o o o o o o o o o o o o o o o o o o o o o o o o o o https://www.morganlewis.com/-/media/files/special-topics/vcpefdeskbook/gp...
https://www.linkedin.com/feed/ update/urn:li:activity:714860166 8861853696/?updateEntityUrn= urn%3Ali%3Afs_feedUpdate%3A %28V2%2Curn%3Ali%3Aactivity %3A7148601668861853696%29 o o o o o o o o o o o o o o o o o o o o o o o o o o https://www.morganlewis.com/-/media/files/special-topics/vcpefdeskbook/gpmanagement/vcpefdeskbook_carriedinterest-vesting.pdf o o o o o o o o o o o o o o o o o https://lucasktlee.com/2016/03/25/stock-purchase-agreement-series-overview/ ► ► ► ► IRR 30.1% 35% 3 43.6% 4 35.2% 3 4 Money Multiple 3.7x 35% Performance Fees 65.8 35% 3.0x 3 4 55.1 Exit Year 5 30.1% 6 26.7% 7 24.3% Exit Year 5 3.3x 3.7x 6 7 Exit Year 5 60.3 65.8 6 4.1x 4.6x 7 71.5 77.6 https://www.spglobal.com/ratings/en/research/articles/190919-when-the-cycle-turns-the-continued-attack-of-the-ebitda-add-back-11156255 Money Multiple Gross Margin 40.0% 42.5% 45.0% 47.5% 50.0% 3.7x 60% 58% 55% 53% 50% 0% 2% 2.6x 3.0x 3.5x 3.9x 4.4x Revenue Growth 4% 6% 2.8x 3.0x 3.2x 3.3x 3.5x 3.7x 3.7x 4.0x 4.3x 4.2x 4.5x 4.8x 4.7x 5.0x 5.3x 8% 3.4x 4.0x 4.5x 5.1x 5.6x Money Multiple LIBOR 1.0% 3.0% 5.0% 7.0% 9.0% 3.7x 1% 3% 5% 7% 9% Exit EBITDA Multiple Improvement (point) (1.0x) 1.0x 2.0x 3.0x 3.2x 3.8x 4.4x 5.0x 5.6x 3.1x 3.7x 4.3x 4.9x 5.5x 3.0x 3.6x 4.2x 4.8x 5.4x 2.9x 3.5x 4.1x 4.7x 5.3x 2.8x 3.4x 4.0x 4.6x 5.2x https://www.linkedin.com/posts/danilkislinskiy_cartadata-founders-startups-activity7145697545757810688-RQo2/?utm_source=combined_share_message&utm_medium=member_ios https://nvca.org/model-legal-documents/ https://www.andrew.cmu.edu/user/fd0n/53%20Weighted%20Average%20Anti-dilution.htm https://www.fenwick.com/FenwickDocuments/Seed-Financing-Overview.pdf https://www.cbinsights.com/research-vc-glossary-index/ ✓ ✓ ✓ ✓ ✓ https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2586592 https://en.wikipedia.org/wiki/Hype_cycle https://www.cbinsights.com/research/startup-failure-reasons-top/ https://www.cbinsights.com/research/venture-capital-funnel-2/ https://openvc.app/blog/how-to-model-a-venture-capital-fund https://www.cbinsights.com/research/venture-capital-funnel-2/ https://www.insead.edu/sites/default/files/assets/dept/centres/gpei/docs/insead-value-creation-in-private-equity-and-venture-capital-industryworking-paper-2010.pdf https://www.forbes.com/sites/valleyvoices/2019/02/14/there-are-only-three-vc-strategies/#4196186154de https://www.kauffmanfellows.org/journal_posts/venture-debt-a-capital-idea-for-startups https://runwaygrowth.com/venture-debt-review/ https://www.privatefundscfo.com/expert-view-use-capital-call-bridge-facilities/ https://www2.deloitte.com/content/dam/Deloitte/lu/Documents/privateequity/lu-equity-bridge-financing-reaping-benefits-liquidity-flexibility-092018.pdf https://feld.com/archives/2014/05/vcs-recycle-management-fees.html https://hackernoon.com/the-problem-of-startup-valuation-going-too-high-or-too-low-56cb3353f060 https://www.dlapiper.com/en/canada/insights/publications/2020/07/demystifying-safes/ https://avc.com/2010/08/what-is-a-venture-partner-and-does-it-matter-to-you/ https://www.sopact.com/social-impact-measurement o o o o https://www.stockholmresilience.org/research/research-news/2017-02-28-contributions-to-agenda-2030.html https://ssir.org/articles/entry/ten_reasons_not_to_measure_impact_and_what_to_do_instead o o o o o o o o o o o o o https://www.morganlewis.com/-/media/files/special-topics/vcpefdeskbook/appendices/vcpefdeskbook_appendix-structuringtheuppertier.ashx o o o https://www.institutionalinvestor.com/article/ b1nlj1gb3g3bbd/The-Pervasive-HeadScratching-Risk-Exploding-Problem-WithVenture-Capital https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3623820 o o https://corporatefinanceinstitute.com/resources/careers/jobs/career-guide-private-equity-jobs/ https://www.mergersandinquisitions.com/leveraged-finance/