Private Capital Investing - The Handbook of Private Debt and Private Equity by Roberto Ippolito (US edition, hardcover) - 9781119526162

A step-by-step, comprehensive approach to private equity and private debt  Private Capital Investing: The Handbook of Private Debt and Private Equity is a practical manual on investing in the two of the most common alternative asset classes (private equity and private debt) and provides a unique insight on how principal investors analyze investment opportunities. Unlike other textbooks available in the market, Private Capital Investing covers the various phases that principal investors follow when analyzing a private investment opportunity.  The book combines academic rigor with the practical approach used by leading institutional investors. Chapters are filled with practical examples, Excel workbooks (downloadable from the book website), examples of legal clauses and contracts, and Q&A. Cases are referred at the end of every chapter to test the learning of the reader. Instructors will find referrals to both third-party cases or cases written by the author. •          Covers analytical tools •          Includes the most common methods used to structure a debt facility and a private equity transaction •          Looks at the main legal aspects of a transaction •          Walks readers through the different phases of a transaction from origination to closing Bridging the gap between academic study and practical application, Private Capital Investing enables the reader to be able to start working in private equity or private debt without the need for any further training. It is intended for undergraduates and MBA students, practitioners in the investment banking, consulting and private equity business with prior academic background in corporate finance and accounting.Table of Content About the Author xi Acknowledgements xiii About the Companion Site xv Introduction 1 The Rise of Private Markets (Alternative Assets) in the Investors’ Allocation 2 The Rise of Private Markets as a Favoured Alternative Source of Company Financing 4 Private Equity 6 Private Debt 8 Deal Phases and Book Organisation 10 Chapter 1 Closed End Funds 13 A Close Up on Private Equity and Private Debt Partnerships 13 Cash Flows, J Curve, and Returns 16 Financial Returns 19 References and Further Reading 22 Suggested Cases 22 Chapter 2 Debt Products 23 Introduction 23 Definition and Some Useful Classifications 24 Pure Debt Instruments 29 High-yield Bonds 37 Mezzanine 39 Unitranche 43 A Close Up on Syndicated Lending 50 References and Further Reading 52 Suggested Cases 52 Chapter 3 Equity Products 53 Introduction 53 Ordinary Shares 54 Preference Shares 55 Convertibles 57 Other Equity Instruments 64 References and Further Reading 70 Suggested Cases 70 Chapter 4 Business Due Diligence 71 Introduction 71 Macro Factors 71 Industry Risk Analysis 73 Company Analysis