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The Complete Direct Investing Handbook

E-BookPDF2 - DRM Adobe / Adobe Ebook ReaderE-Book
368 Seiten
Englisch
John Wiley & Sonserschienen am28.04.20171. Auflage
The practical guide to direct investing strategies and best practices
The Complete Direct Investing Handbook provides comprehensive guidelines, principles and practical perspectives on this increasingly attractive private equity investment strategy, Interviews with leading family office investors, qualified private equity buyers, and top direct investing advisors provide essential insights, and attention to the nuanced processes of direct investing, The books is a hands-on resource for family offices and those investors interested in generating returns through private company ownership to be more effective in creating returns in a complex market, Direct investing best practices are explored in-depth, with guidance on strategy and the evaluation and assessment of various investment opportunities, The process begins with a codified and specific investment goal, and a robust strategy tailored to the investor's individual needs, Useful insight on 'narrowing the field' helps investors select the appropriate opportunities to meet their investment goals, and practical tools help streamline the process of capital deployment and in turn providing more opportunities to achieve desired returns,
Despite the growing interest in direct investing, there is little public information available to investors and there is a lack of transparency into practical standards, This book bridges the gap between strategy and execution, with comprehensive guidance and real-world insights, Define and craft a focused investment thesis and appropriate timeline specific to your needs
Identify the right type, size, duration, and risk profile aligned to your investment objectives
Gain perspective on real-world direct investing and a deeper understanding of the risks and rewards
Better understand best practices and institutional investment rigor to develop bespoke processes and policies that create better outcomes for independent investors

Historically, extraordinary wealth has been created through equity in privately-held enterprise, Today, family offices and direct investors are looking more and more toward large capital deployment in early-stage and growth-oriented private equity investments, but are constrained by a lack of informed, established practices, The Complete Direct Investing Handbook provides the much-needed guidance and tools that can improve direct investment outcomes,


KIRBY ROSPLOCK, PHD, is founder and CEO of Tamarind Partners, a consulting firm that advises family offices, ultra-high-net-worth investors, and the wealth management industry, She is a researcher, scholar, educator, and well-respected speaker around the globe on family wealth, family office, and family business, She is also the author of The Complete Family Office Handbook, For more on Dr, Rosplock and Tamarind Partners, visit www,TamarindPartners,com,
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E-BookPDF2 - DRM Adobe / Adobe Ebook ReaderE-Book
EUR60,99
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EUR60,99

Produkt

KlappentextThe practical guide to direct investing strategies and best practices
The Complete Direct Investing Handbook provides comprehensive guidelines, principles and practical perspectives on this increasingly attractive private equity investment strategy, Interviews with leading family office investors, qualified private equity buyers, and top direct investing advisors provide essential insights, and attention to the nuanced processes of direct investing, The books is a hands-on resource for family offices and those investors interested in generating returns through private company ownership to be more effective in creating returns in a complex market, Direct investing best practices are explored in-depth, with guidance on strategy and the evaluation and assessment of various investment opportunities, The process begins with a codified and specific investment goal, and a robust strategy tailored to the investor's individual needs, Useful insight on 'narrowing the field' helps investors select the appropriate opportunities to meet their investment goals, and practical tools help streamline the process of capital deployment and in turn providing more opportunities to achieve desired returns,
Despite the growing interest in direct investing, there is little public information available to investors and there is a lack of transparency into practical standards, This book bridges the gap between strategy and execution, with comprehensive guidance and real-world insights, Define and craft a focused investment thesis and appropriate timeline specific to your needs
Identify the right type, size, duration, and risk profile aligned to your investment objectives
Gain perspective on real-world direct investing and a deeper understanding of the risks and rewards
Better understand best practices and institutional investment rigor to develop bespoke processes and policies that create better outcomes for independent investors

Historically, extraordinary wealth has been created through equity in privately-held enterprise, Today, family offices and direct investors are looking more and more toward large capital deployment in early-stage and growth-oriented private equity investments, but are constrained by a lack of informed, established practices, The Complete Direct Investing Handbook provides the much-needed guidance and tools that can improve direct investment outcomes,


KIRBY ROSPLOCK, PHD, is founder and CEO of Tamarind Partners, a consulting firm that advises family offices, ultra-high-net-worth investors, and the wealth management industry, She is a researcher, scholar, educator, and well-respected speaker around the globe on family wealth, family office, and family business, She is also the author of The Complete Family Office Handbook, For more on Dr, Rosplock and Tamarind Partners, visit www,TamarindPartners,com,
Details
Weitere ISBN/GTIN9781119094739
ProduktartE-Book
EinbandartE-Book
FormatPDF
FormatFormat mit automatischem Seitenumbruch (reflowable)
Erscheinungsjahr2017
Erscheinungsdatum28.04.2017
Auflage1. Auflage
Seiten368 Seiten
SpracheEnglisch
Dateigrösse3805 Kbytes
Artikel-Nr.3018574
Rubriken
Genre9201

Inhalt/Kritik

Inhaltsverzeichnis
1;Cover;1
2;Title Page;7
3;Copyright;8
4;Contents;11
5;Foreword;17
6;Preface;19
7;Acknowledgments;23
8;Part I: Direct Investing and the Family Office Test;27
8.1;Chapter 1: Introduction to Direct Investing;29
8.1.1;2008: A Wakeup Call for Investors;31
8.1.2;Role of the Family Office and Private Investors;32
8.1.3;The Opportunity;35
8.1.4;Best Practices;36
8.1.5;Key Considerations;38
8.1.6;Conclusion;41
8.1.7;Notes;42
8.2;Chapter 2: The Emerging Presence of Private Capital in Direct Investing;44
8.2.1;The Family Office Marketplace;45
8.2.2;The Unique Benefits of Private Capital;47
8.2.3;Increased Interest in Private Equity;50
8.2.4;Conclusion;56
8.3;Chapter 3: Co-Investment Strategies in Direct Investing;58
8.3.1;Defining Co-Investing and Providing Context;58
8.3.2;Insights on the Popularity of Co-Investing;59
8.3.3;Interest in Co-Investment Strategies;59
8.3.4;Roles of the Co-Investor;61
8.3.5;Going Solo: Why Co-Investing May Not Be Your Choice;66
8.3.6;The Perils and Pearls of Co-Investing;67
8.3.7;Vetting Co-Investors;70
8.3.8;Club Deals;72
8.3.9;Mini Case Study;77
8.3.10;Conclusion;77
8.3.11;Notes;78
8.4;Chapter 4: Private Equity Strategies: Characteristics and Implications;80
8.4.1;What Is Private Equity?;81
8.4.2;Real Estate;84
8.4.3;Venture Capital;88
8.4.4;Growth Capital;98
8.4.5;Buyouts;101
8.4.6;Mezzanine Financing;104
8.4.7;Distressed Assets;107
8.4.8;Conclusion: Putting It All Together;111
8.4.9;Notes;112
9;Part II: Direct Investing in Action;115
9.1;Chapter 5: Family Office Considerations to the Direct Investment Process;117
9.1.1;Source of Wealth: Lens of the Family Office;118
9.1.2;SWOT Analysis for Direct Investing;119
9.1.3;Three Phases to the Direct Investing Process;120
9.1.4;A Three-Phase Direct Investing Process;123
9.1.5;Case Study;137
9.1.6;Conclusion;139
9.1.7;Notes;140
9.2;Chapter 6: Designing a Direct Investment Thesis;141
9.2.1;Defining the Direct Investment Thesis;141
9.2.2;Asset Mix and the Direct Investment Thesis;143
9.2.3;Family Pathways and the Direct Investment Thesis;145
9.2.4;The Barbell Approach and the Direct Investment Thesis;148
9.2.5;Entrepreneurial Orientation and the Direct Investment Thesis;150
9.2.6;Family Investment Style and the Direct Investment Thesis;154
9.2.7;Case Study;158
9.2.8;Conclusion;163
9.2.9;Notes;164
9.3;Chapter 7: Sourcing, Deal Flow, Screening, and Deploying Direct Investments;167
9.3.1;Industry Professionals and Thought Leaders;168
9.3.2;Investment Bankers/Business Brokers;169
9.3.3;Professional Service Providers;170
9.3.4;Commercial Banks;170
9.3.5;Private Equity Funds/Family Offices;171
9.3.6;Screening Process;172
9.3.7;Due Diligence;177
9.3.8;Investment Memorandum;180
9.3.9;Investment Decision Process;181
9.3.10;Conclusion;182
9.3.11;Notes;182
9.4;Chapter 8: Direct Investments: Deal Structures, Terms, and Portfolio Construction;183
9.4.1;How to Get Started;184
9.4.2;Portfolio Construction;185
9.4.3;The Capital Stack;186
9.4.4;Equity Transactions;188
9.4.5;Types of Debt Instruments;191
9.4.6;Mezzanine Debt;192
9.4.7;Case Study: Early-Stage Solar Energy Finance Company;194
9.4.8;A Primer on Important Term Sheet Items;196
9.4.9;Conclusion;201
9.5;Chapter 9: Investment Monitoring, Exit Strategies, and Harvesting Returns;203
9.5.1;Introduction;203
9.5.2;Alignment of Objectives;204
9.5.3;Monitoring Direct Investments as a Minority Stake Owner;204
9.5.4;Why Timing of an Investment Exit and Not Just the Investment Return Is Critical;205
9.5.5;Importance of Company Lifecycles with Respect to Timing and Harvesting Returns;207
9.5.6;Exit Valuations and Multiples;210
9.5.7;Maximizing Liquidity of Illiquid Investments through Pre-Negotiated Rights;212
9.5.8;Exit Value Drivers;214
9.5.9;Common Exit Strategies;215
9.5.10;Mergers and Acquisitions;218
9.5.11;Working with Investment Bankers and Key Advisors to the Exit Strategy;218
9.5.12;Conclusion;220
9.5.13;Notes;221
10;Part III: Direct Investing Perspectives;223
10.1;Chapter 10: The CIO Perspective;225
10.1.1;Sourcing Top CIOs to Oversee Direct Investing in the SFO;226
10.1.2;What's the Edge?;228
10.1.3;What Defines Success for the CIO?;229
10.1.4;The CIO Fit;233
10.1.5;Risk Management at the Investment Level and Portfolio Level;235
10.1.6;CIO Compensation;237
10.1.7;Conclusion;242
10.2;Chapter 11: The Millennials and Direct Investing: A Look at Impact Investing;244
10.2.1;Who Are the Millennials and What Do They Care About?;245
10.2.2;Millennials' Respect for the Senior Generation;246
10.2.3;Growing Interest in Impact Investing;248
10.2.4;Making the Case for Impact Investing;248
10.2.5;How to Source Impact Investments;253
10.2.6;Experiential Returns: Intangible Benefits of Impact Investing;257
10.2.7;Common Challenges and Barriers to Impact Investing;258
10.2.8;Systems Thinking: Creating and Sustaining Family Knowledge;261
10.2.9;Conclusion;264
10.2.10;Notes;265
10.3;Chapter 12: SCIE: Sustainable Cycle of Investing Engagement;268
10.3.1;The Purpose of SCIE;270
10.3.2;The SCIE Framework;272
10.3.3;Family Purpose, Values, and Mission;273
10.3.4;Framing Strategy;275
10.3.5;Developing Strategy;279
10.3.6;Implementing Strategy;285
10.3.7;Capture and Communicate Learning;290
10.3.8;Conclusion;295
10.3.9;Notes;295
10.4;Chapter 13: International Direct Investing;297
10.4.1;Why Consider International Direct Investing?;298
10.4.2;Key Differences between Investing Abroad versus Investing in the United States;300
10.4.3;How to Determine Where to Invest;302
10.4.4;How Population Change Can Impact Target Market Opportunities;304
10.4.5;Keys to Success in International Direct Investing;308
10.4.6;The Role of a Partner in International Investing;310
10.4.7;Common Mistakes Made by Investors Venturing Abroad;312
10.4.8;Risk Mitigation;314
10.4.9;Foreign Families in the United States;316
10.4.10;Conclusion;317
10.4.11;Notes;318
11;Appendix A: Private Equity Strategies Summary;319
12;Appendix B: Sample Due Diligence Checklist;325
13;Appendix C: Glossary;332
14;About the Author;342
15;About the Chapter Authors;344
16;Index;349
17;EULA;367
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