International Investments in Private Equity
Asset Allocation, Markets, and Industry Structure
By- Peter Cornelius, Alpinvest Partners
How can private equity investors exploit investment opportunities in foreign markets? Peter Cornelius uses a proprietary database to investigate and describe private equity markets worldwide, revealing their levels of integration, their risks, and the ways that investors can mitigate those risks. In three major sections that concentrate on the risk and return profile of private equity, the growth dynamics of discrete markets and geographies, and opportunities for private equity investments, he offers hard-to-find analyses that fill knowledge gaps about foreign markets. Observing that despite the progressive dismantling of barriers investors are still home-biased, he demonstrates that a methodical approach to understanding foreign private equity markets can take advantage of the macroeconomic and structural factors that drive supply and demand dynamics in individual markets.
Audience
Investment professionals as well as upper-division undergraduates and graduate students worldwide studying investments and financial markets
Hardbound, 328 Pages
Published: December 2010
Imprint: Academic Press
ISBN: 978-0-12-375082-2
Contents
1. Introduction
PART I: PRIVATE EQUITY AS AN ASSET CLASS
2. Organization, Value Creation and Performance
3. Global Benchmarks4. Private Equity in Diversified Investment Portfolios
5. Designing Private Equity Programs in Open MarketsPART II: MARKETS, INVESTMENT FLOWS AND DUE DILIGENCE
6. Global Markets, Regional Penetration and Country Risk7. Private Equity Funds and Cross-Border Acquisitions
8. Cross-Border Fund Commitments, due Diligence and the Allocation Matrix9. Regional Integration
10. Fund Investments and Currency movements
PART III: WHATS NEXT?11. Private Equity in the Era of Deleveraging
PART IV: STRATEGIC CONVERSATIONS WITH GENERAL PARTNERS
12. Chasing Deals Globally: Expansion Strategies and Risk Management of Leading Private Equity Firms

