International Investments in Private Equity

Asset Allocation, Markets, and Industry Structure

By

  • Peter Cornelius, Alpinvest Partners/The Carlyle Group, New York, NY, USA

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.
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Audience

Investment professionals as well as upper-division undergraduates and graduate students worldwide studying investments and financial markets

 

Book information

  • Published: December 2010
  • Imprint: ACADEMIC PRESS
  • ISBN: 978-0-12-375082-2


Table of Contents

  1. 1. Introduction

    PART I: PRIVATE EQUITY AS AN ASSET CLASS

    2. Organization, Value Creation and Performance

    3. Global Benchmarks

    4. Private Equity in Diversified Investment Portfolios

    5. Designing Private Equity Programs in Open Markets

    PART II: MARKETS, INVESTMENT FLOWS AND DUE DILIGENCE

    6. Global Markets, Regional Penetration and Country Risk

    7. Private Equity Funds and Cross-Border Acquisitions

    8. Cross-Border Fund Commitments, due Diligence and the Allocation Matrix

    9. Regional Integration

    10. Fund Investments and Currency movements

    PART III: WHAT’S 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