Beyond the J Curve (PDF)

In recent times, venture capital and private equity funds have
become household names, but so far little has been written for the
investors in such funds, the so-called limited partners. There is
far more to the management of a portfolio of venture capital and
private equity funds than usually perceived. Beyond the J
Curve describes an innovative toolset for such limited partners
to design and manage portfolios tailored to the dynamics of this
market place, going far beyond the typical and often-simplistic
recipe to 'go for top quartile funds'.

Beyond the J Curve provides the answers to key questions,
including:

* Why 'top-quartile' promises should be taken with a huge pinch
of salt and what it takes to select superior fund managers?

* What do limited partners need to consider when designing and
managing portfolios?

* How one can determine the funds' economic value to help
addressing the questions of 'fair value' under IAS 39 and 'risk'
under Basel II or Solvency II?

* Why is monitoring important, and how does a limited partner
manage his portfolio?

* How the portfolio's returns can be improved through proper
liquidity management and what to consider when
over-committing?

* And, why uncertainty rather than risk is an issue and how a
limited partner can address and benefit from the fast changing
private equity environment?

Beyond the J Curve takes the practitioner's view and
offers private equity and venture capital professionals a
comprehensive guide making high return targets more realistic and
sustainable. This book is a must have for all parties involved in
this market, as well as academic and students.