Beyond the J Curve (ePub)

In recent times, venture capital and private equity funds havebecome household names, but so far little has been written for theinvestors in such funds, the so-called limited partners. There isfar more to the management of a portfolio of venture capital andprivate equity funds than usually perceived. Beyond the JCurve describes an innovative toolset for such limited partnersto design and manage portfolios tailored to the dynamics of thismarket place, going far beyond the typical and often-simplisticrecipe 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 pinchof salt and what it takes to select superior fund managers?
* What do limited partners need to consider when designing andmanaging portfolios?
* How one can determine the funds' economic value to helpaddressing 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 partnermanage his portfolio?
* How the portfolio's returns can be improved through properliquidity management and what to consider whenover-committing?
* And, why uncertainty rather than risk is an issue and how alimited partner can address and benefit from the fast changingprivate equity environment?

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