Acknowledgments ix
About the Authors xi
1. Introduction 1
2. The Private Equity Cycle—Fund-Raising and Fund Choosing 18
3. Deal Sourcing and Evaluation—Not as Easy as it Looks 54
4. Assigning Value 89
5. Deal Structuring—Private Equity Securities and Their Motivation 117
6. After the Money Arrives 165
7. Achieving Liquidity—Exits and Distributions 198
8. The Globalization of Venture Capital and Private Equity 237
9. Risk and Return 274
10. The Impact of Private Equity on Society—Does This Really Matter Anyway? 304
11. People, Positions and Culture—Management of the Private Equity Firm 326
12. Scaling and Institutionalization 349
13. Boom and Bust 372
14. Wrapping Up 396
Glossary 409
Index 423
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