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Regular version of the site
Bachelor 2019/2020

Private Equity and Venture Capital

Type: Elective course (Economics and Statistics)
Area of studies: Economics
When: 4 year, 3 module
Mode of studies: MOOC
Language: English
ECTS credits: 2

Course Syllabus

Abstract

The course tries to discover how special financial intermediaries (called private equity investors) finance through equity companies belonging to different stages of their life-cycle, starting from the very beginning (startup and early stage) to a more mature phase (i.e. expansion, mature age, etc.) or also staying into crises and decline.
Learning Objectives

Learning Objectives

  • Over the course, students will be provided with a deep understanding of the mechanism underpinning the creation and/or development of a firm and the financial support it can get from the financial system through venture capital investment.
Course Contents

Course Contents

  • An Introduction to Private Equity and Venture Capital
    What Is Private Equity and Venture Capital? Why Companies Need Private Equity and Venture Capital. Private Equity Clusters: Through the Fund's Life Cycle. Seed, Startup, and Early Stage Financing. Expansion Financing. Replacement Financing. Vulture Financing. Private Equity and Venture Capital: Today and Tomorrow.
  • Discovering Private Equity Investors: Legal Issues and Taxation
    Private Equity Investors: The Map to Investigate. Closed-End Funds in Europe: An Overview. Closed-End Funds in Europe: Lifetime of a Fund. Management Fees and Carried Interest. Investment Firms and Banks in Europe. Limited Partnerships in the US. The SBIC Experience in the US. Funds and VCTs in the UK. Taxation around the World. New Solutions: SPACs, Private Debt Funds, Venture Philanthropy, and Crowd Funding. Calculating Returns.
  • The Management Of Private Equity And Venture Capital Funds
    The Managerial Process for Equity Funds. Fundraising. Investing: The Decision Making Phase. Investing: The Deal Making Phase. Managing and Monitoring.
  • Company Valuation And Deal Making In Private Equity Settings
    Company Valuation. Applying Company Valuation to PE and VC Settings.
Assessment Elements

Assessment Elements

  • non-blocking Оценка выполненных заданий при прохождении онлайн курса по теме 1
  • non-blocking Оценка выполненных заданий при прохождении онлайн курса по теме 2
  • non-blocking Оценка выполненных заданий при прохождении онлайн курса по теме 3
  • non-blocking Оценка выполненных заданий при прохождении онлайн курса по теме 4
  • non-blocking Final assessment
Interim Assessment

Interim Assessment

  • Interim assessment (3 module)
    0.2 * Final assessment + 0.2 * Оценка выполненных заданий при прохождении онлайн курса по теме 1 + 0.2 * Оценка выполненных заданий при прохождении онлайн курса по теме 2 + 0.2 * Оценка выполненных заданий при прохождении онлайн курса по теме 3 + 0.2 * Оценка выполненных заданий при прохождении онлайн курса по теме 4
Bibliography

Bibliography

Recommended Core Bibliography

  • Caselli, S. (2009). Private Equity and Venture Capital in Europe. Elsevier. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.b.eee.monogr.9780123750266