Private Equity

2019 Survshowing the PE industry trends, including making significant investments in technology in fund accounting, accounts payable, investor relations, compliance and regulatory reporting, etc.

Creating value throughout the private equity investment life cycle in the digital era.

This tutorial provides an introduction to Canadian equity markets. It primarily focuses on the workings of the Toronto Stock Exchange. It examines the regulators, indexes and types of securities in the market and also general trading practices, market conventions and clearing and settlement procedures.

An equity derivative is a derivative whose underlying instrument is a stock or stock index. Hence, the value of an equity derivative is a function of the value of the stock or index. The market for equity derivatives continues to expand with new product structures constantly appearing. This tutorial introduces the most important equity derivatives, including stock options, stock index futures and options, warrants and convertibles, structured and synthetic equity derivatives.

Equity markets have undergone profound changes in recent years. The majority of trading still takes place on stock exchanges, with the bulk of business concentrated in a small number of countries. But there has been consolidation among traditional exchanges, while the market has also seen fragmentation with the emergence of new trading venues. Alongside these developments, equity trading has been completely transformed by high frequency trading firms. This tutorial describes these structural changes in addition to providing an overview of some basic equity market concepts, such as the different types of equity security and fundamental stock valuation metrics.

The term “IPO” has been a buzzword for many years now, but is just one of a number of potential sources of funds available to companies. This tutorial describes the equity issuance (primary) market in its different forms. This incorporates the public sale of existing private shareholdings, private transfers between investors, and the creation of new equity. The tutorial covers highly visible initial offerings (IPOs and privatizations), private transactions, and various forms of subsequent issuance such as rights offerings.

Every day, billions of trades are made with global investors buying and selling stocks in order to make money. Although equities are not the biggest financial product (being eclipsed by the volume of FX and debt trading), stock markets are certainly the most recognizable marketplace for financial assets. This tutorial describes how equity trades are executed and demystifies some of the jargon associated with the buying and selling of equity securities.

Singapore is one of the key financial centers in Asia, being recognized in particular as the leading global foreign exchange trading hub outside London, New York, and Tokyo. It is also a major wealth management center in the Asia-Pacific region. Leading financial institutions and other market participants regard Singapore as a springboard to capture regional opportunities. Located at the heart of Southeast Asia, it is strategically well placed to serve the fast-growing markets of the Asia-Pacific region. This tutorial provides a detailed introduction to the various aspects of equity securities traded in Singapore, including the history and development of the market, the different securities traded, leading stock indexes, listing requirements and procedures, and trading operations.

On completion of this tutorial, you will be able to: Identify the participants in an LBO deal and the factors that make a company suitable for a leveraged buyout Recognize the sources of return for LBO investors and how these returns are measured Identify the key components of a typical LBO model Tutorial Overview This tutorial describes the main concerns for financial sponsors (private equity firms) when they seek out potential companies in which to invest. It explains the many factors that make a company an attractive investment for LBO purposes and describes in detail how PE firms make money on these leveraged buyout deals. The tutorial also outlines how analysts working on an LBO deal build a model to calculate the risks and returns associated with the transaction. Prerequisite Knowledge Corporate Valuation – An Introduction Tutorial Level: Intermediate Tutorial Duration: 60 minutes

Several times a year, Blackstone surveys a subset of our private equity portfolio companies’ CEOs about the challenges and opportunities their businesses are facing. It’s just one example of how we gain insights from the scale and breadth of our portfolio. In this episode of the Blackstone Podcast, we bring some of those insights to our listeners. Prakash Melwani, chief investment officer of Blackstone’s private equity group, joins Chief Investment Strategist Joe Zidle to discuss Blackstone’s CEO survey and what it can tell us about corporate confidence and activity today.

At the core of Investment Banking Finance Fundamentals is the world of Private Equity

This is how many on Wall Street and CEO's of companies make millions of dollars every year.

If you seeking to master Entrepreneurship Fundamentals or considering a career in Investment Banking, then this is a topic you need to master!

I have been working with Private Equity firms since 1988 and have done dozens of deals raising millions of dollars. I have been involved in deals where the principles walked away with hundreds of millions of dollars - each.

The objective of this Investment Banking: Private Equity course is to share that insight into what Private Equity is all about!

In this course:

•Discover the core concepts in Private Equity, a core Investment Banking skill required by any Wall Street analyst

•Understand how Private Equity Funds are raised and financed

•Understand what is meant by EBITDA and how to calculate it - Finance Fundamentals

•Gain an Investment Banking perspective on Value Creation in Private Equity investing

•Understand the difference between a Leveraged Buyout ( LBO ) and a Management Buyout ( MBO )

•Discover Private Equity Business Strategy through a Categorization of Private Equity Firms

•Understand the difference between Private Equity and Venture Capital

•I share with you my Banking and Finance perspective on Private Equity Deal Screening

•Understand the importance of Private Equity Firms' Fund Lifecycle to Fund Raising

•Find out how the Private Equity Business measures their results and earns their compensation

•Understand a Private Equity Deal Funnel

The Ktrends in Private Equity document is intended to provide our professionals with a timely and relevant trends deck on kdynamics, emerging themes and potential disruptors in the space.

The PE Pulse provides perspectives on both recent developments and the longer-term outlook for private equity (PE) fundraising, acquisitions and exits, as well as trends in private credit and infrastructure.

Systemic trends and revolutionary events are reshaping the global business landscape at an unprecedented pace. In response, private equity (PE) is undergoing a significant transformation. This PE curriculum is designed to help you have meaningful client conversations on timely topics related to the .sector

This tutorial looks at the how a PE firm identifies an ideal target company and the stages it needs to go through to realize its investment. The structuring of the transaction and the exit mechanisms available to the private equity firm are also examined in detail.

The course deals with the analysis of the private equity and venture capital business. During this 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. 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 (start-up and early stage) to a more mature phase (i.e. expansion, mature age, etc.) or also staying into crises and decline.

Private Equity Technology Podcast offers listeners a unique perspective into the role technology plays in private equity investments. This podcast explores the impact technology has on the core of every business, including the inner workings of the technology applications and the people running your potential acquisitions or portfolio companies.

Please note - to get badge credit, learners can attend any podcast(s), but only 1 hour duration is awarded for this badge

This sector deep dive course is designed to increase the digital fluency of our people, enabling them to better embrace our digital capabilities to serve our clients. Each module focuses on a sector to provide our people with a deeper understanding of how technology is changing the competitive landscape and the impact it may have on clients.

Privcap thought-leadership video series of 4 videos covers topics including:

Automation technology is a big deal, improving quickly, and capable of transforming business operations

Automation is not just about reducing headcount, but improving accuracy and efficiency

Many CEOs need guidance in deciding where to begin

Please note - to get badge credit, learners can attend any video(s), but only 25min duration is awarded for this badge

Watch and Learn videos on private equity topics including carried interest (1-2 minute videos)

Please note - to get badge credit, learners can attend any video(s), but only 20 min duration is awarded for this badge

Artificial intelligence (AI) refers broadly to a spectrum of technologies and research that aim to improve the cognitive capabilities of machines and software. This tutorial provides a high-level overview of AI, including the different types of AI and the drivers of growth, particularly in the context of the financial industry.

The tutorial also outlines how future breakthroughs in AI are expected to expand its current narrow applications, allowing AI algorithms to broaden in scope and interact actively across every aspect of human life. Prerequisite Knowledge Robotic Process Automation (RPA) Level: Introductory.

Required: Private equity (PE) is a generic term used for capital investments outside of the public markets. It represents a different way of owning companies compared with the more familiar stock market investment. This tutorial describes the key features of the modern PE industry, focusing in particular on the private equity lifecycle, the different forms of private equity, and the methods of measuring private equity performance.

Required: This tutorial looks at the how a PE firm identifies an ideal target company and the stages it needs to go through to realize its investment. The structuring of the transaction and the exit mechanisms available to the private equity firm are also examined in detail.

Objectives On completion of this tutorial, you will be able to: Define the European bond market and list its key sectors Identify issuance procedures for European bonds Identify the structure of European bond trading markets Quantify the impact of regulation on bond trading market operations Tutorial Overview The European bond market is a large and liquid debt market. It is comprised of various bond sectors, including sovereign bonds, corporate bonds, agency bonds, and covered bonds. This tutorial provides a high-level overview of the European bond market and its key sectors. Prerequisite Knowledge Bond Markets - An Introduction Tutorial Level: Introductory Tutorial Duration: 75 minutes

Objectives On completion of this tutorial, you will be able to: List key developments in the growth and development of equity trading in the UK, from its roots in the 16th and 17th centuries to its operations today Quantify the impact of the MiFID regime on equity trading in the UK Name the different types of alternative trading venue that are now available to investors List the changes brought about in the field of equity trading in recent years by technological development, such as high frequency trading Tutorial Overview This tutorial explores the history of the UK equity market, from its historic foundations to the recent changes brought about by the MiFID regime. The structure of the London Stock Exchange is closely detailed. The growth in off-exchange venues such as dark pools is also discussed, as well as automated and high frequency trading (HFT) and the potential problems that such trading activity can have in the equity markets. Prerequisite Knowledge Equity Markets - An Introduction Tutorial Level: Introductory Tutorial Duration: 45 minutes.

This tutorial provides an introduction to Canadian equity markets. It primarily focuses on the workings of the Toronto Stock Exchange. It examines the regulators, indexes and types of securities in the market and also general trading practices, market conventions and clearing and settlement procedures.

Required: The Equities – Common and Preferred course provides information on equity basics, equity valuation, trade execution flows and the journal entries that reflect various equity sell and buy transactions.

An equity derivative is a derivative whose underlying instrument is a stock or stock index. Hence, the value of an equity derivative is a function of the value of the stock or index. The market for equity derivatives continues to expand with new product structures constantly appearing. This tutorial introduces the most important equity derivatives, including stock options, stock index futures and options, warrants and convertibles, structured and synthetic equity derivatives.

Equity markets have undergone profound changes in recent years. The majority of trading still takes place on stock exchanges, with the bulk of business concentrated in a small number of countries. But there has been consolidation among traditional exchanges, while the market has also seen fragmentation with the emergence of new trading venues. Alongside these developments, equity trading has been completely transformed by high frequency trading firms. This tutorial describes these structural changes in addition to providing an overview of some basic equity market concepts, such as the different types of equity security and fundamental stock valuation metrics.

Equity options are a derivative type that has seen phenomenal growth over the past decade or two, especially as fund managers combine them with underlying equities as part of their portfolio management. From its humble beginnings in the 1980s, when the market developed out of the need for Japanese corporations with relatively poor credit ratings to raise cheap debt, the warrant market has continued to thrive up to the present day. It has changed beyond recognition and now represents an important source of funding for a variety of borrowers, in addition to being a highly lucrative investment market for many fund managers. In this tutorial, you will learn about the terminology surrounding equity options and the different payoffs that make them so attractive. Further, you will be introduced to warrants and how they compare with equity options

Hong Kong is seen as the gateway to Mainland China; a commercial dynamo, strategically located in a region renowned for high levels of growth, and with close trading and business links to the rest of the Asian region. The Hong Kong equity market is an important source of capital for local companies and increasingly for companies incorporated in the People's Republic of China (PRC), with the result that it has managed to attract a significant amount of investment interest from overseas. This tutorial provides a detailed introduction to the various aspects of equity securities traded in Hong Kong, including the history and development of the market, the different securities traded and trading locations, leading stock indexes, listing requirements and procedures, and trading operations.

Inflation-linked instruments are securities and derivatives used by entities such as banks, corporates and sovereigns to protect their assets and liabilities against the risk of inflation. Inflation-linked securities (linkers) are bonds that pay investors a fixed rate plus an amount tied to an inflation index, thus protecting the investor's return against inflation. Inflation derivatives have many uses including transferring inflation risk, optimizing market timing, hedging portfolios, creating synthetic securities and conducting arbitrage. Most inflation derivatives are in the form of inflation swaps in which one counterparty pays a fixed rate in exchange for a payment tied to an inflation index. Other types of inflation derivative are inflation options and inflation futures. In this tutorial, we will look at how the market for inflation derivatives developed out of the index-linked security market. We will also discuss the structures and uses of various inflation derivative instruments.

Since the breakdown of the Bretton Woods exchange rate mechanism in the early 1970s, the volatility of both exchange rates and interest rates has increased greatly. This increase in volatility can be attributed to many factors, such as increased capital flows between countries, greater levels of international trade and the over-dependence of some countries on imported energy products. This tutorial describes how market participants can determine the expected level of future interest rate volatility from derivative instruments. In particular, you will learn about flat volatilities and base volatilities. You will also be introduced to volatility smiles and smirks, and their significance in the market.

This tutorial introduces official interest rates and their influence on financial markets and the economy as a whole. The tutorial outlines the use of simple, zero-coupon, interest rates and their application to accrual products in the money markets. It also examines market rates and the currency day count conventions used in money market calculations. Finally, the tutorial shows how reference rates such as LIBOR and Euribor are calculated in today’s money markets, and how overnight indices have developed as a benchmark replacement for LIBOR and Euribor.

The history of trading equity securities in London can be traced back over three centuries to the coffee houses of London. From such humble beginnings, the London Stock Exchange has grown to become generally regarded as the world's most active international equity market. It is also the world's leading location for initial public offerings (IPOs). This tutorial provides a detailed introduction to the various aspects of equity securities traded in London, including the history and development of the market, the different securities traded, the leading stock indexes, listing requirements and procedures, and trading operations.