Venture capital investment has been found to be remarkably effective at stimulating innovation and job growth. Government policy plays an important part in creating an ecosystem in which venture capital and innovation can thrive. Yet government programs have also sunk billions of dollars into...

Relationships between limited partners and general partners in the private equity industry have changed more over the past five years than over the prior 50, which is roughly the age of the industry. This paper draws from interviews with more than 50 participants in the private equity world in...

The 5th edition of Lerner's Venture Capital and Private Equity: A Casebook continues to present the important historical cases of private equity while incorporating a number of new relevant and timely cases from previous best-selling issues. It includes more cases relevant to the texts four main...

SUBJECT AREAS: Emerging markets, Privatization, Venture capitalCASE SETTINGS: London; Securities amp; investing; 300 employees; 2000-2001In 2001, CDC Capital Partners is facing the greatest challenge in its 53-year history. Founded as part of the U.K. government's post-war colonial...

SUBJECT AREAS: Careers amp; career planning, Entrepreneurial finance, Financial strategy, Investments, Leveraged buyouts, Venture capitalCASE SETTINGS: New York, NY; 20 employees; 2002Martin Smith, a recent HBS graduate, has just begun working with a leveraged buyout firm. His first assignment...