This paper explores capital commitment and cash-flow management issues in private equity fund investing. It provides a theoretical framework to structure private equity capital commitment issues in a formal manner, and defines variables, inter-relationships, and boundaries in such a way that the...

While the first three parts of this series provided an overview of the nature, benefits, risks and strategies of private equity investing, this fourth and last installment turns to implementation topics. In particular, we cover various aspects of private equity portfolio construction, as well as...

This primer in 4 parts is designed to assist investors in furthering their understanding of private equity fund investing. It explains the basics of private equity as an asset class, the pros and cons of making such investments, highlights popular sub-sectors and points out salient...

The fundamental reason for investing in private equity is to improve the risk and reward characteristics of an investment portfolio. Studies have shown that private equity returns do not correlate closely with returns from other asset classes, such as bonds and in certain cases public equities....

This paper examines the economic intuition that underpins key legal terms commonly found in private equity fund partnership agreements. As a primer, it attempts to encapsulate, in non-legal language, the rationale behind economic points of negotiation, investigate the scope for trade-offs and...