This set combines the definitive guide to private equity with its case book companion, providing readers with both the tools used by industry professionals and the means to apply them to real-life investment scenarios. 1) Mastering Private Equity was written with a professional audience in mind and provides a valuable and unique reference for investors, finance professionals, students and business owners looking to engage with private equity firms or invest in private equity funds. From deal sourcing to exit, LBOs to responsible investing, operational value creation to risk management, the book systematically distils the essence of private equity into core concepts and explains in detail the dynamics of venture capital, growth equity and buyout transactions. With a foreword by Henry Kravis, Co-Chairman and Co-CEO of KKR, and special guest comments by senior PE professionals. 2) Private Equity in Action takes you on a tour of the private equity investment world through a series of case studies written by INSEAD faculty and taught at the world s leading business schools. The book is an ideal complement to Mastering Private Equity and allows readersto apply core concepts to investment targets and portfolio companies in real-life settings. The 19 cases illustrate the managerial challenges and risk-reward dynamics common to private equity investment. Written with leading private equity firms and their advisors and rigorously tested in INSEAD's MBA, EMBA and executive education programmes, each case makes for a compelling read.

This set combines the definitive guide to private equity with its case book companion, providing readers with both the tools used by industry professionals and the means to apply them to real-life investment scenarios.1) Mastering Private Equity was written with a professional audience in mind and provides a valuable and unique reference for investors, finance professionals, students and business owners looking to engage with private equity firms or invest in private equity funds. From deal sourcing to exit, LBOs to responsible investing, operational value creation to risk management, the book systematically distils the essence of private equity into core concepts and explains in detail the dynamics of venture capital, growth equity and buyout transactions.With a foreword by Henry Kravis, Co-Chairman and Co-CEO of KKR, and special guest comments by senior PE professionals.2) Private Equity in Action takes you on a tour of the private equity investment world through a series of case studies written by INSEAD faculty and taught at the world's leading business schools. The book is an ideal complement to Mastering Private Equity and allows readersto apply core concepts to investment targets and portfolio companies in real-life settings. The 19 cases illustrate the managerial challenges and risk-reward dynamics common to private equity investment.Written with leading private equity firms and their advisors and rigorously tested in INSEAD's MBA, EMBA and executive education programmes, each case makes for a compelling read.

List of Contributors viiForeword by Henry R. Kravis, Co-Chairman and Co-CEO of KKR ixPreface xiiiHow to Use This Book xviiSection I Private Equity Overview 1Chapter 1 Private Equity Essentials 5Chapter 2 Venture Capital 19Chapter 3 Growth Equity 33Chapter 4 Buyouts 43Chapter 5 Alternative Strategies 57Section II Doing Deals in PE 69Chapter 6 Deal Sourcing & Due Diligence 73Chapter 7 Target Valuation 87Chapter 8 Deal Pricing Dynamics 97Chapter 9 Deal Structuring 109Chapter 10 Transaction Documentation 121Section III Managing PE Investments 133Chapter 11 Corporate Governance 137Chapter 12 Securing Management Teams 149Chapter 13 Operational Value Creation 161Chapter 14 Responsible Investment 173Chapter 15 Exit 185Section IV Fund Management and the GP-LP Relationship 197Chapter 16 Fund Formation 201Chapter 17 Fundraising 215Chapter 18 LP Portfolio Management 227Chapter 19 Performance Reporting 241Chapter 20 Winding Down a Fund 253Section V The Evolution of PE 263Chapter 21 LP Direct Investment 267Chapter 22 Listed Private Equity 279Chapter 23 Risk Management 289Chapter 24 Private Equity Secondaries 301Chapter 25 Evolution of Private Equity 313Acknowledgments 325About the Authors 327Glossary 329Index 341