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An introduction to venture capital and private equity

BPP Professional Education

Summary

Price
£42 inc VAT
Study method
Online
Duration
Self-paced
Qualification
No formal qualification
CPD
1 CPD hours / points
CPD What's this?

Overview

Private equity (PE) has become one of the world’s largest asset classes for investors. It is estimated that 10 percent of UK private sector workers work in companies connected in some way to PE. This course covers institutional investing into private, rather than public listed, companies, where the shareholder can then not expect an exit for at least 3 to 10 years.

CPD

1 CPD hours / points
Accredited by The CPD Certification Service

Description

The course defines the types of PE (Venture Capital (VC), growth capital, Leveraged Buy Out (LBO)) and talks about the role of PE in a diversified investment portfolio. It explains how PE funds are constructed and how they conduct deals including the decision making process before investing and areas of due diligence conducted. The goal of a PE investor is a high Internal Rate of Return (IRR) on deals and the course outlines what IRR and Multiple of Invested Capital (MoIC) is and how it is achieved.

Learning Outcomes:

On completion of this course, you will have a greater understanding of:

  • What is Private Equity (PE)?
  • How the main types of PE differ – Venture Capital, Growth Capital, Leveraged Buy Out (LBO)?
  • Some of the main participants in the London PE industry. Examples of large UK buyouts and what are Unicorns?
  • The role of PE in a diversified portfolio of assets and publicly available performance data for PE funds.
  • The structure of PE funds – Limited Partners (LPs) and General Partner (GP). What are the fees and what is carried interest?
  • PE transaction process up to investing in a company: sourcing, due diligence, negotiation.
  • What the terms Internal Rate of Return (IRR) and Multiple of Money (Multiple of Invested Capital – MoIC) mean
  • What pre money and post money valuations in VC funding rounds mean. How they are related
  • How a PE firm increases IRR for an investment? What is the principle of leverage in structuring LBOs?
  • What Sweet & Sweat Equity is. What ‘hurt money’ is. What a ratchet is.

Authored by: John Bolitho


John Bolitho worked for over 20 years in City of London firms as: a quoted equity fund manager; private equity and VC executive; founder of a corporate finance M&A advisory firm. He has taught courses in these areas for over 10 years to audiences of financial service professionals. He is a Sloan Fellow (M.Sc. in Management, with Distinction) of the London Business School and is a CFA charter holder.

A CPD certificate of completion will be provided by BPP Professional Education Limited upon successful completion of the online course.

CPD Points: 1

CPD Duration (hours): 1

Access: 12 months from purchase date

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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