Research Catalog

Title

Private equity unchained : strategy insights for the institutional investor / Thomas Meyer.

Author

Meyer, Thomas, 1959-

Publication

Houndmills, Basingstoke, Hampshire ; New York : Palgrave Macmillan, 2014.

Supplementary Content

Verlag

Items in the Library & Off-site

Details

Description

vi, 320 pages; 24 cm

Summary

"Until recently, strategy played little meaningful role in the management of illiquid investments, and what many investors call 'strategy' has been more akin to 'tactics' or 'learned reflexes'. Even large institutions still appear to manage their private equity allocations on such a case-by-case basis. But the environment has changed and returns are no longer 'assured' as they once were. Private equity and other illiquid asset classes have matured, as more players seek to deploy ever larger amounts in a market where opportunities necessarily become difficult to identify and access. The few principles that institutional investors have relied on up to now have been anchored in a less competitive past. Private Equity Unchained deconstructs existing practices and provides insights into how to think strategically about illiquid asset allocations. In order to thrive in markets characterised by extreme uncertainty, investors must first accept the limitations of what is knowable. This begins by leaving behind many of those financial theories that institutions normally cling to as a safe harbour for managing risk. Once divested of such false comforts, investors will be in a position to identify their real options and take an active and strategic approach to alternative investing"--

Subject

• Private equity
• Corporate governance
• Portfolio management

Bibliography (note)

• Includes bibliographical references and index.

Contents

Machine generated contents note: -- 1. Introduction2. A Neo-Classical Asset Class3. The 'Repair-Shop of Capitalism'4. Strategy Challenges5. Strategic Asset Allocation6. The Sky is Not the Limit7. The Limited Partnership as Part of Humanity's DNA8. Intermediation9. Economics of Private Equity Firms10. Objectives11. Performance Persistence12. Nobody knows Anything13. Spreading Risks -- Thickly and Thinly14. Private Equity Risk15. Performance Measurement16. The Galapagos Islands of Finance17. The Locust and the Deep Blue Sea18. Intelligence19. Spreading Risks -- Part II20. Open-Ended Relationships21. Hard and Soft Power22. Real Options23. No Plan Survives ... 24. The Heavy Hand of Regulation25. Private Equity Unchained.

Call Number

JBE 18-570

ISBN

• 9781137286819
• 1137286814
• 9781137286826 (canceled/invalid)

LCCN

• 2014023172
• 10.1057/9781137286826

OCLC

881659744

Author

Meyer, Thomas, 1959- author.

Title

Private equity unchained : strategy insights for the institutional investor / Thomas Meyer.

Publisher

Houndmills, Basingstoke, Hampshire ; New York : Palgrave Macmillan, 2014.

Type of Content

text

Type of Medium

unmediated

Type of Carrier

volume

Bibliography

Includes bibliographical references and index.

Connect to:

http://www.palgraveconnect.com/pc/doifinder/10.1057/9781137286826

Other Form:

Ebook version 9781137286826

Other Standard Identifier

10.1057/9781137286826 doi

Research Call Number

JBE 18-570