Private Equity: History, Governance, and Operations

BY LOANNA OVERCASH

by Harry Cendrowski, James P. Martin, Louis W. Petro and Adam A. Wadecki
John Wiley & Sons Inc., 2008, 457 pp.

The institutionalization of private equity is one of the most important advances in the field of modern finance, write the authors of Private Equity: History, Governance, and Operations. “It is through private equity (PE) that the seeds of new ideas are permitted to germinate and the souls of the withering may be granted rebirth.” This comprehensive guide provides insight into a once-exclusive form of investing that is now an integral part of the world economy, with a focus on venture capital financing and buyout transactions.

The book is divided into four modules. Module 1 is especially directed toward the novice with an introduction to private-equity terms (with a glossary to help keep them straight), an overview of the structure of the private-equity process and a history of the birth of private equity. Module 2 focuses on the unique governance structures of private-equity firms and how they differ from public corporations. Professional standards, models of internal control and contemporary business intelligence are also covered in this section. Module 3 focuses on improving the operations of portfolio companies, while Module 4 deals with special consideration in private-equity investments.

For novices and experienced investors alike, achieving a better understanding of the complexities of private-equity investing may prove easier with this in-depth resource at your side.

By JofA Senior Editor Loanna Overcash

 

SPONSORED REPORT

Cybersecurity threats proliferating for midsize and smaller businesses

This report details how SMBs can properly protect private information from breaches, design and implement a cybersecurity policy, and create safeguards for training and education.

CHECKLIST

Being responsive to clients

CPAs and their firms have daily pressures and hectic schedules, but being responsive is crucial to client satisfaction. Leaders in the profession offer advice for CPA firms that want to be responsive to clients.

QUIZ

Test yourself on these often confused words

The spelling checker on your word processing program can do only so much to flag problems. Your best insurance is to learn the troublesome words that trip up writers and use them correctly by the standards of formal, written English.