Private Equity知識點(diǎn)有哪些呢？是不是都已經(jīng)掌握了呢？在CFA備考中需要知道每個科目中的知識點(diǎn)的，今天跟著小編一起看看這個知識點(diǎn)的學(xué)習(xí)！
1、classification
leveraged buyout：針對大而成熟的機(jī)構(gòu)
venture capital：針對小的早期的機(jī)構(gòu)
development capital：上市公司（expanding or restructuring）
distressed investing：財務(wù)困境的公司
2、LBO target companies:
Undervalued/depressed stock price
Willing management
Inefficient companies
Strong cash flow
Low leverage
Physical assets as security
3、Stages:
Angel investing
Seed stage：vc
Early stage：vc
Later stage
Mezzanine stage：pre-ipo
4、PE structure and fees:
GP & LP as hedge fund
Management fees are based on committed capital not invested capital
Incentive fees are earned until LPS received initial investment back
Clawback provision: 虧錢回吐incentive fees
5、Common exit strategies:
Trade sales to strategic buyer(戰(zhàn)略投資者)
IPO
Recapitalization
Trade sales to another PE
Write off/liquidation
今天的知識就是這么多，如果你在備考中學(xué)習(xí)沒有規(guī)劃，也不知道怎么學(xué)習(xí)，這邊有CFA老師幫你規(guī)劃相關(guān)的知識課程 ，有需要可以在線咨詢老師。
