Private Equity知識(shí)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(gè)科目中的知識(shí)點(diǎn)的，今天跟著小編一起看看這個(gè)知識(shí)點(diǎn)的學(xué)習(xí)！

1、classification

leveraged buyout：針對(duì)大而成熟的機(jī)構(gòu)

venture capital：針對(duì)小的早期的機(jī)構(gòu)

development capital：上市公司（expanding or restructuring）

distressed investing：財(cái)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(qián)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(shí)就是這么多，如果你在備考中學(xué)習(xí)沒(méi)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(shí)課程 ，有需要可以在線咨詢老師。