Risk-Taking in Private Equity. Evaluation of the main value drivers in PE and Comparison of risk measures


Bachelor Thesis, 2017

36 Pages, Grade: 1,3


Excerpt


Table of contents

List of figures

List of abbreviations

1 Introduction

2 Cash flow, return and risk characteristics
2.1 Value added by General Partners
2.1.1 Financial engineering
2.1.2 Operational engineering
2.1.3 Governance engineering
2.1.4 Fees and compensation charged by General Partners
2.2 How General Partners impact risk-taking

3 Evaluating risk on fund level
3.1 Risk factors
3.1.1 Shortfall risk
3.1.2 Funding risk
3.1.3 Liquidity risk
3.2 Research on historical risk frameworks
3.3 Relevance of traditional finance approaches
3.4 Measuring risk in return

4 Risk perceived by investors
4.1 Significance of track records in Private Equity
4.2 Relevance of recent advances in behavioral finance
4.3 Identifying proxies for perceived risk
4.3.1 The Anzoni/Zeisberger methodology
4.3.2 Application on Private Equity

5 Conclusion

References

Excerpt out of 36 pages

Details

Title
Risk-Taking in Private Equity. Evaluation of the main value drivers in PE and Comparison of risk measures
College
Technical University of Munich  (TUM School of Management - Chairs of Entrepreneurial Finance)
Grade
1,3
Author
Year
2017
Pages
36
Catalog Number
V383578
ISBN (eBook)
9783668610590
ISBN (Book)
9783668610606
File size
705 KB
Language
English
Keywords
private equity, venture capital, buy-out, buyout, lbo, risk, finance, asset management, portfolio
Quote paper
Philipp Handel (Author), 2017, Risk-Taking in Private Equity. Evaluation of the main value drivers in PE and Comparison of risk measures, Munich, GRIN Verlag, https://www.grin.com/document/383578

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