The complete direct investing handbook : a guide for family offices, qualified purchasers, and accredited investors

The complete direct investing handbook : a guide for family offices, qualified purchasers, and accredited investors / Kirby Rosplock.

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Bibliographic Details
Main Author: Rosplock, Kirby, 1974- (Author)
Format: eBook
Language:English
Published: Hoboken, New Jersey : John Wiley & Sons, Inc., [2017]
Series:Bloomberg financial series.
Subjects:
Investments.
Portfolio management.
Families.
Finance, Personal.
BUSINESS & ECONOMICS > Finance.
Families
Finance, Personal
Investments
Portfolio management
Online Access:Click for online access
Table of Contents:
  • Cover
  • Title Page
  • Copyright
  • Contents
  • Foreword
  • Preface
  • Acknowledgments
  • Part I: Direct Investing and the Family Office Test
  • Chapter 1: Introduction to Direct Investing
  • 2008: A Wakeup Call for Investors
  • Role of the Family Office and Private Investors
  • The Opportunity
  • Best Practices
  • Key Considerations
  • Conclusion
  • Notes
  • Chapter 2: The Emerging Presence of Private Capital in Direct Investing
  • The Family Office Marketplace
  • The Unique Benefits of Private Capital
  • Increased Interest in Private Equity
  • Conclusion
  • Chapter 3: Co-Investment Strategies in Direct Investing
  • Defining Co-Investing and Providing Context
  • Insights on the Popularity of Co-Investing
  • Interest in Co-Investment Strategies
  • Roles of the Co-Investor
  • Going Solo: Why Co-Investing May Not Be Your Choice
  • The Perils and Pearls of Co-Investing
  • Vetting Co-Investors
  • Club Deals
  • Mini Case Study
  • Conclusion
  • Notes
  • Chapter 4: Private Equity Strategies: Characteristics and Implications
  • What Is Private Equity?
  • Real Estate
  • Venture Capital
  • Growth Capital
  • Buyouts
  • Mezzanine Financing
  • Distressed Assets
  • Conclusion: Putting It All Together
  • Notes
  • Part II: Direct Investing in Action
  • Chapter 5: Family Office Considerations to the Direct Investment Process
  • Source of Wealth: Lens of the Family Office
  • SWOT Analysis for Direct Investing
  • Three Phases to the Direct Investing Process
  • A Three-Phase Direct Investing Process
  • Case Study
  • Conclusion
  • Notes
  • Chapter 6: Designing a Direct Investment Thesis
  • Defining the Direct Investment Thesis
  • Asset Mix and the Direct Investment Thesis
  • Family Pathways and the Direct Investment Thesis
  • The Barbell Approach and the Direct Investment Thesis
  • Entrepreneurial Orientation and the Direct Investment Thesis.
  • Family Investment Style and the Direct Investment Thesis
  • Case Study
  • Conclusion
  • Notes
  • Chapter 7: Sourcing, Deal Flow, Screening, and Deploying Direct Investments
  • Industry Professionals and Thought Leaders
  • Investment Bankers/Business Brokers
  • Professional Service Providers
  • Commercial Banks
  • Private Equity Funds/Family Offices
  • Screening Process
  • Due Diligence
  • Investment Memorandum
  • Investment Decision Process
  • Conclusion
  • Notes
  • Chapter 8: Direct Investments: Deal Structures, Terms, and Portfolio Construction
  • How to Get Started
  • Portfolio Construction
  • The Capital Stack
  • Equity Transactions
  • Types of Debt Instruments
  • Mezzanine Debt
  • Case Study: Early-Stage Solar Energy Finance Company
  • A Primer on Important Term Sheet Items
  • Conclusion
  • Chapter 9: Investment Monitoring, Exit Strategies, and Harvesting Returns
  • Introduction
  • Alignment of Objectives
  • Monitoring Direct Investments as a Minority Stake Owner
  • Why Timing of an Investment Exit and Not Just the Investment Return Is Critical
  • Importance of Company Lifecycles with Respect to Timing and Harvesting Returns
  • Exit Valuations and Multiples
  • Maximizing Liquidity of Illiquid Investments through Pre-Negotiated Rights
  • Exit Value Drivers
  • Common Exit Strategies
  • Mergers and Acquisitions
  • Working with Investment Bankers and Key Advisors to the Exit Strategy
  • Conclusion
  • Notes
  • Part III: Direct Investing Perspectives
  • Chapter 10: The CIO Perspective
  • Sourcing Top CIOs to Oversee Direct Investing in the SFO
  • What's the Edge?
  • What Defines Success for the CIO?
  • The CIO Fit
  • Risk Management at the Investment Level and Portfolio Level
  • CIO Compensation
  • Conclusion
  • Chapter 11: The Millennials and Direct Investing: A Look at Impact Investing
  • Who Are the Millennials and What Do They Care About?
  • Millennials' Respect for the Senior Generation
  • Growing Interest in Impact Investing
  • Making the Case for Impact Investing
  • How to Source Impact Investments
  • Experiential Returns: Intangible Benefits of Impact Investing
  • Common Challenges and Barriers to Impact Investing
  • Systems Thinking: Creating and Sustaining Family Knowledge
  • Conclusion
  • Notes
  • Chapter 12: SCIE: Sustainable Cycle of Investing Engagement
  • The Purpose of SCIE
  • The SCIE Framework
  • Family Purpose, Values, and Mission
  • Framing Strategy
  • Developing Strategy
  • Implementing Strategy
  • Capture and Communicate Learning
  • Conclusion
  • Notes
  • Chapter 13: International Direct Investing
  • Why Consider International Direct Investing?
  • Key Differences between Investing Abroad versus Investing in the United States
  • How to Determine Where to Invest
  • How Population Change Can Impact Target Market Opportunities
  • Keys to Success in International Direct Investing
  • The Role of a Partner in International Investing
  • Common Mistakes Made by Investors Venturing Abroad
  • Risk Mitigation
  • Foreign Families in the United States
  • Conclusion
  • Notes
  • Appendix A: Private Equity Strategies Summary
  • Appendix B: Sample Due Diligence Checklist
  • Appendix C: Glossary
  • About the Author
  • About the Chapter Authors
  • Index
  • EULA.

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