{"product_id":"beyond-the-j-curve-managing-a-portfolio-of-venture-capital-and-private-equity-funds-hardcover","title":"Beyond the J Curve: Managing a Portfolio of Venture Capital and Private Equity Funds - Hardcover","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eThomas Meyer\u003c\/b\u003e (Author), \u003cb\u003ePierre-Yves Mathonet\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003eIn recent times, venture capital and private equity funds have become household names, but so far little has been written for the investors in such funds, the so-called limited partners. There is far more to the management of a portfolio of venture capital and private equity funds than usually perceived. \u003ci\u003eBeyond the J Curve\u003c\/i\u003e describes an innovative toolset for such limited partners to design and manage portfolios tailored to the dynamics of this market place, going far beyond the typical and often-simplistic recipe to 'go for top quartile funds'. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eBeyond the J Curve\u003c\/i\u003e provides the answers to key questions, including: \u003c\/p\u003e \u003cul\u003e \u003cli\u003eWhy 'top-quartile' promises should be taken with a huge pinch of salt and what it takes to select superior fund managers?\u003c\/li\u003e \u003cli\u003eWhat do limited partners need to consider when designing and managing portfolios?\u003c\/li\u003e \u003cli\u003eHow one can determine the funds' economic value to help addressing the questions of 'fair value' under IAS 39 and 'risk' under Basel II or Solvency II?\u003c\/li\u003e \u003cli\u003eWhy is monitoring important, and how does a limited partner manage his portfolio?\u003c\/li\u003e \u003cli\u003eHow the portfolio's returns can be improved through proper liquidity management and what to consider when over-committing?\u003c\/li\u003e \u003cli\u003eAnd, why uncertainty rather than risk is an issue and how a limited partner can address and benefit from the fast changing private equity environment?\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eBeyond the J Curve\u003c\/i\u003e takes the practitioner's view and offers private equity and venture capital professionals a comprehensive guide making high return targets more realistic and sustainable. This book is a must have for all parties involved in this market, as well as academic and students.\u003c\/p\u003e\u003ch3\u003eFront Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e'This book goes a long way to filling the vacuum of digestible thought and writing about private equity fund investing. It provides structure and rigour to all aspects of the investment process and will be an invaluable reference for the limited partner community. But more than anything else, it provides a platform on which to build greater understanding as the asset class evolves and the role of fund investors becomes more demanding.'\u003cbr\u003e \u003cb\u003e--Chris Davison, \u003c\/b\u003e Associate Director, Almeida Capital \u003c\/p\u003e\u003cp\u003e'This is the first work I have seen that comprehensively covers the important subject of valuing, evaluating and measuring the performance of private equity funds. Much has been published on individual aspects of this controversial subject by various segments of the stakeholder universe - usually putting forward partisan viewpoints. This is the first time that a holistic, integrated and disciplined framework has been adopted. The approach taken has yielded a rich crop of useful results including an innovative methodology for determining fair value for private equity funds during the course of their long lives; portfolio design and benchmarking methods; a prototype grading and fund scoring system. Essential reading for investors and a useful state-of-the-art reference manual forprivate equity managers.'\u003cbr\u003e \u003cb\u003e--Christopher K. B. Brotchie, \u003c\/b\u003e Formerly Chief Executive of the Baring Private Equity Group and Member of the ING Management Council \u003c\/p\u003e\u003cp\u003e'Congratulations to both Thomas Meyer and Pierre-Yves Mathonet for their publication \u003ci\u003eBeyond the J Curve\u003c\/i\u003e. They should be highly commended for breaking a long-standing taboo - investing in private equity can now be modelled. \u003ci\u003eBeyond the J Curve\u003c\/i\u003e not only reveals a theoretical approach to Fair Value for private equity funds but also proposes a complete approach for investors to build up a comprehensive and effective programme for private equity investments. I am personally convinced that our industry should become more involved with this type of approach in order to best explain the interest of investing in private equity.'\u003cbr\u003e \u003cb\u003e--Pierre Hervé, \u003c\/b\u003e General Secretary of Natexis Private Equity, Chairman of AFIC's Basel II and IFRS working groups, and Member of EFRAG's Venture Capital working group \u003c\/p\u003e\u003cp\u003e'\u003ci\u003eBeyond the J Curve\u003c\/i\u003e is a timely guide for investors in private equity, with an elegant balance of analysis and practical suggestions. Its emphasis on monitoring and active portfolio management should promote more effective stewardship of private equity assets in the future.'\u003cbr\u003e \u003cb\u003e--Brenlen Jinkens, \u003c\/b\u003e Director, Cogent Partners Europe\u003c\/p\u003e\u003ch3\u003eBack Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eBEYOND THE J CURVE\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003cb\u003eThomas Meyer \u0026amp; Pierre-Yves Mathonet\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eIn recent times, venture capital and private equity funds have become household names, but so far little has been written for the investors in such funds - the socalled 'limited partners'. \u003ci\u003eBeyond the J Curve\u003c\/i\u003e provides an innovative toolset for such limited partners to design and manage portfolios tailored to the dynamics of this market place, going far beyond the typical and often-simplistic recipe to 'go for top quartile funds'. \u003c\/p\u003e\u003cp\u003e'The authors of \u003ci\u003eBeyond the J Curve\u003c\/i\u003e have taken on the ambitious project of analysing the difficult and controversial area of valuing fund portfolios. Their innovative and integrated approach opens up the framework within which these valuations are practised by investors, and offers alternatives. \u003ci\u003eBeyond the J Curve\u003c\/i\u003e is a thorough and pioneering contribution to the current debate.'\u003cbr\u003e \u003cb\u003e-- Javier Echarri, \u003c\/b\u003e Secretary General, European Private Equity \u0026amp; Venture Capital Association (EVCA) \u003c\/p\u003e\u003cp\u003e 'In this groundbreaking book, Meyer and Mathonet provide both the theoretical underpinnings for, and practical realities of, building a successful portfolio of private equity investments. It is an invaluable resource for any institutional investor who is constructing or managing a portfolio of investments in private equity and\/or venture capital.'\u003cbr\u003e \u003cb\u003e-- Mark D. Wiseman, \u003c\/b\u003e Chairman, Institutional Limited Partners Association (ILPA) \u003c\/p\u003e\u003cp\u003e'\u003ci\u003eBeyond the J Curve\u003c\/i\u003e is right on target, giving the private equity investment manager much-needed guidance on how to put private equity into a modern diversified investment portfolio. It provides practical, comprehensive advice on traversing the often risky waters of venture and private equity investing and provides a thorough and advanced introduction. It should become a 'musthave' reference.'\u003cbr\u003e \u003cb\u003e-- Jesse E. Reyes, \u003c\/b\u003e Managing Director, Reyes Analytics\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003e\u003ci\u003eAbout the authors\u003c\/i\u003e\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003cb\u003eDR THOMAS MEYER\u003c\/b\u003e studied computer science at the Bundeswehr Universität in Munich followed by doctoral studies at the University of Trier. He also holds an MBA from the London Business School. After 12 years in the German Air Force he worked for the German insurance group Allianz AG in Corporate Finance and M\u0026amp;A with particular focus on Japan, and as the regional Chief Financial Officer of Allianz Asia Pacific in Singapore. \u003c\/p\u003e\u003cp\u003eOver the last years Thomas has been responsible for the creation of the European Investment Fund's risk management function. The focus of his work is the development of valuation and risk management models and investment strategies for venture capital fund-of-funds. \u003c\/p\u003e\u003cp\u003e\u003cb\u003etmeyer.mba33@london.edu\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003cb\u003ePIERRE-YVES MATHONET\u003c\/b\u003e holds a Master of Science cum laude in Finance from London Business School and a Master of Science magna cum laude in Management from Solvay Business School, Brussels. He is also a Certified European Financial Analyst. \u003c\/p\u003e\u003cp\u003eHe worked as an investment banker in the technology groups of Donaldson, Lufkin \u0026amp; Jenrette (DLJ) and Credit Suisse First Boston, and previously, for the audit and consulting departments of PricewaterhouseCoopers. \u003c\/p\u003e\u003cp\u003eHe is currently heading the venture capital activities within the Risk Management and Monitoring division of the European Investment Fund. \u003c\/p\u003e\u003cp\u003e\u003cb\u003epmathonet.mifft2000@london.edu\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eTogether, as risk managers, the authors are responsible for a portfolio of nearly two hundred private equity funds with more than 2.5 billion committed and almost 5 billion under management.\u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 400\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 1.08 x 9.76 x 6.84 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e August 01, 2005\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":42201374556240,"sku":"9780470011980","price":179.8,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0592\/9540\/0016\/files\/QzBRazBMcjFieVp5S2g3cndLN2JBdz09.webp?v=1775281907","url":"https:\/\/palm-malen-gift-shop-pmrc.myshopify.com\/products\/beyond-the-j-curve-managing-a-portfolio-of-venture-capital-and-private-equity-funds-hardcover","provider":"Palm Malen Gift Shop -PMRC","version":"1.0","type":"link"}