FINM7040 Venture Capital and Private Equity
| Offered By | Rsch Sch of Finance, Actuarial Studies & App Stats |
|---|---|
| Academic Career | Graduate Coursework |
| Course Subject | Financial Management |
| Offered in | FINM7040 will not be offered in 2012 |
| Unit Value | 3 units |
| Course Description |
The last three decades has seen rapid growth in private equity markets around the world. Private equity investments in the USA and Europe have grown from a few billions dollars in the 1970s to over $750 billion today. In Australia, the private equity market is of more recent vintage, although the last few years have witnessed increased public awareness of private equity associated with public-to-private bids for Qantas, Alinta, Flight Centre and Coles Myer. Emerging market investing in Asia and Latin America is also a recent development. Private equity investments comprise funds and partnerships specializing in venture capital, leveraged buyouts, expansion capital, and distressed debt. Funds also specialize in sectors of the economy - information technology, biotechnology and biosciences, agribusiness, and so forth. Venture capital and private equity funds are increasingly seen as an important component of a well-diversified investment portfolio, and are an important asset class in pension fund investing. Private equity commonly comprises 5% to 7.5% of a pension fund portfolio and involves long term investing and monitoring in order to optimize returns. This course will examine the financial aspects of venture capital and private equity investing. Topics include the place of private equity in investment portfolios, key institutional features of the private equity market, the structure of venture capital and buyout funds, evaluation and analysis of venture capital and buyout fund investments, exit strategies in private equity, and recent market developments. |
| Learning Outcomes |
On completion of this course students should have an understanding of the concepts and be able to apply the techniques outlined in the course description. |
| Indicative Assessment |
Take home exam and class participation. |
| Workload |
19 hours face-to-face plus 65 hours. |
| Course Classification(s) | TransitionalTransitional courses are designed for students from a broad range of backgrounds and learning achievements, which provide for the acquisition of generic skills; or an informed understanding of contemporary issues; or fundamental knowledge for transition to Advanced or Specialist courses. |
| Areas of Interest | Finance |
| Eligibility |
At least an average of 65% (or equivalent) in the final two years of an Australian undergraduate degree with at least one year of university level study in quantitative analysis, including basic mathematics and data analysis techniques. |
|
Assumed Knowledge and Required Skills |
Introductory courses in both Accounting and Finance |
| Prescribed Texts |
See Course Website |
| Preliminary Reading |
See Course Website |
| Indicative Reading List |
See Course Website |
| Other Information |
For further information please refer to Course Website |
The information published on the Study at ANU 2012 website applies to the 2012 academic year only. All information provided on this website replaces the information contained in the Study at ANU 2011 website.
