A complete Due Diligence Training Course
The Private Equity Investment Cycle
Initial Fund Screening
A Quantitative Review of Returns, Risks & Liquidity
A Qualitative Review
Basic analysis: a diagnostic check
IRR and TVPI Returns: Performance attribution analysis
Benchmarking fund level returns – a good litmus test
Benchmarking deal level returns – a real comparative analysis
Evaluating PMEs – would you be better off investing in stocks or bonds?
PrMEs – PE versus other Private Markets
Value Creation Analysis: proving if it really was hands-on
Finding repeatable performance through correlation analysis
Risk in terms of return volatility & company return spreads
Risk adjusted alpha: does the GP strategy produce an absolute return?
Beta Risk analysis: how correlated are PE returns to public markets?
Conclusions for asset allocation
Default analysis: Taking a look at the downside
Valuation Multiples vs. Market Comparables
Debt multiples: is the deal overleveraged?
Impact of investor returns by deal terms – correlation analysis
Holding period: how it impacts IRR versus investment multiple
Gross vs net IRR: your actual returns could be quite different
Dry powder: the GP’s cash flow management
Exit scenario forecasts: what else can you expect?
The J-curve: it should come back up
Important aspects of qualitative due diligence
Post-investment portfolio tracking
Summary & Closing Remarks