Private Equity is Changing. Are you ready for the shift from "Capital Commitments" to "Capital Subscriptions"?
For forty years, the private equity industry marched to the beat of a specific drum: the ten-year, closed-end fund. But a new machine has arrived: Permanent Capital. Marketed under banners of "Evergreen Funds," "Semi-Liquid Structures," and "Democratization," this structure promises the impossible: liquidity for illiquid assets.
But when you change the structure, you change the incentives. And when you change the incentives, you change the behavior.
Permanent Capital in Private Equity is an architectural analysis of this new financial machine. It is not a guide on which fund to buy, nor is it a cynical takedown of any part of the industry. Instead, it answers the key questions that marketing brochures omit: How real is liquidity in semi-liquids? What happens to governance when a manager is never forced to sell? Who sets the price in a market without buyers?
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Da: Grand Eagle Retail, Bensenville, IL, U.S.A.
Paperback. Condizione: new. Paperback. Private Equity is Changing. Are you ready for the shift from "Capital Commitments" to "Capital Subscriptions"?For forty years, the private equity industry marched to the beat of a specific drum: the ten-year, closed-end fund. But a new machine has arrived: Permanent Capital. Marketed under banners of "Evergreen Funds," "Semi-Liquid Structures," and "Democratization," this structure promises the impossible: liquidity for illiquid assets. But when you change the structure, you change the incentives. And when you change the incentives, you change the behavior. Permanent Capital in Private Equity is an architectural analysis of this new financial machine. It is not a guide on which fund to buy, nor is it a cynical takedown of any part of the industry. Instead, it answers the key questions that marketing brochures omit: How real is liquidity in semi-liquids? What happens to governance when a manager is never forced to sell? Who sets the price in a market without buyers? This item is printed on demand. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Codice articolo 9798279338931
Quantità: 1 disponibili
Da: PBShop.store US, Wood Dale, IL, U.S.A.
PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000. Codice articolo L2-9798279338931
Quantità: Più di 20 disponibili
Da: PBShop.store UK, Fairford, GLOS, Regno Unito
PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000. Codice articolo L2-9798279338931
Quantità: Più di 20 disponibili
Da: CitiRetail, Stevenage, Regno Unito
Paperback. Condizione: new. Paperback. Private Equity is Changing. Are you ready for the shift from "Capital Commitments" to "Capital Subscriptions"?For forty years, the private equity industry marched to the beat of a specific drum: the ten-year, closed-end fund. But a new machine has arrived: Permanent Capital. Marketed under banners of "Evergreen Funds," "Semi-Liquid Structures," and "Democratization," this structure promises the impossible: liquidity for illiquid assets. But when you change the structure, you change the incentives. And when you change the incentives, you change the behavior. Permanent Capital in Private Equity is an architectural analysis of this new financial machine. It is not a guide on which fund to buy, nor is it a cynical takedown of any part of the industry. Instead, it answers the key questions that marketing brochures omit: How real is liquidity in semi-liquids? What happens to governance when a manager is never forced to sell? Who sets the price in a market without buyers? This item is printed on demand. Shipping may be from our UK warehouse or from our Australian or US warehouses, depending on stock availability. Codice articolo 9798279338931
Quantità: 1 disponibili