Private Equity as an Asset Class

Course description

Private equity is an asset that has become widely accepted as a key component of investment portfolios. Its major advantage is that it delivers attractive risk-adjusted returns with fairly low correlation to equities and bonds.

This two day course will explain all aspects of private equity as an asset class and equip you with the most efficient and up-to-date portfolio implementation techniques.

You will gain practical tools to analyse risks, manage due diligence process as well as evaluate and select investments.

Finally, you will explore current market trends which will help you assess the best ways of obtaining exposure to private equity.

Run by an experienced banker who specialises in asset allocation and portfolio management this training will give you practical tools to optimise portfolio by implementing private equity as a part of your investment strategy

What will you learn

By the end of this training you will:

  • Understand the nature and characteristics of private equity as an asset class
  • Gain all the tools to analyse and implement private equity in an investment portfolio
  • Understand due diligence process as well as risk management and portfolio measurement techniques
  •  Assess different ways of obtaining exposure to this asset class
  • Learn how to construct the portfolio and achieve diversification
  • Understand current trends in the Middle East private equity sector as well as in Asia
  • Explore current market trends including exposure to emerging markets and what lessons can be learnt from the North American and European markets

Main topics covered during this training

  • Private equity in context
  • Stages and types of investments
  • The case for private equity in an investment portfolio
  • Analysing risk, volatility and correlation
  • Leveraging
  • Practicalities of constructing private equity portfolio: allocation, diversification and implementing the strategy
  • Portfolio measurement and management
  • Practical aspects of selecting investments
  • The best ways to obtain exposure to private equity
  • Due diligence process
  • Understanding the risks
  • Exit strategies
  • The skill set of private equity manager
  • Current market trends: the globalisation, emerging markets
  • Evaluating private equity investment

Who should attend

From Investment and Private Banks, Funds and Asset Managers, Pension Funds and Insurance Companies as well as other Institutional Investors, Consultancies and Lawyers:

  • Portfolio Managers
  • Alternative Investment
  • Fund Managers
  • Private Investors
  • Wealth Managers

Private Equity as an Asset Class - 2 Day Programme

Introduction and background to Private Equity

  • Introduction
  • Definition of Private Equity
  • Stages of investment
  • Types of investment (MBO, LBO, Venture Capital, Mezzanine)
  • History of the industry
  • The main sources of Private Equity
Case Study: The Economic impact of Private Equity in the UK
The case for Private Equity
  • Long term historical performance against public markets
  • True stock picking
  • Absolute returns
  • Portfolio diversification – combining private equity with conventional asset classes
  • Risk, volatility and correlation
  • Correlation between Private and Public Equity
  • Exposure to smaller companies
  • Access to legitimate inside information
  • Ability to back entrepreneurs
  • Influence over management and flexibility of implementation
  • Access to leverage

The fundamentals of Asset Allocation and Portfolio Construction

  • Overview of the investment management process
  • The “traditional” asset classes (cash, bonds and equities)
  • Investment styles: active vs passive
  • Core and satellite management
  • Tracking “alpha” and “beta”
  • Risk, diversification and correlation
  • The role of Alternative Investments
  • The case for Hedge funds
  • The case for investment in Real Estate
  • The case for commodities
  • Asset allocation in action
Constructing the Private Equity portfolio
  • The size of the private equity allocation
  • How many funds/investments to commit to
  • Achieving diversification
  • Managing illiquidity and cash flow volatility
  • Implementing the strategy
Monitoring the portfolio and measuring performance 
  • Monitoring
  • Measuring performance
  • Valuation of investments and the concept of “fair value”
Practical aspects of selecting investments
  • The different ways to obtain private equity exposure
  • Fund of fund structures and their benefits
  • Investing and buying in the secondary market
  • Types of fund structure
Due diligence
  • The importance of manager selection
  • The importance of fund selection
  • The importance of selecting the right fund structure
  • The Limited Liability Partnership
  • The relationship between the General Partner and Limited Partners
  • The correlation between the size of the of an investment and its success
Understand the risks
  • Long term nature of investment
  • Increased resource requirement
  • “Blind pool”

The skill set of a private equity manager

Exit strategies
Current trends in the market place
  • The globalisation of Private Equity
  • What lessons can be learnt from the North American and European markets?
  • Are regional private equity funds preferable?
  • Examining the rush to emerging markets
  • China
  • India – opportunities and challenges
  • Has Private Equity become a mainstream investment?
  • The outlook for Private Equity returns
Workshop session: How to evaluate a Private Equity investment
This session will be based on case studies and will cover a broad range of considerations including:
  • Performance – Track record
  • Team – access to the best General Partners
  • Strategies
  • Deal Flow
  • Diversification – by strategy, by market etc
  • Research
  • Due diligence process
  • Cost efficiency
  • The case for Fund of Funds

 

Trainer

Eureka Financial Faculty

All our trainers have over 20 years of practical experience in their relevant sectors so the programmes are very practical and include case studies and exercises.

 

FAQ

We offer banking and finance courses as well as soft skills and business management training. You can either attend an open public course in London or Dubai or arrange customised in-house training to be delivered in any of your offices worldwide.

Most of our public courses are run over 2 full days. Some programmes are offered as a 1 or 3 day training.

In-house training is tailored to client’s requirements and can be organised over 1 day, 2-3 weeks or longer.

Public courses are organised mainly in London and Dubai. Occasionally we organise courses in other centres like Paris or New York. Check our public course calendar for the current list of programmes. We use a range of training venues, all in the centre of the cities and with excellent transport links to the airports and train stations.

In London we use venues in the centre (near Oxford Circus station or in Mayfair) or in the City (near Liverpool Street or Moorgate stations).

In Dubai our courses are organised in one of 4-5* hotels in the Deira district. Once you register we will send you detailed information together with accommodation options if required.

Our in-house courses can be delivered anywhere in the world. We work with over 25 trainers worldwide. Contact us do discuss your requirements. Check our list of available programmes.

Our courses are run in central locations from 9 a.m until 5-5.30 p.m. There are 2 coffee breaks and a lunch break. Lunch is always provided in the venue.

Dress code is smart casual.

All our programmes are taught by senior specialists who have spent many years in their respective sectors, working as senior managers and head of departments, so they understand very well the market and the challenges you are facing.

The experience of our trainers allows us to create very practical programmes, focused on current market trends and challenges. You can be sure that you will gain the knowledge which can be instantly applied in your workplace after the course. You will be analysing real life case studies, take part in group exercises and discussions as well as role plays, whenever applicable.

We want our courses to be as practical and interactive as possible so we limit the number of participants in order to optimise your time with the trainer and allow you to ask questions which are important for you.

In order to understand your requirements and expectations, we will send you a pre-course questionnaire.

You will also receive post-course support so if you have any questions after you left the training, you are welcome to contact us.

There are 2 easy ways to register:

  1. Go to the course of your choice and click Register Now button to fill the registration page
  2. Email us to enquiry@eurekafinancial.com

After you register, we will send you registration confirmation and an invoice so you can arrange the payment. Please note that your place is not confirmed until we receive it.

If you register within Early Bird discount period, there’s limited time to arrange the payment in order to be eligible for the discount. You will find all the details on the invoice.

We don’t advise to make any travel and hotel arrangements until you receive full course confirmation from us.

We will send you venue and course details as soon as possible but most likely about 3-4 weeks prior to the course commencement.

You can pay by:

  • Making a bank transfer
  • Debit/credit card
  • Cheque payable to Eureka Financial Ltd. - only within UK

Just mark preferred paying option on the registration form. Whichever form of payment you choose we will always send you an invoice.

If you pay by card, a 2.2% processing fee will be added. We will send you authorisation form so you can give us your card details.

Included in the price of a public course are:

  • Course tutorial
  • Take away course materials
  • Course Certificate
  • Lunch on the days of the training as well as drinks and snacks throughout the course

The price doesn’t include accommodation, flights, transfers and any additional costs outside of the training venue.

Yes, we always offer Early Bird discount, so the sooner you register the more savings you can make. We also offer group discounts and if you register for 2 or more programmes at the same time.

If you are a full time student or unemployed, we offer a 25% discount of the full price of the training. Student ID or unemployment status confirmation is required to claim this discount.

If you attend one of our courses you will be entitled to a special discount for a year after the last course you attend with us. Also, if you have attended and recommended us to a friend, both you and your friend will receive a special discount. You will receive more information about it after you attend the course.

See our Customer Loyalty Discounts page for more details.

All our courses based in the UK are subject to the VAT charge of 20%. This fee is irrespective of the country of residence of the delegates.

You can, however, claim the VAT back by contacting UK tax office - HMRC, and filling the relevant form, as long as you comply with the following rules:

For Delegates coming from the EU countries

If you represent a registered business in another EU country, you can use the Refund Scheme to reclaim VAT you pay in the UK as long as all of the following apply:

  • You're not registered for VAT in the UK and don't have to, or can't be, registered here
  • You don't have a place of business or a residence in the UK
  • You don't make any supplies in the UK

You can find some more information here. In order to claim the VAT you have to fill Form 65.

For the Delegates from Non EU countries

If you represent a registered business in a non-EU country, you can use the Refund Scheme to reclaim VAT you pay in the UK as long as all of the following apply:

  • You're not registered for VAT in the UK and don't have to, or can't be, registered here
  • You don't have a place of business or a residence in the EU
  • You can only use the Refund Scheme if your own country operates a similar scheme and makes it available to UK businesses. If your country has its own Refund Scheme but doesn't let UK businesses use it, you can't claim under the UK Refund Scheme.
  • You don't make any supplies in the UK

If the following rules apply to you, please fill the 65A form and send it to HMRC.

If you are unable to attend the course, you can either send a replacement at no extra charge or, up to 20 working days before the training, you can transfer your booking to another course within the next 6 months for an additional fee of 25% of the full course value. Please note that you can only transfer once.

Alternatively, for cancellations requests received more than 20 working days before the course date we will offer a refund less an administration fee of 10% of the course price.

We regret that no refunds can be given after this period. Non-attendance without any notification will be charged at full rate.

Cancellations must be made in writing and reach our office 20 working days prior to the course date.

Your place on a course is not guaranteed until we receive the payment. All payments must be made in full before the course date.

All our trainers have been working for many years in their respective sectors before they begun to teach so they bring a wealth of practical experience to the classroom.

Most of them used to work for 15 or more years in the financial sector and corporate world, and were holding positions of Directors, VP and Senior Managers. Some of them have published books and have written articles for specialised magazines and newspapers including FT, The Independent, The Times etc. You can find detailed biography of each trainer on the page of the course you want to register for.

Yes, you will receive a Certificate of Attendance at the end of the course you attend.

If you have to apply for a Visa to attend a course in the UK, we will issue a letter to support your application. The letter will be issued only after the payment for the course has been made.

It is delegate’s responsibility to obtain a Visa and failure to do so will not make the participant exempt from the cancellation policy.

Anyone suspected of applying for a training course simply to gain a Visa letter will be reported to their embassy.

We will need the following information to issue an invitation letter:

  • Full name as it appears on your passport
  • Date of birth
  • Passport number
  • Passport issue date
  • Passport expiry date

This topic can be arranged on in-company basis. If you have a group of 4 or more we can customise it and deliver in any location worldwide. Contact us to discuss your requirements

WHAT PAST DELEGATES SAY

We are using cookies on our website

Please confirm, if you accept our tracking cookies. You can also decline the tracking, so you can continue to visit our website without any data sent to third party services.