Beyond the J Curve: Managing a Portfolio of Venture Capital and Private Equity Funds
Ebook
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Overview
In 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. Beyond the J Curve 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’. Beyond the J Curve provides the answers to key questions, including: Why ‘top-quartile’ promises should be taken with a huge pinch of salt and what it takes to select superior fund managers? What do limited partners need to consider when designing and managing portfolios? How 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? Why is monitoring important, and how does a limited partner manage his portfolio? How the portfolio’s returns can be improved through proper liquidity management and what to consider when over-committing? And, why uncertainty rather than risk is an issue and how a limited partner can address and benefit from the fast changing private equity environment? Beyond the J Curve 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.
"...highlights why limited partners are bad performers and provides guidance for investments..." (Financial Times, 1st August 05) "...an interesting book on a fascinating subject" (Professional Investor, Dec/Jan 05/06)
- Title: Beyond the J Curve: Managing a Portfolio of Venture Capital and Private Equity Funds
- Authors: Thomas Meyer, Pierre-Yves Mathonet
- Publisher: Wiley
- Print Publication Date: 2023
- Logos Release Date: 2024
- Pages: 400
- Language: English
- Resources: 1
- Format: Digital › Ebook
- ISBNs: 9781119995029, 9780470011980, 047001198X, 1119995027
- Resource ID: LLS:9781119995029
- Resource Type: Monograph
- Metadata Last Updated: 2025-04-21T19:37:21Z
About the authors DR THOMAS MEYER 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 M2.5 billion committed and almost 5 billion under management.