AVCA Academy On Demand

This is the full Private Capital Fundamentals: Course Licence which consists of all modules the AVCA Academy has to offer.

In this module, we examine the business model of private capital funds. We start by looking at what investing in private capital in emerging markets looks like. We then clarify the role of the fund manager and examine key characteristics of the private capital fund model. We explore venture capital ecosystems and conclude by contrasting the benefits and constraints of private capital.

In this module, we will focus on the growth path of a typical privately-owned company and describe the different sources of funding a company might acquire as it grows and prospers. The benefits of private capital funds and other types of funds are also covered. Emerging markets is defined and the latest trends in private equity in Africa and other emerging markets are explored by visualising the latest data.

In this module, we will focus on private capital as a powerful force for development. We will explore private capital’s role in delivering the Sustainable Development Goals (SDGs) and discover how the SDGs can be implemented in a private capital fund.

In this module we will discuss how to source, filter, and select good investment deals by understanding the investment pipeline funnel. We will learn to identify different seller motivations to improve our selection capabilities and detail the investment process to prospective investors.

This module focuses on corporate governance and explains how it relates to the fund management process. We will define corporate governance and describe the value of good governance for business.

In this module, we will focus on setting clear guidelines for the implementation of sound environmental and social management (ESM) practices.

This module explores alignment and incentives in private capital funds. We will start by discussing the need for alignment and incentives, including its role in principal-agent relationships. We will then analyse the key pillars of alignment and incentives – personal and team motivation, GP commitment, carried interest, management fees and remuneration.

This course will provide you with all the necessary knowledge you require to do this successfully. Guided by your facilitator, you will gain both practical and theoretical insights into all areas of fundraising including fund strategies and teams, deal flows and structures, effective marketing, and pitching.

When investing in companies, we need to first invest in human capital. In other words, we need to invest in the skills, knowledge, and experience possessed by an individual and a team. This course explores how to navigate this and assure you have invested well in your team.

This module explores the importance of valuation and details the steps of how to value assets accurately. The valuation process and procedures are described, focusing on three different valuation approaches which include the market approach, the income approach, and the cost approach. The valuation standards and principles which inform the valuation process are also discussed.

This module examines the ideal portfolio management approach designed to ensure the highest possible performance of portfolio companies. Monitoring and risk management is described, and different exit strategies are analysed. You will also learn how to interpret performance measurements and report to investors.

This module investigates common fund structures and the constitutive bodies that govern the terms of a fund. The limited partnership structure is detailed to demonstrate the roles of the general partner and the limited partner. Common fund terms are covered and their provision to provide insight into how funds may be structured based on stakeholder agreements.

This module will provide an overview for global limited partners to understand portfolio construction and asset allocation. We will engage in content pertaining to diversification and private capital, including the ways to invest in private capital. Lastly, we will discuss how to establish a portfolio construction strategy.

In this module we will learn about the due diligence of funds, starting with explaining the need for due diligence. We will then explore the key elements and processes involved in performing due diligence. We will highlight some red flags to look out for when doing due diligence on funds and conclude by providing useful due diligence tools.

In this module, we will focus on the governing bodies who oversee the governance of a fund. We will investigate the relationships between each of these governing bodies and study their respective roles and responsibilities. We will investigate a case study to apply our decision-making based on good fund governance practice.

In this module, we will be exploring how to choose a successful fund management firm and team. We will start by discussing the expectations that investors have of fund managers and define characteristics of successful fund managers. We will then examine characteristics of a winning fund management team, including factors to look out for in a team’s track record.

In this module, we will focus on the operational due diligence process of private capital investment funds. We will begin by exploring the basic structure and relevant parties associated with investment funds. Then, we will explore the governance of the general partner who is responsible for the management of the fund. We will discuss best practice in terms of the compliance function of a private equity fund. We will address operational aspects such as finance, auditing, and reporting.

In this module we will explore the purpose of company due diligence and discuss due diligence of companies in detail. Key considerations of valuations and due diligence risk mitigation will be covered.

In this module, we will be examining the components of successful funds. We will discover what investors look for in a fund design and explore the Coherence Triangle.

In this module, we will be exploring how to screen, structure a deal and discuss the various exit options. Risk and return profiles as well as common investment instruments will be covered.

In this module, we will be exploring how the fund management team adds value to the companies in which they invest and grow profitable and sustainable companies. Portfolio company exits, including Gross-Net Gaps, planning, exit options and failed investments will be covered.

In this module, we will explore the intricacies of constructing portfolios within private capital funds. Learners will gain insights into the key steps involved in crafting a private capital fund portfolio, understanding the contributing factors to achieve optimal returns, and navigating the trade-offs inherent in portfolio construction. The module also explores asset allocation strategies, considerations, and tools, emphasizing the role of diversification in managing risk. Special attention is given to private capital funds, the advantages of the secondaries market, and the complexities of risk assessment in emerging markets.