Business Model of Private Capital Funds
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.
Overview of Investment Funds in Africa and Other Emerging Markets
PRIVATE CAPITAL ECOSYSTEM
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.
Impact of Private Capital on Economic Development & SDGs
PRIVATE CAPITAL ECOSYSTEM
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.
Valuations of Private Capital Portfolio Companies
FUND MANAGER FUNDAMENTALS
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 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 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.
Manager and Fund Selection (Investor Perspective)
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.