23727 - PRIVATE EQUITY E VENTURE CAPITAL

Learning outcomes

The course focuses on the role of investors in Private Equity (PE) and Venture Capital (VC), examining their strategies, decision-making processes, and impact on target companies. Topics include fundraising, risk analysis, investment opportunity evaluation, and deal structuring. Students will develop skills to understand investor logic, including value creation and exit strategies. The course aims to provide a comprehensive view of the investment cycle, with a particular focus on portfolio management dynamics and interactions with entrepreneurs.

Course contents

1. Theoretical framework and market dynamics.

2. Fundraising

3. Venture capital deals.

4. Growth capital deals.

5. Buy outs

6. The venture capital cycle

7. Exit strategies

8. Legal aspects

Readings/Bibliography

Private Equity e Venture Capital, di Anna Gervasoni e Fabio Sattin, 2024, Guerini Next.

Other material will be shared by the lecturer before any class.

Teaching methods

Frontal lessons, plus discussions of case studies and problem solving

Assessment methods

The assessment cosists of a final written exam which will last 2 hours. The final exam will comprise a variety of questions, such as multiple choice, open-end and problem solving ones. Moreover, there could be an extract of an article from the financial press which has to be analyzed by the student. During the exam, students are allowed to use calculators, and formulas for quantitative problems.

The passing grades for students are in the range 18-30 cum laude (30L). These grades are based on the following evaluation criteria:

18-23: The student has sufficient preparation and analytical skills, spread however, over just few topics taught in the course, the overall jargon is correct.
24-27: The student shows an adequate preparation at a technical level with some doubts over the topics. Good, yet not too articulated analytical skills with the use of a correct jargon.
28-30: Great knowledge about most of the topics taught in the course, good critical and analytical skills, good usage of the specific jargon.
30 cum laude (30L): Excellent and in depth knowledge of all the topics in the course, excellent critical and analytical skills, excellent usage of specific jargon.

Teaching tools

All teaching material will be posted on Virtuale. During part of the classes students could use Microsoft Excel.

Office hours

See the website of Andi Duqi