PRIVCAP ACADEMY GLOSSARY
Welcome to Privcap Academy’s online glossary. Here, you will find definitions of terms and phrases frequently used in the world of private equity.
Using the Glossary
To begin browsing the glossary, click on a letter of the alphabet or scroll through the terms below.
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- Activist investing
- Allocation
- Alternatives
- Asset class
- Asset-backed security
- Basis points (BPS)
- Benchmark
- Blind pool
- Bucket
- Buy-and-build
- Buyout
- Capital structure
- Carried interest
- Carve-out
- Control
- Correlation
- Coupon
- Covenants
- Credit
- Credit Cycle
- Distressed debt
- Distribution
- Draw down
- Dry close
- Dry powder
- Due diligence
- Equity
- Equity sponsor
- Equity warrant
- Financial sponsor
- First close
- Fulcrum security
- Fund extension
- Fund-of-funds
- Fundless sponsor
- General Partner (GP)
- Growth capital
- Hard cap
- Hard circle
- Harvesting
- Illiquid
- In-kind distributions
- Internal rate of return (IRR)
- Investment period
- J-curve
- Leveraged Buyout (LBO)
- Limited Partner (LP)
- Limited Partner Advisory Committee (LPAC)
- Limited Partnership Agreement (LPA)
- Liquidation period
- Management company
- Management fee
- Mezzanine debt
- Multiple
- Net Asset Value (NAV)
- Payment-in-kind (PIK)
- Placement agent
- Portfolio Company
- Portfolio theory
- Pre-marketing
- Private placement memorandum (PPM)
- Public market equivalent (PME)
- Qualified Purchaser
- Recycling
- Restructuring
- Secondary market
- Seed stage
- Separate account
- Series A
- Soft circle
- Target size
- Tranche
- Turnaround
- Venture capital
- Vintage year
- Waterfall
- Wet close
- Zombie fund