PRIVCAP ACADEMY’S DEBUT COURSE IS NOW AVAILABLE:
COURSE 101: FUNDAMENTALS OF THE PRIVATE EQUITY ASSET CLASS
Overview of our first private equity training course, Course 101, Fundamentals of the Private Equity Asset Class:
- 150 minutes, 9 learning modules (see below)
- How private equity compares to other asset classes
- The “players” in the PE ecosystem
- Intro to buyouts, venture capital, growth equity, distressed, mezzanine
- Kelly Deponte, Probitas Partners
- Brian Rich, Catalyst Investors
Tuition: $499.00 (Regular)// $199.00 (Student)
The growing importance of PE in the US; long-term characteristics; versus public equity; overview of PE sub-strategies; recent fundraising trends globally.
Size of industry; unique characteristics of PE benchmarking and performance.
Overview of limited partners; overview of general partners; overview of portfolio companies; overview of advisors and funds of funds; overview of placement agents.
PE fund lifecycle from fundraising to liquidation; capital flows, distributions and fees; key terminology; J-Curve; extension periods; “zombie” funds; risk factors.
Basics of a buyout deal; key factors in buyout returns; size categories; major buyout firms.
VC stage spectrum; industry categories; return issues with VC; VC around the world; major VC firms.
The basics of growth equity and the companies targeted; returns; risk factors.
Investment themes uniting different distressed strategies; spectrum of strategies; historic fundraising; capital structure risk spectrum; fulcrum security; terminology; value creation.
Drivers of return in mezzanine investing; versus credit investing; sponsored versus unsponsored mezzanine firms; sources of risk; role in a portfolio.
- Institutional investors new to the private equity asset class
- Board members of institutional investors who oversee a private equity allocation
- Entry-level employees of private equity firms and advisory firms
- Professionals who do business with private equity clients
- Students interested in a career in private equity
- Private investors who may commit capital to a private equity fund or deal
Deponte, a managing director at San Francisco-based private equity advisory group Probitas Partners, has more than thirty-four years of industry experience. He is responsible for Probitas Partners’ research. Prior to joining Probitas Partners, Kelly was Chief Operating Officer and Managing Director at Pacific Corporate Group (“PCG”), a leading provider of alternative investment advisory, management and consulting services. Kelly oversaw the partnership investment program, which comprised more than $20 billion in capital dedicated globally to private equity. Before joining PCG, Kelly held various senior positions at First Interstate Bancorp, including management of a $170 million venture capital portfolio, oversight of all financial derivative activity in the corporation and its banks, and analysis and management of capital and liquidity positions of First Interstate subsidiaries. Kelly is also a member of the a Editorial Advisory Board of The Review of Private Equity and is the editor of several books published by PEI Media: “The Definitive Guide to Private Equity Fund Due Diligence” (1st & 2nd editions); “The Definitive Guide to Distressed Debt and Turnaround Investing” (1st & 2nd editions); and “A Guide to Private Equity Fund of Funds Managers” (2nd edition). Kelly earned a BA in Communications from Stanford University and an MBA from The Anderson Graduate School of Management at UCLA.
Managing Partner & Co-Founder
Rich is responsible for the general management and investment policy of Catalyst Investors. He monitors all of the firm’s investment opportunities and provides counsel for all portfolio companies. A veteran investor, he has more than 20 years of experience in the business services, technology and wireless sectors. Rich has served on numerous boards at Catalyst and predecessor funds and is currently on the executive committee of the National Venture Capital Association’s inaugural Growth Equity Group. In 2010 he was invited by the FCC to advise on media ownership. Prior to co-founding Catalyst, Mr. Rich founded and managed TD Capital (USA) Inc. (“TD Capital”), the entity that made Toronto Dominion Bank’s U.S.-based equity, mezzanine, and limited partnership investments from 1995 to 1999. As group head, he oversaw approximately 40 investments totaling more than $600 million. Before founding TD Capital, Mr. Rich was a Managing Director in the bank’s Media, Telecom & Technology Group. Prior to joining TD in 1990, Mr. Rich held positions at The Bank of New York and Intel Corporation.
Mr. Rich earned a BS in Industrial Engineering from the State University of New York at Buffalo and an MBA from Columbia Business School.