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Product Description
Private Equity Operational Due Diligence, + Website: Tools to Evaluate Liquidity, Valuation, and Documentation (Wiley Finance) (9781118113905): Jason A. Scharfman: Books. Private Equity Operational Due Diligence: Tools to Evaluate Liquidity, Valuation, and DocumentationThough not as prevalent as hedge funds, lucrative private equity and real estate funds handle billions of dollars versus hedge funds' millions. Because of the vast amount of money invested in these funds, it is imperative that investors perform operational due diligence. Written to persuade Limited Partners once and for all of the benefits of performing and maintaining a robust operational due diligence program, Private Equity Operational Due Diligence arms you with the tools to develop detailed, agile, comprehensive, and ongoing operational due diligence reviews.Addressing the unique aspects and challenges associated with private funds, author Jason Scharfman shares his decades of experience performing due diligence on the non-investment (i.e., operational or business) risks associated with private equity and real estate funds. Beginning with a brief history of operational risk coupled with the unique aspects of operational due diligence on private equity funds, Private Equity Operational Due Diligence analyzes the approaches to valuation, legal, and financial statement risks. User-friendly flag icons throughout the text highlight key operational risk areas and deficiencies that have historically tended to signal larger problems.In this step-by-step guide, you'll discover:Operational risk compared to operational due diligenceUnderstanding the goals of the operational due diligence processDesigning an operational due diligence program for private equityKey risk consideration areas Cash management and controlsBusiness continuity and disaster recoveryValuation committee review scopeOperational due diligence specialists versus generalistsTrends in indemnification and exculpation clausesFraud considerations: mortgage fraud and straw man borrowersEvolution of Minimum Operational Risk Regime (MORR)Ongoing fund monitoring techniquesPrivate equity fund advisory boardsDifferent types of advisory boards: Limited Partners versus Pure AdvisorsCase studies and scenariosTrends and future developmentsUse of third-party administratorsImpact of Dodd-Frank on operational due diligenceA companion website includes sample checklists and templates to assist with the techniques outlined in the book, including spreadsheets for financial statement analysis and legal document analysis, as well as links to various laws and regulations. It's time to give operational due diligence its due respect with Private Equity Operational Due Diligence.
Shipping Weight: 2 pounds
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