scholarly journals Venture Capital and Private Equity Investment Preferences in Selected Countries

e-Finanse ◽  
2015 ◽  
Vol 11 (3) ◽  
pp. 128-137
Author(s):  
Krzystof Dziekoński ◽  
Sławomir Ignatiuc
Keyword(s):  
Venture Capital ◽  
Capital Market ◽  
Private Equity ◽  
New Technology ◽  
Investment Strategies ◽  
Equity Investment ◽  
Equity Funds ◽  
Return On Capital ◽  
Private Equity Funds ◽  
Capital Access

Abstract Sources of capital to finance companies in the SME sector is one of the basic conditions for the functioning and development of enterprises, especially in the early phase of their development. Increasingly popular is the use of capital market instruments, Private Equity, Venture Capital, Business Angels or Mezzanine. Funding of this kind can finance risky investments in return for a higher expected rate of return on capital. Access to financial resources and the conditions under which entrepreneurs can use them can determine the introduction of new technology, new products and services, expand distribution channels, implement changes that may lead to the growth in competitiveness and above all, innovation, thus the growth of the company. The paper presents results of statistical analysis of the venture capital and private equity funds investment strategies in selected countries. As a result investment profiles are created.

scholarly journals Venture Capital and Private Equity Investment Strategies in Selected European Countries

e-Finanse ◽  
2015 ◽  
Vol 11 (4) ◽  
pp. 34-45
Author(s):  
Krzysztof Dziekoński ◽  
Sławomir Ignatiuk
Keyword(s):  
Venture Capital ◽  
Private Equity ◽  
Research Question ◽  
High Growth ◽  
Equity Capital ◽  
Growth Potential ◽  
Investment Strategies ◽  
Equity Funds ◽  
Private Equity Funds ◽  
Entrepreneurial Activities

Abstract Private equity and venture capital (PE/VC) funding is the provision of equity capital by financial investors to non-quoted companies with high growth potential. It has a particular emphasis on entrepreneurial activities rather than on mature businesses. PE/VC investors differ on several dimensions including: investment targets, screening evaluation methods, governance mechanisms, and objectives. The paper is a continuation of the discussion that concerns investment strategies of PE/VC funds. While studying the PE/VC market it is important to analyze the origin and structure of capital. The authors assumed that different types of investors have different investment strategies. Our research is an attempt to answer the following research question: whether the investor type, on the European PE/VC market, has an impact on the selection of industries. The paper presents results of statistical analysis of venture capital and private equity funds investment strategies in selected countries.

scholarly journals Trends in Underpricing of Private Equity Backed IPO at the Capital Market in Poland in the Years 2000–2018

2019 ◽  
Vol 53 (4) ◽  
pp. 153
Author(s):  
Piotr Zasępa
Keyword(s):  
Venture Capital ◽  
Financial Markets ◽  
Capital Market ◽  
Global Economy ◽  
Private Equity ◽  
Stock Exchange ◽  
Rates Of Return ◽  
Equity Funds ◽  
Warsaw Stock Exchange ◽  
Private Equity Funds

<p>The global economy is distinguished by the dynamic development of financial markets and with it creating a new specific segments of the market. One of them is the market for venture capital and private equity funds, which is developing very dynamically for more than 50 years. This article aims to analyze the level of underestimation of the IPO on the Warsaw Stock Exchange companies supplied by venture capital and private equity funds. Analyzing the rates of return of 54 companies supplied with VC funds and 453 companies which do not have the support of venture capital funds in the 2000–1018 period, it should be stated that traditional companies reached the lower level of underestimation. For companies a broad market level underestimation of the IPO was 9.99% and for companies with VC/PE support – 9.12%.</p>

Industry-Wise Investment Pattern of Select Private Equity Funds in India

2018 ◽  
Keyword(s):  
Financial Services ◽  
Private Equity ◽  
Equity Fund ◽  
Equity Investment ◽  
Private Equity Fund ◽  
Investment Pattern ◽  
Equity Funds ◽  
Private Equity Funds ◽  
Indispensable Tool

The article is an analysis of Private Equity investment deal values across 24 industries by select Private Equity funds from 2007–2016. The purpose of the research is to identify any patterns of movement of deal values. The study established the growth rate of deal values and observed the performance of each Private Equity fund throughout the 10-year period. The purpose of the study is to determine the significance of Private Equity investment for the promotion, growth, and development of industries. In the case of heavy industries such as Energy, Engineering and Construction and Manufacturing, Private Equity investment becomes inevitable, at least as a supplement to government funding. Due to rising disposable income and purchasing power of people, industries such as BFSI (Banking, Financial Services, and Insurance) Retail, and other services such as Travel, Transport, and Telecom are also attracting considerable Private Equity. The role of Private Equity as an indispensable tool for industrialization is emerging and becoming dynamic. Furthermore, the government’s go-ahead attitude towards reforms is further boosting Private Equity investment’s opportunities and impact on India’s economic development.

A Survey on Enterprise Opportunities and Analysis of Technological Startups and Valuation

2020 ◽  
pp. 84-91
Author(s):  
Anandakumar Haldorai ◽  
Arulmurugan Ramu
Keyword(s):  
Venture Capital ◽  
Private Equity ◽  
Darwinian Selection ◽  
Know How ◽  
Investment Value ◽  
Finance Development ◽  
Equity Funds ◽  
Private Equity Funds ◽  
Traditional Approaches ◽  
Start Ups

Enterprise technological start-ups represent the newly created firms with the possibility to rapidly develop and assume liquidity in the next few decades. The main purpose of this mode of expansion is to enhance finance development over considerably limited collateralizable fiscal assets. However, this is considered unattractive from the ancient banking corporations which have now been replaced by more sophisticated and specialized intermediaries such as the private equity funds or the venture capital that diversify business portfolios in reference to their strategies on multi-annual exit with firm projected increment in investment value that endured the Darwinian selection. In that regard, this paper conducts evaluation of firms and reviews their technological start-ups following traditional approaches, flanked based on certain elements derived from multiple-exit methods and varied probabilistic scenarios. The technological footprints showcase the evaluation analogies with know-how, intangibles and patents that are connected to certain sectors.

scholarly journals Private equity fondovi i hrvatsko iskustvo

2021 ◽  
Vol 70 (6) ◽  
pp. 783-824
Author(s):  
Morana Derenčinović ◽  
Keyword(s):  
Capital Market ◽  
Hedge Funds ◽  
Private Equity ◽  
Hands On ◽  
Equity Funds ◽  
Legislative Framework ◽  
Private Equity Funds ◽  
Basic Characteristics ◽  
Almost All ◽  
The Relationship

Private equity funds are important players in the capital market, investing billions of dollars and euros in portfolio companies every year worldwide and in Europe, thus improving their business and development at almost all stages of their life cycle. Although Croatia lags far behind in this respect - both in terms of foreign private equity funds investing in Croatian companies and in terms of developing the private equity industry in Croatia - we believe it is important to analyze private equity funds and their characteristics in order to gain a full understanding of them . Therefore, this paper will try to define private equity funds and private equity and their interconnection, and explain the various forms and types of equity issued in private equity investments. Furthermore, the paper outlines the basic characteristics of private equity funds, which are crucial for understanding the way they operate, the relationship with the portfolio company and investors. Private equity funds have a specific lifespan and term, and bear significant risks (greater than those of the “infamous” hedge funds). They are meant for professional investors whose approach in portfolio companies is “hands on”. The paper also presents the most common structures of private equity funds, which differ significantly from those in Croatia, whose legislative framework unfortunately still places strong legal obstacles for the efficient and effective functioning of private equity funds. Finally, the paper presents the Croatian experience with private equity funds, with a description of the first private equity funds in Croatia and a special reference to economic cooperation funds, as a special feature of the Croatian capital market and private equity industry.

Cycle on the Warsaw Stock Exchange and the level of underpricing of venture capital and private equity funds over 2000-2013

2017 ◽  
Vol 18 (1) ◽  
pp. 0-0
Author(s):  
Piotr Zasępa
Keyword(s):  
Venture Capital ◽  
Initial Public Offering ◽  
Private Equity ◽  
Stock Exchange ◽  
Development Fund ◽  
Public Market ◽  
Equity Funds ◽  
Warsaw Stock Exchange ◽  
Private Equity Funds ◽  
The Impact

Investments of venture capital and private equity funds are made in young fast growing companies whose founders are characterized by a lack of capital for their development. Fund investment cycle is assumed to follow the process of divestment after a period of rapid growth and dynamic growth of the company. One of the methods used willingly completion of the investment by the funds is to put the company on the stock exchange. It is quite a long and expensive process, however, that the valuation of the fund may obtain a public market is often the highest possible. The process has, however, affected by the condition of the public market and current trends in the market for initial public offering. This is also reflected in the so-called underpricing of the offer or the difference between the opening and closing of the first day of trading of the company. This article aims to analyze the impact of trends on the stock exchange on the level of underestimation of the value of the transaction IPO on the Warsaw Stock Exchange in the period 2000-2013.

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