Private Equity Dissertation - Good topics?
Hi guys,
What do you think are good Private Equity dissertation topics?
I would have been extremely interested in something like "What value is left in secondary buyouts", but obviously access to data would probably prove to be extremely difficult.
Another topic i thought of was "Are positive debt incentives on management stronger in highly-leveraged buyouts?" or something along those lines.
Does anyone have other suggestions of interesting PE questions / aspects? Especially the PE guys out here, is there a particular question you have asked yourself and that you think would be interesting to tackle academically?
Thanks !
Interested to hear what you decide on/come up with
A thorough piece of research would be to identify the correlations in PE performance relative to broader equity and debt markets.
good idea
How about carry interest and the effect that it has created in risk taking, and the steps investors are taking to limit that extreme risk taking?- since PE funds can only participate on upside, they're willing to take huge risks. Knowing the effect, investors usually demand the general partners to put money in their own PE funds, but I noticed over the past few years a lot of the general partners do it in the form of a fee waiver- instead of putting in actual cash, they waive some management fees, and call the waived fee their own capital. Also, some GPs borrow money from their own very PE fund to put money in as their own capital... does fee waiver or debt financing from the PE fund itself reduce the effect of extreme risk taking? I've been wondering about it (oh and btw, I know investors don't like it, but they've been tolerating it).
PE dissertation: evolution of the due diligence process (Originally Posted: 05/14/2012)
Hello everyone,
I am writing my dissertation on the evolution of the due diligence process that private equity firms go through when analysing targets. More specifically, I would like to look at the impact - on the due diligence process - of the shift that the industry has witnessed from financial engineering to operational improvements.
My guess is that PE funds now look at different ratios than before, for example, and are looking harder at possible operational improvements that they can harvest, rather than mainly performing financial analysis to rely on leverage as the core driver for high returns. I would like to investigate this deeper and find out what the practical consequences are on the due diligence process.
I am an MSc student at the LSE in London and will be conducting interviews with PE professionals. If you are knowledgeable in this area and are interested in talking about this with me, please contact me. If you have any suggestions or if you know anything about the topic, again: please do get in touch with me.
Many thanks in advance!
Whats in it for me?
1) I would send you the final product 2) You would be helping someone who has a genuine interest in your industry 3) You get to do something else than your traditional daily routine for 30 min
can't really help you atm but think its a great idea. it'd be really great if you could share your insights on the forum
Certain PE fund sponsors are better known for emphasizing heavy operational restructuring in their value proposition. I know KPS Capital Partners and a breakaway firm called Monomoy fall in this category. There was a good article featuring Monomoy in a recent issue of Bloomberg's Business Week: http://www.businessweek.com/articles/2012-04-26/my-week-at-private-equi…
Another avenue you might consider (not sure if this will help your dissertation or overcomplicate it) is how the major LPs (pensions, endowments, etc.) view various sponsors, and to what extent the importance of a sponsor's perceived "operational ability" has increased over time. Fundraising has been very competitive in the latest cycle, and I think you will find that LPs are focused on committing capital to funds they see as having an operational edge. This is also likely reflected in the terms governing leverage limits and other fund terms in the latest partnership agreements.
This is certainly case in the world of real estate private equity fundraising, and I imagine the same holds in the world of corporate buyouts as well.
What a great project! Please put me on your distrubition list.
In my opinion, the only resource to learn about the evolution of due diligence or essentially anything about the leading edge of due diligence, is the Association of Due Diligence Professionals. And you should really try to talk to the CEO, Charles Bacon. I've never found anybody close to his level of knowledge and experience in due diligence, and his contributions to the field are amazing.
Disclaimer: I do not speak for this association or this person. I am a member of the association, and I did take the association's course for the Certified Due Diligence Professional credential. I was very lucky that he was my teacher. If you can get to talk with him, I think that you could learn more from him in a few minutes than countless hours of research.
Let me know if I can help further.
Sam
Private equity dissertation help needed (Originally Posted: 11/05/2006)
Hey
I am a msc student writing my final dissertation before starting in banking - however I am pretty time pressured. I writing about "value creation in buyouts on a operationel level. "
Have anyone here ever written a paper or disseration about this. If you have , it would be of great help if you could mail it to me.
it would be like the movie pay it forward.
my mail is [email protected]
you will really help a young student if you have anything I could use.
Kind regards
Don-M
so you want someone to do all your work for you? You could have gotten a large % of your paper, if you simply asked leading questions on here...and then just added some fluff(examples etc)...but giving you a disseration to plagiarize? I sincerly doubt you'll have any volunteers.
Disclaimer: The post above has been made by someone who is not currently employed in IBD, and has not had an interview yet...
Exercise some integrity.
If you are facing any difficulty in writing a good dissertation, go for online dissertation writing service, I have tried topqualityessays.com and I can say that the professional writers of this service are a big help for me and my friends.
Get a clue, dude.
FYI: The OP started this thread in '06
Anyways, how did the dissertation go? Post it online so we can all read it....
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