Venture Capital, Private Equity, and the Financing of Entrepreneurship: The Power of Active Investing

Overall, this is a well written and informative introduction to the world of private equity. Granted this was a mandatory textbook for a course in private equity, I found it extremely helpful and still refer back to it at times a year later. The text does a sufficient job at introducing and explaining concepts from The Private Equity Cycle between General Partners and Limited Partners to the structuring of deals and achieving liquidity in a PE setting. While my very accomplished professor, currently a founder and managing partner at his own PE firm, did mention several times throughout the semester that some of the book's explanations were not accurate depictions of the "real-world", he still felt a majority of the concepts were for the most part accurate. It is mostly a conceptual textbook without much in-depth "math" work. If you are looking for a solid introduction to private equity or this is a required textbook for a class, I would recommend going ahead and buying (instead of renting) the book if you are genuinely interested. However, if you are searching for a more in-depth look into more advanced PE modeling or LBO tactics, I would look elsewhere.

Perfect

Great Book

On my personal opinion, it’s one of the best books for PE/VC

A must buy for you who are taking PE/VC course or writing research about it.