Meerkatt, H.; Liechtenstein, Heinrich von
As the financial crisis made its mark two years ago, Heinrich Liechtenstein and Heino Meerkatt predicted a significant shakeout in the private equity industry. In their new white paper, the two experts now offer private-equity firms the key to survival: by creating business value through operational performance.
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Amit, R.; Liechtenstein, Heinrich von
Despite the economic crisis, 15 percent of family offices turned a profit in 2008-2009. A study by IESE and Wharton reveals the keys of family offices for weathering the storm. The latest study of family offices by IESE and Wharton analyzes the peculiarities of operations carried out by family offices and identifies the key factors that make this kind of entity stand out from the rest.
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Groh, A.P.; Liechtenstein, Heinrich von
How do investors in VC/PE funds pick their most attractive options? The 2009/2010 Global Venture Capital and Private Equity Country Attractiveness Index may help. In this dynamic guide, IESE professors and a team of researchers profile the attractiveness of 66 countries and speculate on how the crisis may affect their standing.
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Meerkatt, H.; Liechtenstein, Heinrich von
Having predicted a major shakeout in the private-equity industry in the wake of the twin crises of 2008, authors Heino Meerkatt and Heinrich Liechtenstein have more news. Capital is still available and most investors will deliver. Yes, there will be more casualties: cash-strapped anchor investors may drag their firms down. Yet, by gaining power, investors will continue to force the industry through a necessary evolution.
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Groh, A.P.; Liechtenstein, Heinrich von
It is a simple fact that VC-backed firms have more leverage to innovate and create more employment and growth than their peers. A strong capital flow is the cornerstone of any entrepreneurial endeavor in modern economics. Understanding this, this paper examines the criteria for investing in VC funds and determines the importance of why investors select certain funds. (Video available).
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Meerkatt, H.; Liechtenstein, Heinrich von
With many private-equity firms not expecting to raise the next fund, between 20 and 40 percent of LBO firms could go under within the next three years as a result of the economic crisis. Amidst this dire outlook, Heino Meerkatt of BCG and Heinrich Lichtenstein of IESE suggest three main steps that firms can take to confront the crisis.
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Groh, A.P.; Liechtenstein, Heinrich von; Canela, Miguel Ángel
All an entrepreneur needs is a bright idea, a garage and a bit of private equity, right? Easier said than done. It is the last of these - the seed money - that can be the hardest to come by, mainly dependent on the attractiveness of the country for investing. A new paper by Alexander Groh, Heinrich Lichtenstein and Miguel A. Canela reveals investors' top concerns when doling out risk capital. Depending on how well the country in question deals with protection of property rights, deal flow and corruption may well determine if the entrepreneur gets the desired backing.
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Liechtenstein, Heinrich von; Amis, David; Fülöp, Istvan M.
If you need to grow, but you're not yet big enough to attract venture capital, then it's time to petition the angels, those small - to medium - sized investors who can give your business wings. But angels come in all shapes and sizes and, as many of them let the deal find them rather than the other way round, you need to pick your angel with care. Based on research carried out for the book Winning Angels, the authors of these notes profile the different types of angels and the seven steps the winners invariably follow.
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Amit, R.; Liechtenstein, Heinrich von; Prats Moreno, Mª Julia; et al.
Single Family Offices (SFOs) - a modern version of the Roman major domus or chief steward of the household - are professional organizations that manage the personal fortunes and lives of the world's wealthiest families. Since SFOs focus on private affairs, little is known about them, particularly about their governance, investment focus and geographic differences. The groundbreaking paper, "Single Family Offices: Private Wealth Management in the Family Context," published by IESE Business School and Wharton Global Family Alliance, fills this knowledge gap and is the most comprehensive and diverse study of SFOs to date. The survey reveals insights from Single Family Offices in Europe, the Americas and Asia that manage at least $100 million in investable assets. (Video included)
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Groh, A.P.; Liechtenstein, Heinrich von; Canela, Miguel Ángel
The countries of Central Eastern Europe (CEE) should be highly attractive to institutional investors in Venture Capital and Private Equity Limited Partnerships. After all, the region is booming: The level of education is high, institutional structures are working, policies promote innovation and growth estimates rise above the European average. Yet, the supply of risk capital to the region remains surprisingly low. Seeking to unfold this mystery is the paper "Limited Partners' Perceptions of the Central Eastern European Venture Capital and Private Equity Market" by Alexander P. Groh, Heinrich Liechtenstein and Miguel A. Canela, which concludes that it's all about investor perceptions.
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