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Compensation models in Venture Capital Partnerships

Masterarbeit 2002 40 Seiten

BWL - Investition und Finanzierung

Zusammenfassung

Inhaltsangabe:Abstract:
Private Equity and Venture Capital have become an important factor in corporate finance and has returned high profits to investors and fund managers. This papers gives an overview of the structure of venture capital partnerships and their sources of income - specifically management fees and carried interest. A venture capital fund model explains the financial in- and outflows over the lifetime of a venture capital fund and the distribution to general and limited partners and the management.

Inhaltsverzeichnis:Table of Contents:
1.Introduction2
2.Overview of worldwide venture capital markets4
2.1Long term development5
2.2Key drivers for the Development6
3.Performance of Venture Capital Funds8
3.1Dependence on vintage year9
3.2Latest developments and outlook10
4.Venture Capital Partnerships13
4.1The Structure of Venture Capital Backed Investments14
4.2Sources of income for VC-management companies15
4.3Why Is Carried Interest So Important in Private Equity?16
5.Income model for the management company18
6.Discussion of the impact of different compensation principles21
6.1Management Fees21
6.2Carried Interest23
6.3Total compensation of general partners25
7.How the management does participate27
8.Conclusions and new trends30
9.References33
10.Glossary34

Details

Seiten
40
Erscheinungsform
Originalausgabe
Jahr
2002
ISBN (eBook)
9783832459338
ISBN (Buch)
9783838659336
Dateigröße
740 KB
Sprache
Englisch
Katalognummer
v221384
Institution / Hochschule
Donau-Universität Krems - Universität für Weiterbildung – unbekannt
Note
Schlagworte
management fees private equity compensation carried interest

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Titel: Compensation models in Venture Capital Partnerships