Private Equity (ECON6024)
UNIT OF STUDY
As a source of private equity, venture capital (VC) plays a crucial role in the development of new business ventures and the promotion of innovation. Over the last twenty years, the VC industry has boomed. This course investigates how VC firms operate, analysing the key strategic issues they face during the fundraising, investing and exit stages of the VC cycle. Topics covered include: the determinants and types of VC fundraising, the organisational structure of VC firms and how venture capitalists are compensated. Next, the VC firm's investment decision is examined, as is its relationship with the investee company. The role of VC in the broader economy is also discussed. Regarding the exit stage of the VC cycle, the design of exit strategies (e.g. initial public offerings) is analysed. Finally, we introduce some of the ethical issues which venture capitalists face.
Our courses that offer this unit of study
Further unit of study information
Take-home assignments equivalent to 1000wds 20%), 1x1.5hr Mid-semester test (30%), 1x2hr Final exam (50%),
Faculty/department permission required?
Unit of study rules
ECON6001 or ECOF6080
Study this unit outside a degree
If you wish to undertake one or more units of study (subjects) for your own interest but not towards a degree, you may enrol in single units as a non-award student.
If you are from another Australian tertiary institution you may be permitted to underake cross-institutional study in one or more units of study at the University of Sydney.