Details
| Title | Patient capital: the challenges and promises of long-term investing. |
|---|---|
| Creators | Ivashina Victoria. ; Lerner Joshua. |
| Imprint | Princeton: Princeton University Press, 2019 |
| Collection | Электронные книги зарубежных издательств ; Общая коллекция |
| Subjects | Investments. ; Portfolio management. ; BUSINESS & ECONOMICS / Finance. ; BUSINESS & ECONOMICS / Investments & Securities / General ; EBSCO eBooks |
| Document type | Other |
| File type | |
| Language | English |
| Rights | Доступ по паролю из сети Интернет (чтение, печать, копирование) |
| Record key | on1091847091 |
| Record create date | 4/6/2019 |
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- Cover
- Contents
- Preface: Private Capital 101
- Acknowledgments
- 1. The Need for Investing Long-Term
- What Is Long-Term Investing and Why Is It Needed?
- The Challenges of Long-Term Investing
- Road Map for the Book
- Final Thoughts
- 2. The Most Important People in the Room
- Endowments and the Centrality of Equity
- Families and the Embrace of Illiquid Funds
- Scaling Up and the Focus on Funds
- Back to the Future
- Final Thoughts
- 3. The Long-Term Conundrum
- Appearance versus Reality
- The Great Gazelle Hunt
- Final Thoughts
- 4. Investing as If the Long Term Mattered
- Governance
- Measurement
- Incentives
- Communication
- Final Thoughts
- 5. The Genesis of Private Capital
- The Pioneer of the Professional Long-Term Investment
- Creating the Fund Model
- The Broadening of Private Capital
- Premature Expansion
- The Scaling of Private Capital
- Final Thoughts
- 6. The Fund Manager’s Challenge
- The Design of Incentives
- The Impact of Growth
- Passing the Baton
- Recent Initiatives: Is the Cure Worse Than the Disease?
- Final Thoughts
- 7. Revisiting the Private Capital Partnership
- A Benchmark and an Upstart
- Building Flexibility
- Governance
- Measuring Performance
- Structuring Rewards
- Final Thoughts
- 8. The Best (or Worst) of Both Worlds
- Why Go Direct?
- What Are the Challenges?
- Best Practices
- 9. The Future of Long-Term Investing
- A Healthy Private Capital Industry
- Déjà Vu All Over Again
- The Limited Partners’ Desertion
- A Broken Industry
- Getting to the Upper Left Scenario
- Wrapping Up
- Notes
- Index
