What is this?
[Explain, include history of the asset class and how it's evolved] include things like barbarians at the gate, and history of VC
"Private Equity (PE) is a broad umbrella. Technically, the transfer of all ownership in non-public assets is 'PE.'" (Source). That includes buying big profitable companies, investing in high growth venture deals losing money, and buying small businesses.
A lot of micro private equity happens as a holding company rather than a fund. Some people make a distinction. This section is focused on investors who use capital, no matter the source, to buy a collection of small businesses.
How does the model differ from typical private equity? Expectations?
- Same financial parameters
- "What are they not doing that you could implement for quick wins?"
- Small businesses don't have systems and structure to take advantage of low-hanging fruit, they're too busy.
- "Systems thinking"
Closing a deal
- More relationship driven
- "Culture system" - write more about this
- Most PE firms don't care as much about the culture, they care about the transaction. "Value Transitions is focused on the cultural transition."
The Investing Vehicle
[Explain] (reference to fund structure part of wiki) Portfolio theory
Summary Learning: The Investment Memo
A Day In The Life
Cover specific skills to this asset class
Getting a Job
What People Are Saying
Investors To Know
Types of Firms
talk about specific firms to illustrate different types (find agglomerator article)
People to Follow
[Page of Twitter Suggestions]
[Recommended Links] Broad articles
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