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."
[Explain] (reference to fund structure part of wiki) Portfolio theory
A Day In The Life
Cover specific skills to this asset class
What People Are Saying
Types of Firms
talk about specific firms to illustrate different types (find agglomerator article)
People to Follow
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[Recommended Links] Broad articles
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