As private equity draws national attention in the 2012 presidential election campaigns of President Obama and Mitt Romney, a second edition of the book titled “Private Equity: History, Governance, and Operations” unveils the inner workings of venture capital, angel investors, hedge funds, and private equity investments.
“The role of private equity general partners, limited partners, placement agents, and investor gatekeepers are all detailed in the new second edition of this authoritative handbook,” said Harry Cendrowski, lead author and Founding Member of Cendrowski Corporate Advisors (cca-advisors.com). “Readers will also learn about standard private equity pricing practices in regard to management fees, minimum investments, capital contributions, and carried interest.”
“You know it’s an excellent book when a second edition is being published,” said Maribeth S. Rabe, President and Chief Executive Officer, Fort Washington Fund Advisors. “The new chapter addressing intellectual property … is a great addition, as it is a critical topic. While this book is obviously an excellent guide for any investor new to the private equity asset class, it also serves as an excellent reference guide for the savviest of investors.”
Private equity, generally considered to be an equity investment in an operating company that is not publicly traded on a stock exchange, is coming under increased scrutiny as a result of the Dodd–Frank Wall Street Reform and Consumer Protection Act. Students, private equity professionals, and investors alike will gain a better understanding of the role of private equity from fundraising through the divestiture of portfolio companies by reading this book.
Business professionals, including attorneys and accountants, will find chapters on corporate governance, due diligence, internal controls, financial reporting, and the legal aspects of a private equity harvest transaction to be particularly informative.
Written in an easy-to-read, engaging style, the book is also suitable for advanced, graduate-level classroom use. Purchase of the text includes access to a website of teaching materials for instructional purposes.
About the Book
Private Equity: History, Governance, and Operations, Second edition
By Harry Cendrowski, Louis W. Petro, James P. Martin, and Adam A. Wadecki
Hardcover, 357 pages
Order online at wiley.com/.
Editors: A book review copy is available on request.
About the Cendrowski Companies
Cendrowski Corporate Advisors (cca-advisors.com) is a full-service financial consulting and litigation support firm with offices in Chicago, IL and Bloomfield Hills, MI. The firm provides highly personal services to clients in the legal, private equity, banking, corporate, and non-profit industries. Since 1983, CCA and its affiliates have worked hand in hand with attorneys and litigation support personnel to provide forensic accounting, business valuation, and dispute advisory services. CCA also provides risk assessment, back office administration, and background and asset investigation services.
Founding member Harry Cendrowski, CPA, ABV, CFF, CFE, CVA, CFD, CFFA, is the lead author of “Enterprise Risk Management and COSO: A Guide for Directors, Executives, and Practitioners” (Wiley 2009),“Private Equity: History, Governance, and Operations” (Wiley, 2008), and “The Handbook of Fraud Deterrence” (Wiley, 2006). Affiliated companies include the tax and accounting firm of Cendrowski Selecky PC (cendsel.com) and the independent, multi-client family office firm of Prosperitas Group (prosperitasgroup.com).
For Cendrowski Corporate Advisors
Margaret Grisdela, Legal Expert Connections, Inc.
P: 1-866-417-7025 - E: mg[.]legalexpertconnections.com.