harvard business school executive education private equity and venture capital

Foundations of Private Equity and Venture Capital

Raise capital successfully for a new venture or first-time fund by being more effective across the structuring and fundraising process.

Associated Schools

Harvard Business School

What you'll learn.

Understand industry models—from venture capital to growth equity to buyouts

Broaden your knowledge of industry processes and terminology

Assess the implications of different deal structures and terms

Establish a successful private equity/venture capital partnership structure

Course description

Raising private capital can be a daunting process, especially for new entrants in the sector. Foundations of Private Equity and Venture Capital delves into the fundamental challenges and best practices for successfully raising a new fund or venture. You will explore the full range of industry models, from venture capital to growth equity to buyouts, as well as the key issues related to investment criteria, management strategies, and decision-making processes.

Providing deep insight into the landscape, players, and trends in private equity and venture capital, this new program boosts your investment expertise at every stage of the deal structuring and fundraising process. You will return to your company with the skills, strategies, and confidence to target the right investors, find the best deals, and raise the capital for your first-time fund.

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Venture Capital & Private Equity

A great  starting place  for research on the venture capital and private equity industry.  This guide points to the best resources available to the HBS community.

Be sure to check out the slides from a recent library presentation, Researching Private Equity.  

VCPE in the News

Overviews and analysis.

Annual report on the state of the global private equity market.

Bain & Co. Global Private Equity Report

Annual Global Private Equity Watch and Global IPO Trends reports.

Ernst & Young Private Equity

Industry research reports for select US states, UK, Australia, Canada, and China.

Go To Database

Reports include Venture Capital & Principal Trading in the US and Private Equity, Hedge Funds & Investment Vehicles in the US

Research and analytics produced by the Global Private Capital Association representing private capital investors across global regions.

Global Private Capital Association

Frequent topical reports on the state of PE around the world.

McKinsey & Co. Private Equity Insights

Ref. HG64 .P73 in the Stamps Reading Room. The introductory chapters provide a useful overview of the VC industry. The international directory includes locations, list of project preferences, type of financing, minimum investment, preferred investment, and contact person.

Pratt's Guide to Private Equity Sources

Check harvard availability.

Industry data, deals analysis, and trends research. 

PwC Private Equity Insights

See also  books on Private Equity  and Venture Capital .

Companies, Investors, Tools, and Transactions

Data on public and private companies, investment firms, capital transactions, and people.  Includes S&P RatingsDirect. 

Need a Capital IQ overview?  Check out our multimedia learning module, Learn with Baker Library - Capital IQ Introduction. 

Tracks global venture capital, angel investment, private equity, M&A, and IPO activity related to private companies. 

CB Insights

Search, track, and monitor private and portfolio company data, people and investors.

Valuation model automation and collaboration platform for building leveraged buyout and discounted cash flows models and more.

 Information on companies, deals, funds, investors and service providers across the private investment lifecycle.

Provides access to information on private equity and venture capital companies, funds, and deals.

Features market quotes, earnings estimates, financial fundamentals, press releases, transaction data, corporate filings, ownership profiles and sell-side equity research. 

Refinitiv Workspace

Need a Refinitiv Workspace overview?  Check out our multimedia learning module,  Learn with Baker Library  - Refinitiv Introduction.

News and Journals

Business and market analysis from Businessweek and Bloomberg News.

Bloomberg.com

Financial Times is a London-based international business daily covering business, political, and world affairs news.

Financial Times

News on mergers and acquisitions, investment banking, private equity, venture capital, IPOs, and hedge funds. Email notification is available.

New York Times DealBook

In-depth news articles about the technology industry.

Information (The Information)

Includes VC investment and portfolio company news. 

Daily newsletter and reports on the people, the deals, the funds and the financial trends of the industry in the US, Europe and Asia.

Private Equity International

Global information on private real estate investments and deals. 

Private Equity Real Estate

Harvard University students, faculty, and staff can activate a free digital subscription to WSJ.com.

Wall Street Journal

Careers, associations and events.

Current trends in design and levels of compensation in the private equity and venture capital industry.

Holt-MM&K-Buyouts Insider PE/VC Compensation Report

Includes searchable directory of member companies by business type, company name, and location. Also includes listing of other venture capital associations in the region.

Invest Europe

Compensation guide detailing employment practices and compensation packages for 106 private equity firms by position.  Also available digitally via Preqin reports . 

Preqin Private Capital Compensation and Employment Review

A trade association for lower middle market private equity funds and investors. Includes forums, legislation, regulation, legal issues, and resources the small business investment company industry.

Small Business Investor Alliance (SBIA)

See also   What resources can I use for networking?

Associations

National Venture Capital Association provides list of venture capital resources, news and statistics.

National Venture Capital Association (NVCA)

HBS Venture Capital & Principal Investment Club Find out about what skills, knowledge, and experience you need to work in venture capital.

Venture Capital & Private Equity Club

See also   Where can I find associations for an industry or profession?

Programs offered throughout the world on various aspects of private equity from the National Venture Capital Association.

NVCA Events

See also  How can I find conferences or trade shows for a given industry?

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VC Pathways Program

HBS VC Pathways - Breaking into Venture Capital

Think you want to become a VC, but not sure what the job really entails or how to break into the industry? VC is an apprenticeship and a never-ending learning journey, but HBS VC Pathways is a new program designed for RCs to understand upfront whether this journey is a fit for them and start preparing for summer internship recruiting process in VC.

Session 1: Is VC for Me? If so, which VC fund

• Topics covered:
• What do you think it takes to be a great VC - particularly in today’s competitive landscape?
• What criteria did you consider when deciding what kind of fund to join (or start)?
• What do you look for when recruiting investors to join your fund?
• What was your own personal journey into VC ?
• Why did you pursue VC?
• What did it take for you to learn “the VC job” and what would you recommend to learn the “basic ropes” of VC? (Or is there even such a thing, as people often refer to it as an apprenticeship?)
• What would you recommend as a path for others interested to pursue VC?
• Considerations, qualifications, expectations?
• Would you recommend VC student scout opportunities for example?
• What’s your favorite part and least favorite part about the VC job?

Session 2: Building an Investment Thesis

• Tell me about your thesis
• Why did you decide to focus on XYZ domain?
• How did you go about building your thesis?
• How does your thesis give you an advantage in sourcing and selecting investment opportunities?
• What advice might you share on how to select an area of focus for a new investor?

Session 3: Sourcing and Selecting Investment Opportunities

• How do you think about sourcing and selecting?
• Tell me about your best deal. How did you source that opportunity? What led you to pursue & select the opportunity?
• What are the typical deal sources for VC funds vs your fund? What are the pros and cons for different sourcing approaches?
• What is your personal sourcing strategy? What criteria are most important for your due diligence process?
• What tips can you share for me as I start sourcing & selecting opportunities for the first time?
• How do you build a sustainable advantage in sourcing and consistently selecting the best opportunities?

Mergers and Acquisitions: Structuring and Leading Deals

PROGRAM DATES: May 13-17, 2024

PROGRAM FEE: $15,750

Mergers and Acquisitions: Structuring and Leading Deals is an immersive program designed to provide participants with an overview of the M&A process through multiple lenses.

Mergers and Acquisitions: Structuring and Leading Deals provides participants with an overview of the M&A process through multiple lenses including strategic, financial, legal, and operational. The program is designed to provide participants with in-depth analysis of the components of mergers and acquisitions. Participants will explore:

• How M&A can be a core component of firm strategy
• How targets and synergies are valued
• How M&A transactions are sourced, initiated, and priced
• How deals are structured and designed
• What kinds of disputes and potential lawsuits arise over the course of an M&A transaction
• How targets are integrated after the deal is formally complete

Mergers and Acquisitions: Structuring and Leading Deals is aimed at those with responsibility for managing, overseeing, and implementing M&A transactions. The focus will be transactions in major markets such as the U.S. and the U.K., but the course will also cover aspects of cross-border mergers and acquisitions. Participants do not need to have a background in mergers and acquisitions and the course will add value to those with previous mergers and acquisitions experience.

About the Mergers and Acquisitions program

The program aims to prepare you to:

• Identify key stages of a deal, critical decisions in each stage, and the major legal and other constraints on those decisions.
• Create strategies to mitigate risks and leverage opportunities to successfully navigate each stage of deal.
• Identify the motives for and parameters of a range of deal types, including large and small, domestic and cross-border, public and private target, friendly and hostile, whole company and partial acquisitions.
• Understand the M&A process from different perspectives including strategy, finance, negotiations, law, tax, and operations to better steer your organization (and/or clients) through future deals.

The Learning Model

Case studies, lectures, classroom discussions, and small group discussions ensure that techniques and strategies are memorable and implementable. Case studies on law firms and other professional service firms give participants exposure to real-world issues and help them work through possible approaches and solutions to the problems that professional service firm leaders confront. Participants practice making decisions about challenging real-life management problems in professional service settings.

This program will explore the following concepts through the lens of M&A:

• Strategy – When to do a deal and how to assess if a deal is good
• Courtship – Who to partner with and what elements to include in NDAs, Letters of Intent, and other contracts
• Finance – Identifying the financial implications of a deal
• Legal Negotiation – Having discussions centered around structure, tax, anti-trust, and regulation
• Negotiation – Executing and completing the deal
• Integration – How to work between the two entities once the deal is complete

Unlike most other M&A executive education programs, this program will provide a comprehensive look at the process including both the business and legal aspects of mergers and acquisitions. Participants in this program should be positioned within their organization to advise on or oversee M&A deals. In particular, individuals who are new to that role, taking on greater responsibility, or who need a more well-rounded understanding of M&A and its effects on their organization or client, will benefit from this program. Applicants to the program are not required to have a J.D., LL.B., or equivalent.

Past participants for this program have included:

• In-house lawyers and others who oversee M&A transactions for large companies and private equity firms
• Lawyers in investment banks, accounting firms, and consulting firms who need to understand the M&A process as part of the services they provide.
• Partners at law firms that handle aspects of M&A and wish to obtain more complete view of other aspects of M&A transactions.
• Mid-senior level business professionals who must understand the M&A process for their work in fields such as private equity, venture capital, investment banking, consulting, accounting, and tax planning.
• Business leaders who advise/decide on the acquisition of other businesses within their company.

This program is open to participants from around the world. Participants do not need to have a background in mergers and acquisitions and the course will add value to those with previous mergers and acquisitions experience.

Visit the  Admissions page  for information on the process.

Our core faculty are members of the Harvard Law School faculty – distinguished academicians, educators, researchers, authors, and practitioners in their respective fields. Representing various disciplines, they are close to practice through relationships with law firm leaders and through personal involvement as consultants for top firms around the world.

Teaching Team

John Coates IV, Harvard Law School – Faculty Chair

Elisabeth de Fontenay, Duke University School of Law

Bala Dharan, Harvard Law School

Benjamin C. Esty, Harvard Business School

Scott Mayfield, Harvard Business School

Chancellor Kathaleen St. J. McCormick, Delaware Courts

Hillary Sale, Georgetown Law

You may also be interested in:

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Venture Capital and Private Equity: Module II

By: Josh Lerner, G. Felda Hardymon

Provides an overview of a module that focuses on the interaction between private equity investors and the firms they finance.

• Length: 5 page(s)
• Publication Date: Oct 21, 1996
• Discipline: Finance
• Product #: 297041-PDF-ENG

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Moscow Oblast, Russia

The capital city of Moskovskaya oblast: Moscow .

Moscow Oblast - Overview

Moscow Oblast is a federal subject of Russia located in the Central Federal District. Moscow, the capital city of the country, is the administrative center of Moscow Oblast. At the same time, Moscow is not part of this region, it is a separate federal subject of Russia, a city of federal importance.

The population of Moscow Oblast is about 7,769,000 (2022), the area - 44,379 sq. km.

Moskovskaya oblast flag

Moskovskaya oblast coat of arms.

Moskovskaya oblast map, Russia

Moskovskaya oblast latest news and posts from our blog:.

23 June, 2022 / Natural Spring Gremyachiy Klyuch in Moscow Oblast .

23 March, 2022 / Main Cathedral of the Russian Armed Forces .

31 January, 2022 / Vasilyevsky (Shcherbatovsky) Castle in Moscow Oblast .

1 August, 2021 / Savvino-Storozhevsky Monastery near Moscow .

4 August, 2020 / Sights of Moscow Oblast - the heart of Russia .

More posts..

History of Moscow Oblast

The territory of the Moscow region was inhabited more than 20 thousand years ago. In the first millennium AD, this land was inhabited mostly by the Finno-Ugric peoples (Meryane and Meshchera). In the 9th-10th centuries, the Slavs began active development of the region. The population was engaged in hunting, fisheries, agriculture, and cattle breeding.

In the middle of the 12th century, the territory of the present Moscow region became part of the Vladimir-Suzdal principality, the first towns were founded (Volokolamsk in 1135, Moscow in 1147, Zvenigorod in 1152, Dmitrov in 1154). In the first half of the 13th century, the Vladimir-Suzdal principality was conquered by the Mongols.

In the 14th-16th centuries, Moscow principality became the center of unification of Russian lands. The history of the Moscow region is inextricably linked to military events of the Time of Troubles - the siege of the Trinity-Sergius Monastery by the troops of False Dmitry II, the first and second militias.

More historical facts…

In 1708, by decree of Peter the Great, Moskovskaya gubernia (province) was established. It included most of the territory of present Moscow oblast. In 1712, St. Petersburg became the capital of the Russian Empire and the significance of the Moscow region as the country’s economic center began to decrease.

In 1812, the Battle of Borodino took place near Moscow. It was the biggest battle of the Russian-French War of 1812. In the second half of the 19th century, especially after the peasant reform of 1861, the Moscow province experienced economic growth. In 1851, the first railway connected Moscow and St. Petersburg; in 1862 - Nizhny Novgorod.

The population of the Moscow region increased significantly (in 1847 - 1.13 million people, in 1905 - 2.65 million). On the eve of the First World War, Moscow was a city with a population of more than one million people.

In November, 1917, the Soviet power was established in the region. In 1918, the country’s capital was moved from St. Petersburg to Moscow that contributed to economic recovery of the province. In the 1920s-1930s, a lot of churches located near Moscow were closed, a large number of cultural monuments were destroyed. On January 14, 1929, Moscow Oblast was formed.

In 1941-1942, one of the most important battles of the Second World War took place on the territory of the region - the Battle for Moscow. In the postwar years, the growth of economic potential of the region continued; several science cities were founded (Dubna, Troitsk, Pushchino, Chernogolovka).

In the 1990s, the economy of Moscow Oblast experienced a deep crisis. Since the 1990s, due to the motorization of the population and commuting, road traffic situation in the Moscow region significantly deteriorated. Traffic jams have become commonplace.

Pictures of Moscow Oblast

Moscow Oblast scenery

Author: Mikhail Grizly

At the airport in the Moscow region

Author: Evgeny Davydov

Nature of Moscow Oblast

Author: Alexander Khmelkov

Moscow Oblast - Features

Moscow Oblast is located in the central part of the East European Plain, in the basin of the rivers of Volga, Oka, Klyazma, Moskva. The region stretches from north to south for 310 km, from west to east - 340 km. It was named after the city of Moscow, which however is not part of the region. Part of the administrative authorities of the region is located in Krasnogorsk.

On the territory of the Moscow region, there are 77 cities and towns, 19 of them have a population of more than 100 thousand people. The largest cities are Balashikha (518,300), Podolsk (309,600), Mytishchi (262,700), Khimky (256,300), Korolyov (225,300), Lubertsy (209,600), Krasnogorsk (174,900), Elektrostal (149,000), Odintsovo (138,900), Kolomna (136,800), Domodedovo (136,100).

The climate is temperate continental. Summers are warm, winters are moderately cold. The average temperature in January is minus 10 degrees Celsius, in July - plus 19 degrees Celsius.

One of the most important features of the local economy is its proximity to Moscow. Some of the cities (Odintsovo, Krasnogorsk, Mytishchi) have become in fact the “sleeping districts” of Moscow. The region is in second place in terms of industrial production among the regions of Russia (after Moscow).

The leading industries are food processing, engineering, chemical, metallurgy, construction. Moscow oblast has one of the largest in Russia scientific and technological complexes. Handicrafts are well developed (Gzhel ceramics, Zhostov trays, Fedoskino lacquered miniatures, toy-making).

Moscow railway hub is the largest in Russia (11 radial directions, 2,700 km of railways, the density of railways is the highest in Russia). There are two large international airports - Sheremetyevo and Domodedovo. Vnukovo airport is used for the flights within the country.

Attractions of Moscow Oblast

Moscow Oblast has more than 6,400 objects of cultural heritage:

• famous estate complexes,
• ancient towns with architectural monuments (Vereya, Volokolamsk, Dmitrov, Zaraysk, Zvenigorod, Istra, Kolomna, Sergiev Posad, Serpukhov),
• churches and monasteries-museums (the Trinity Lavra of St. Sergius, Joseph-Volokolamsk monastery, Pokrovsky Khotkov monastery, Savvino Storozhevsky monastery, Nikolo Ugresha monastery).

The most famous estate complexes:

• Arkhangelskoye - a large museum with a rich collection of Western European and Russian art of the 17th-19th centuries,
• Abramtsevo - a literary and artistic center,
• Melikhovo - an estate owned by A.P. Chekhov at the end of the 19th century,
• Zakharovo and Bolshiye Vyazyomy included in the History and Literature Museum-Reserve of Alexander Pushkin,
• House-Museum of the composer P.I. Tchaikovsky in Klin,
• Muranovo that belonged to the poet F.I. Tyutchev,
• Shakhmatovo - the estate of the poet Alexander Blok.

The architectural ensemble of the Trinity Sergius Lavra is a UNESCO World Heritage Site. The largest museum of the Moscow region is located in Serpukhov - Serpukhov Historical and Art Museum.

The places of traditional arts and crafts are the basis of the souvenir industry of Russia:

• Fedoskino - lacquer miniature painting,
• Bogorodskoe - traditional manufacture of wooden toys,
• Gzhel - unique tradition of creating ceramics,
• Zhostovo - painted metal crafts,
• Pavlovsky Posad - fabrics with traditional printed pattern.

Some of these settlements have museums dedicated to traditional crafts (for example, a toy museum in Bogorodskoe), as well as centers of learning arts and crafts.

Moskovskaya oblast of Russia photos

Landscapes of moscow oblast.

Nature of the Moscow region

Country road in the Moscow region

Moscow Oblast landscape

Author: Mikhail Kurtsev

Moscow Oblast views

Author: Asedach Alexander

Country life in Moscow Oblast

Author: Andrey Zakharov

Church in Moscow Oblast

Author: Groshev Dmitrii

Churches of Moscow Oblast

Church in the Moscow region

Cathedral in Moscow Oblast

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