Course Details

Private Equity

This course provides an examination of the legal and financial aspects of private equity transactions, a category of high-risk, high-reward investing. Forty years ago, private equity investing was a relatively small activity conduced almost exclusively in the United States. Today, private equity fund managers have multiple trillions of US dollars committed to making private equity investments around the world, including emerging country markets as well as developed countries. Topics covered in the class include a history and development of the industry, as viewed from the professor’s personal experiences, private equity investments in venture capital, growth equity and leveraged acquisitions, and legal documentation used in selling interests in private equity funds. The class will also examine other sophisticated financing transactions, including public and private senior and subordinated debt financings, off-balance sheet financings and initial public offerings. Additional topics may include shareholder and management agreements, negotiation strategies and techniques, and an insider’s look at the principal players involved in private equity investing activities. Relevant legal, tax, accounting, securities law and governmental regulatory issues will be examined, in each case from the perspective of the relevant participants in private equity activities, including fund managers, private equity fund investors, lawyers, accountants, investment bankers, and owners and managers of business enterprises. The intended audience for the course is the student who expects to be involved in sophisticated business transactions as a lawyer, whether the transactions are designated as private equity or not, but should also be meaningful for those who expect to participate in sophisticated business transactions as non-lawyers.

Catalog Number: BUSCOM 810-L


Course History

Summer 2016
Title: Private Equity
Faculty: Lutz, Karl E. (courses | profile)
Section: 1     Credits: 2.0
Capacity: 30     Actual: 8