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[α+β-Cen] Reports – The DaRC Room
https://thedarcroom.org/the-α-β-cen-reports
Developing a clearer picture on private equity valuation. Protected: [α β-Cen] Reports. This content is password protected. To view it please enter your password below:. Yale and the Wolf, a Venture Capital Performance Tale. Can I Teach Your Money the Duration Trick? No Robo No Cry. A Challenging Validation, “a contrario”. Don’t Throw the (Private Equity) Baby Out with the Bathwater. Segui il blog via email. Create a free website or blog at WordPress.com. Follow “The DaRC Room”. Send to Email Address.
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Why – The DaRC Room
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Developing a clearer picture on private equity valuation. One of my favourite quotations is Peter Drucker’s:. If you can’t measure it, you can’t manage it. The obsolete and inadequate dollar-weighted performance measures that are the current standards cannot cope with the evolving requirements of private capital industry stakeholders, that have become more sophisticated and increasingly require better dynamic allocation, liquidity and risk management solutions. The issues with IRR and cash-on-cash. Blog ...
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alpha – The DaRC Room
https://thedarcroom.org/tag/alpha
Developing a clearer picture on private equity valuation. Aim Well Before Shooting for the (Private Equity) Stars. May 22, 2015. May 26, 2015. If you are shooting for the stars it may be wise to look for some reference points to be sure you are aiming in the right direction. Careful navigators always check the Pointers to confirm they have correctly identified the Southern Cross before marking the route. Continue reading →. Duration adjusted Return on Capital. Private Capital Beta: Theory Reloaded. Build...
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The Neglected Weight of Time (in Private Equity History and Valuation) – The DaRC Room
https://thedarcroom.org/2015/05/06/the-neglected-weight-of-time-in-private-equity-history-and-valuation
Developing a clearer picture on private equity valuation. The Neglected Weight of Time (in Private Equity History and Valuation). May 6, 2015. May 6, 2015. There are instances, you would agree, when putting time in perspective can make a real difference. Think about the history of private equity when looking at the table below (source: Peter Lazaroff at Plancorp, LLC, updated from a previous version in the CFA Institute’s Enterprising Investor blog. The chart below, based on XTAL’s analytics. The analysi...
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Is Benchmarking IRRs against an IRR Benchmark an Apples for Apples Comparison? – The DaRC Room
https://thedarcroom.org/2014/08/22/is-benchmarking-irrs-against-an-irr-benchmark-an-apples-for-apples-comparison
Developing a clearer picture on private equity valuation. Is Benchmarking IRRs against an IRR Benchmark an Apples for Apples Comparison? August 22, 2014. August 22, 2014. This question, posed in a recent comment to my Fooled by IRRs. Post, deserves an answer in the form of a post. It has made me realize that the inaugural post of my blog, The Quartiles’ Oxymoron. Was not as self-explanatory as I thought it was. Because of the discretionarily chosen discount rate) benchmarking, NPV is the way to go. In ot...
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Duration – The DaRC Room
https://thedarcroom.org/category/financial-mathematics/duration
Developing a clearer picture on private equity valuation. Can I Teach Your Money the Duration Trick? May 17, 2016. May 17, 2016. Even the most sophisticated among us, when a magic trick is performed well, can’t resist its fascination. Let’s admit that. As small kids we thought there was some special power in the hands of the magician. Growing up, we all know that is an illusion, misdirectional cheating. But we keep asking HOW it’s done. Continue reading →. Duration adjusted Return on Capital. May 22, 2015.
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diversification – The DaRC Room
https://thedarcroom.org/tag/diversification
Developing a clearer picture on private equity valuation. Aim Well Before Shooting for the (Private Equity) Stars. May 22, 2015. May 26, 2015. If you are shooting for the stars it may be wise to look for some reference points to be sure you are aiming in the right direction. Careful navigators always check the Pointers to confirm they have correctly identified the Southern Cross before marking the route. Continue reading →. Duration adjusted Return on Capital. PE Duration Disambiguated (Smooth Capital).
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IRR – The DaRC Room
https://thedarcroom.org/tag/irr
Developing a clearer picture on private equity valuation. Yale and the Wolf, a Venture Capital Performance Tale. June 21, 2016. June 21, 2016. Every year, the press coverage about the release of the annual financial reports of one of the most prestigious investment offices in the world, often referred as the benchmark for long term investing, reminds me of a classical tale. And it’s not the first time I write about it. But reiteration deserves an. Continue reading →. Duration adjusted Return on Capital.
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Duration adjusted Return on Capital – The DaRC Room
https://thedarcroom.org/tag/duration-adjusted-return-on-capital
Developing a clearer picture on private equity valuation. Duration adjusted Return on Capital. Yale and the Wolf, a Venture Capital Performance Tale. June 21, 2016. June 21, 2016. Every year, the press coverage about the release of the annual financial reports of one of the most prestigious investment offices in the world, often referred as the benchmark for long term investing, reminds me of a classical tale. And it’s not the first time I write about it. But reiteration deserves an. May 17, 2016. Over t...
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Aim Well Before Shooting for the (Private Equity) Stars – The DaRC Room
https://thedarcroom.org/2015/05/22/aim-well-before-shooting-for-the-private-equity-stars
Developing a clearer picture on private equity valuation. Aim Well Before Shooting for the (Private Equity) Stars. May 22, 2015. May 26, 2015. If you are shooting for the stars it may be wise to look for some reference points to be sure you are aiming in the right direction. Careful navigators always check the Pointers to confirm they have correctly identified the Southern Cross before marking the route. Assuming 1.33x over-commitment, return is approx. 8%. I realize these figures sound less ...The reali...
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