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Private Equity Demystified

ICAEW’s publication on private equity’s role in global business investment and growth

Private equity is risk capital provided outside the public capital markets. It is a form of investment in businesses of all sizes and at all stages of growth and development. Private equity has an increasingly international focus.

ICAEW's publication Private Equity Demystified is an objective explanatory guide, currently in its 3rd edition. Its authors, John Gilligan and Professor Mike Wright, blend practitioner experience with findings from academic research studies from around the world. Its principal purpose is to inform. It is referred to by policymakers, regulators, investors, advisers and businesses and is on the reading lists of top business schools.

The third edition draws on 203 research papers, studies and books about trends through three decades. It highlights the extraordinary rise of private equity as a form of investment in businesses of all sizes and at all stages of their growth and development.

The publication was co-ordinated by the ICAEW's Corporate Finance Faculty and the technical editor was Katerina Joannou, Capital Markets expert at ICAEW.


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