Index

Abu Dhabi Investment Authority (ADIA)

academic institutions, investor base statistics

accelerated contributions

accounting requirements

acquisitions

ad hoc adjustments, mean/variance approaches

adaptive market hypothesis (AMH)

adjusted current ratio (ACR)

Adveq fund performance assessments

adverse selection

advisory boards, limited partnerships

AFPs

agendas, risk management

aggregated returns

AIG

Almeida

alphas

AlpInvest Partners

alternative assets

see also hedge funds; illiquid…; private equity funds; real assets

Alternative Investment Fund Manager Directive (AIFMD)

annualizing terminal returns backwards

Apple, dividends

‘appropriate consideration’ requirements of ERISA

arbitrage

ARD VC firm

Argentina

Arrow, Kenneth

Asia

asset allocations

asset classes

asset managers

asset protection needs, historical background

asset-backed securities (ABSs)

asset–liability management (ALM)

assets under management (AuM)

Astrea

asymmetric information

ATP

auctions, secondary markets

auditors

Australia, statistics

autocorrelations

available resources (AR)

‘back loading’ decelerated contributions

back-testing

balance of payments crises

bankruptcies

banks

Basel Committee on Banking Supervision

Basel II

Basel III

Bayesian approach

benchmarking processes

beta risk

biases

bid spreads

bid–ask spreads

Black, Fisher

Black–Litterman approach

Blackstone Group

blending of cash flow models

‘blind pool’ investments

BNP

boards of directors

bonds

bottom-up models

‘bow factors’

Brazil

built-in tensions, risk management

Burgiss

business ‘angels’

business models

business plans

buy-and-build strategies

buyers, secondary markets

buyouts

see also leveraged…

California Public Employees’ Retirement System (CalPERS)

California State Teachers’ Retirement System (CalSTRS)

call options

Cambridge Associates

Campbell Lutyens

Canada

Canadian Pension Plan Investment Board

capita market line

capital adequacy requirements

Capital Asset Pricing Model (CAPM)

capital calls

Capital IQ

capital risk

‘CAPM in reverse’ approach

Carlyle Group

carried interest holders

‘cash drag’

cash flow adjustments (CFAs)

cash flow libraries

cash flow modelling

definition

cash management/forecasting

cash-flow-at-risk (CFaR)

catch-up provisions

Center of Private Equity Research (CEPRES)

central banks

chained modified Dietz formula

Chile

China

China Investment Corporation (CIC)

classification schemes

clawback clauses

closed-end funds

cluster analysis

co-investments

Cogent Partners

Colbert’s Ordinance on Commerce of 1673

collateral

collateralized debt obligations (CDOs)

collateralized fund obligations (CFOs)

Coller Capital

commitment risk

commitments

committed capital (CC)

commodities

see also farmland…; forestry…; natural resources…; oil and gas…

company-level data, alpha/beta estimates

comparable fund similarities, fund ratings/gradings

compliance officers

compound interest, hurdle rates

confidence intervals, VaR

confidentiality needs, IT systems

conflicts of interest

consistency requirements

continuous-time cash flow models

contributions see capital calls

control issues, limited partnerships

convertible bonds

convexity

copyrights real assets

corporate bonds

corporate governance

correlations

costs of capital

counterparty risk

coupons, bonds

Court of Chancery

creative accounting

credit cards

credit defaults, definition

credit lines

credit rating agencies

credit ratings

credit risk

crisis-related responses

currency overlay strategies

currency swaps

current ratio (CR)

cycles, illiquid assets

cyclical illiquidity concepts

data-driven projections (bootstrapping)

databases

de Finetti, Bruno

‘de-smoothing’ returns

deal-by-deal basis

deal-level data, alpha/beta estimates

debt markets

debt-to-equity ratios

decelerated contributions, cash flow modelling

default risk

defaulting options, limited partners (LPs)

defined benefit pension plans (DBs)

defined contribution pension plans (DCs)

Delaware Limited Partnerships

‘democratic’ approaches to risk management

Denmark

denominator effect

derivatives

see also exchange-traded funds; forwards; futures; options; swaps

Derman, Emanuel

design considerations, risk management policy

Deutsche Bank

development considerations, risk management policy

Dietz formula

direct investments

discounted cash flows (DCFs)

discounts

distressed investment funds

distribution provisions

distribution waterfalls

distributions

diversification

divestments

dividends

documentation

Dodd–Frank Act

downside risks, upside risks

Draper, Gaither and Anderson (later Draper Fisher Jurvetson) VC firm

due diligence

duration

dynamic risk

EBITDA

economic infrastructure, definition

efficient frontiers

efficient market hypothesis

efficient portfolios

emerging economies

Employee Retirement Income Security Act (ERISA) 1979

endowment effect (status quo bias), definition

endowments

energy real assets

environmental, social and governance issues (ESGs)

equities

equity risk, private equity funds

ERISA see Employee Retirement Income Security Act

ESMA see European Securities and Markets Authority

estimated probabilities

EURIBOR

Europe

European Capital Adequacy Directive IV

European Insurance and Occupational Pensions Authority (EIOPA)

European Securities and Markets Authority (ESMA)

European Venture Capital and Private Equity Association (EVCA)

evergreen funds

evolutionary forces

Ewan Marion Kauffman Foundation

ex-ante lock-in investment periods, definition

ex-post periods

excess returns

exchange-traded funds (ETFs)

exit strategies

expected lifetime projections

expected performance grades

expertise

external agencies, fund ratings/gradings

external consistency requirements, cash flow modelling

extreme events

extreme value theory (EVT)

failures

fair values

Fama–French CAPM extension model

Fama–French small cap index

family offices

farmland real assets

fees

Feri’s investment ratings

FHP-Rating

fiduciaries, prudent investing

fiduciary ratings of firms

financial innovations

financial intermediaries

financial measures, excess returns

Financial Services Authority (FSA)

First Alabama Bank of Montgomery v. Martin

Fitch

fitness rankings

floating rate notes (FRNs)

‘floor’ waterfall arrangements

forecasts, definition

foreign exchange reserves

foreign exchange risk exposures

forestry real assets

forwards

foundations

Franzoni et al (2012) CAPM extension model

Freedom of Information Act (FOIA)

‘front loading’ accelerated contributions

fund managers

definition

fund ranking concepts

fund ratings/gradings

fund scoring concepts

fund-level data, alpha/beta estimates

funding risk

funding tests

fundraising

funds-of-funds

futures

game theory

general partners (GPs)

German sovereign debt

Ghilarducci, Teresa

global aspects of alternative investing

global financial crisis from 2007

‘go naked’ strategies

‘goal keeper’ roles, risk management

Goldman Sachs

governance

government agencies

government bonds

Government of Singapore Investment Corporation (GIC)

granular asset class buckets

Greece

growth capital funds

gut feelings

Harbourvest Partners

hard hurdles

Harvard Management Company (HMC)

HEC-Dow Jones Private Equity Fitness Ranking

HEC-Dow Jones Private Equity Performance Ranking

hedge funds

hedging

herding behaviours

‘hierarchic’ approaches to risk management

high-yield (junk) bonds

Hoek’s model

‘home runs’

hunches

hurdle rates

idiosyncratic risk

illiquid assets

see also alternative…; private equity funds; real assets

as an asset class

definition

types

illiquidity factors, limited partnerships

ILPA Private Equity Principles

implied correlations

‘imprudent’ investments

industrial companies, CFaR

inflation

information asymmetries

information provisions, unquoted portfolio companies

informed judgments

infrastructure real assets

institutional investors

see also endowments; foundations; insurance companies; pension funds

insurance companies

interest payments, limited partnerships

interest rate risk

interest rates

interim IRRs (IIRRs)

internal age

internal assessment approaches, fund ratings/gradings

internal consistency requirements, cash flow modelling

internal fund grading systems

internal risk management systems

International Monetary Fund (IMF)

International Swaps and Derivatives Association (ISDA)

Internet platforms

intuition

invested capital-at-risk (iCaR)

investment consultants, prudent investing

investment methods

investment strategies

investment trusts

investor base

see also banks; family offices; institutional investors; limited partners; sovereign wealth funds

IPOs

Ireland

IRRs

ISO/IEC 15504 (SPICE)

IT systems, risk management

Italy, statistics

J-curves

Japan

JP Morgan Government Bond Index

judgment

junior notes, securitizations

‘just-in-time’ commitments

Keynes, John Maynard

KKR GP

Knight, F.H.

Kocis et al

Kohlberg Kravis Roberts

Kuwait Investment Authority (KIA)

Latin America

legal issues, limited partnerships

legal operational risk

Lehman Brothers

‘lemons problem’, secondary markets

leverage issues

leveraged buyouts (LBOs)

Lexington Partners GP

liability-driven investing (LDI)

LIBOR

libraries

life insurance

lifespans, limited partnerships

lifetime projections

limited partners (LPs)

Limited Partnership Act 1907

limited partnership agreements (LPAs)

limited partnerships

critique

definition

relationships between parties

self-liquidating aspects

statistics

structures

Lipper ratings

liquidation benefits

liquidity concepts

liquidity ratios, funding tests

liquidity risk

liquidity-motivated sellers, secondary markets

listed private equity

listed vehicles

loan treatments, undrawn commitments

look-through requirements by auditors/regulators

loss analysis, secondary markets

loss aversion, definition

loss given default (LGD)

LPX 50 index

Luxembourg

McKinsey Global Institute

Malthus, Thomas

management fees

management styles

margin calls

mark-to-market valuations

market liquidity risk

market risk

market size

maximum likelihood projections

mean/variance approaches

meetings

MENA, statistics

Merton’s intertemporal CAPM

Mexico

mezzanine funds

MidOcean Partners

model risk

model-driven projections

models

definitions

modern portfolio theory (MPT)

modified Dietz formula

monetary policies, Europe

money markets

‘money-chasing-deals’ phenomenon

monitoring controls

Monte Carlo simulations

Morningstar ratings

mortgages

MSCI EM index

multiple-based carried interest calculations

mutual funds

Myners Report (2001)

Napoleonic Code of 1807

NASDAQ

natural resources real assets

negative yields, US Treasury bonds

net asset values (NAVs)

net paid-in capital

net present values (NPVs)

New Zealand

non-financial risks

non-probabilistic cash flow models

Norges Bank Investment Management

Norway

objectivity concepts

OECD Guidelines on Pension Fund Asset Management

off-balance sheet items, undrawn commitments

oil and gas real assets

OMERS PE

Ontario Municipal Employees Retirement System

Ontario Teachers’ Pension Plan

operational measures

operational risk

operational status grades, fund ratings/gradings

opportunity costs

optimal portfolio allocations

options

organizational structures

out-of-the-money options

outstanding commitment level (OCL)

overcommitment ratios (OCRs)

overcommitment reserve (OR)

overcommitments

overcommitted capital (OCC)

overdistributions to GPs, deal-by-deal problems

paid-in capital (PIC), non-probabilistic cash flow models

parameters, cash flow modelling

Partners Group GP

Pastor–Stambaugh CAPM extension model

Paul Capital Partners

payment waterfalls, securitizations

Pearl

peer groups, fund ratings/gradings

pension funds

perceptions of risk

performance issues

performance risk, fund ratings/gradings

permissible markets, risk management policy

Pevera

Pine Street

‘placebo effect’, risk management

‘plausibility story’ rewards, banks

portfolio risk

portfolio theory

portfolios

‘Pragma-Report’

predictions, definition

preferred returns

Preqin

PREVI pension fund, Brazil

prices

primary infrastructure investments, definition

primary markets, secondary markets

Prime Edge

Princess

principal/agent problems

principles-based approaches to risk management

‘principles-cum-rules’ systems

private equity funds

see also leveraged buyouts; venture capital

definitions

statistics

types

private equity secondary funds, statistics

private individuals, investor base

private pension funds, statistics

probabilistic cash flow models

probabilities

profits and losses

projections

prudent investing

definition

Prudent Investor Act (PIA), US

prudent investor rule

prudent man rule

pseudo risk metrics

psychological factors, qualitative assessments

public market equivalent (PME)

public pension funds

purchased primaries, definition

pure private equity strategy

qualitative assessments

definition

quantitative analysis

quantitative easing

quantitative investment rules

ranges of values, model uses

rate of contribution (RC)

rate of distribution (RD)

rating downgrades

ratio analysis, funding tests

RCP & Partners

real assets

see also commodities; energy…; forestry…; infrastructure…; natural resources; real estate…

definition

real estate investment trusts (REITs)

real estate real assets

real options, definition

realizations, limited partnerships

Rebonato, R.

recessions

‘red-flag’ criteria

references

regulatory requirements

see also accounting…; Basel…; Dodd–Frank Act; legal issues; Solvency II

relationships between parties

remunerations, risk managers

reporting systems

reputational risk, operational risk

responsibilities, risk management policy

rest of world (RoW), statistics

return indexes

returns

risk

definition

perceptions

types

uncertainty contrast

risk appetites

risk attitudes

risk aversion

risk exposure

risk factor allocation approach

risk limits, risk management policy

risk management

best practices

definitions

due diligence

guidelines

organizational structures

principles-based approaches

rules-based approaches

stakeholders

risk management policy

risk managers

risk measurement

risk models

risk premiums

risk profiles

risk quantifiability

risk tolerance

risk-free rates

risk-neutral asset pools

Robinson and Sensoy’s (2011) sensitivity analysis

rolling forecasts

Rubin, Bob

rules-based approaches to risk management

runs on sovereign debt

Russia

S&P

S&P ratings

safe assets

Savage, Leonard J.

scaling operations, cash flow modelling

scenario analysis

school construction

screening issues, fund managers

secondary buyouts, definition

secondary infrastructure investments, definition

secondary markets

concepts

critique

definition

securitizations

critique

definition

statistics

self-liquidating aspects of limited partnerships

self-regulations

‘sell’ signals

sellers, secondary markets

semi-probabilistic models

senior notes, securitizations

sensitivity analysis

‘shallow pockets’ funds

Sharpe ratio

‘the silver bullet’ model desires

Silver Leaf

simple interest, hurdle rates

simulations

‘skin into the game’, GPs

Slyngstad, Yngve

social choice theory

social infrastructure

soft hurdles

Solvency II standard approach

South Sea ‘Bubble’

Southern Cross GP

sovereign debt market

sovereign wealth funds (SWFs)

special purpose vehicles (SPVs)

speculation

stakeholders, risk management

stale pricing, optimal allocations

Standard & Poor’s

standard deviations

‘standard’ funds

stapled transactions

start-up companies, definition

State of Connecticut Retirement Plans and Trust

statistical probabilities

stochastic processes

stock market crash of 1987

stock markets

straight carries

strategic group centre points

strategic measures, excess returns

strategic sellers, secondary markets

stress factors, VaR

stress testing

structural risk, fund ratings/gradings

structurally illiquid investments, definition

structured finance

structured secondaries, definition

sub-prime mortgages

see also global financial crisis from

subjectivity concepts

successes

super profits

Supreme Court of Alabama

Supreme Judicial Court of Massachusetts

SVG Diamond structures

swaps

Swensen, David

Swiss sovereign debt

syndication aspects of co-investments

system environment, risk management

systematic (non-diversifiable) risk

tail risk

tallying approaches, fund ratings/gradings

Taneo

target returns, secondary markets

tax

technology-driven sectors, VC

Tenzing

term risk, real assets

terminal wealth dispersions

terms and conditions, limited partnerships

Thomson Economics

Thomson Reuters

Thomson Reuters VentureXpert

Thomson Venture Economics (TVE)

time horizons

time series, returns

Tolkamp’s model

top-down models

total value to paid-in (TVPI)

tranches, securitizations

transaction volumes, secondary markets

transformation of risks, securitizations

transparency issues

Treasury bills

trends, illiquid assets

Treynor ratio

trust issues, risk management

trustees, prudent investing

turnarounds

UBS

UC see undrawn commitments

uncertainty

undrawn commitments

Uniform Prudent Investor Act (UPIA), US

United Kingdom (UK)

United States (US)

unquoted portfolio companies, information provisions

unrealized capital gains and losses (UCGLs)

unrecognized/unrealized gains

upside risks, downside risks

US Department of Labor, prudent investment

US Treasury bonds

‘use test’ regulatory requirements

validation and verification of models

valuations

value chains

value-at-risk (VaR)

variance

variance-covariance

venture capital (VC)

definition

verification and validation of models

vintage year diversification

‘virtual fund’ valuation basis (VF), undrawn commitments

volatilities

Volcker Rule

Washington State Plan Investment Board

WEF (2011)

Wilson’s CreditPortfolioView

World Economic Forum (WEF)

Yale

yields

Index compiled by Terry Halliday

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