Seton Hall University - Private Equity & Venture Capital

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Syllabus

Syllabus Spring 2025

Professor's Inbox

(upload info for Professor)

Professor's Dropbox

Processor's Email

droussch@shu.edu

Office Hour Info/time

IN-PERSON

Tuesdays and Thursdays 9:30-11:00am

Send an email to make an appointment

JUBILEE HALL ROOM #691

Zoom Room

Zoom Link

Active Learning

(access to Assignments):

Professor's Biography

Professor's Biography

Office Hours/Remote

(9:00-5pm)

Make an Appointment Link

Tue/Thu

8:00am-9:15am

JH 111

Jan 16 on-line

Jan 21

Jan 23

Jan 28

Jan 30

Feb 4

Feb 6

Feb 11

Feb 13

Feb 18

Feb 20

Feb 25

Feb 27

Mar 4-6

Mar 11 On-Line

Mar 13

Mar 18

Mar 20 On-line

Mar 25-27

Apr 1-15

Apr 8-10

Apr 15

Apr 17

Apr 22-24

Apr 29

May 1

May 6

May 9 (Friday) 10:10am-12:10pm

PRIVATE EQUITY, VENTURE AND ALTERNATIVE FUNDS ANALYSIS

(PORTFOLIO APPORACH)

MIDTERM REVIEW AND EXAMS

(ON-LINE)

TRANSACTION AND VALUATIONS

(LBOs, NEW VENTURE, DISTRESS DEALS)

Lecture Subject

Introduction to Course

Introduction to Private Equity

Introduction to Venture Capital

Private Equity, Venture Capital – Investments in Corporates

Private Equity, Fund Structure, Watefall Distribution and Economics

Venture Capital Fund Structure, Waterfall and Economics

Introduction to Private Credit (CLO and BDC)

Financial Credit and Structure of Loan

Midterm Exam Review

Midterm Exam Results and Final Project

Investment Strategies in Private Equity

Capital Markets & Valuation Methodolgies

Venture Capital & Other Alternative Investments

EXAM REVIEW

Assigned Lectures & Class Presentations

Lecture 1 - Introduction to Private Equity

Lecture 2 Introduction to Venture Capital

Lecture 3 Investing in different Development Stages

Lecture 4a GP & LP Structure returns, waterfalls and hurtle rates

Lecture 4b Simple GP Carry and Waterfall Distribution

Lecture 5 - Venture Capital Fund Structure Overview

Lecture 6a - Leveraged Loans, Private Credit and CLOs

Lecture 6b - Private Credit and the Secondary Credit Markets

Lecture 6c - Credit Risk Analysis

Lecture 6d - Market Risk & Loan Syndication

Lecture 7 - Financial Credit and Structure of the Loan

Lecture 8 - LBOs and Recaps

Lecture 9 - Corporate Valuations

Lecture 10 - VC and Valuation of start-up businesses using Black-Scholes Options Pricing Model

Assigned Spreadsheets

PE Carry Interest and Simple Waterfall

Private Equity Waterfall Distribution Model

CLO Credit Risk Management Model

Secondary loan market yields calc

Borrowing Base Certificate

Market Risk and Syndication Analysis

Relevant Videos

Henry Kravis: How the Corporate Titan Rocked Wall Street

Barbarians at the Gate Movie Clip - the Transaction

Lead Left - Private Credit, Private Equity and Leveraged Loans

Risk In Venture Capital: For Investors (LPs) | Claudia Zeisberger

Zoom Lecture Recordings

Zoom Recording 1/16 - Intro to Course

Zoom Recording 1/21

Zoom Recoding 1/23

Zoom Recording 1/28

Zoom Recording 2/4

EXAMS via Canvas

MIDTERM I

ON-LINE EXAM

VIA CANVAS

MIDTERM II

ON-LINE EXAM

VIA CANVAS

FINAL EXAM VIA ACTIVE LEARNING

Homework Assignments

(Via Canvas)

Homework #1 Due 2/6

PE and VC Concepts

Homework #2 Due 2/13

PE Waterfall Aanlysis

Homework #3 Due

VC Portfolio Analysis Concepts

Homework #4 Due 2/25

Private Credit Return, Recovery and LGD

Homework #5 Due

Secondary LevFin Loan

Homework #6 Due 4/10

DCF, PE IRR and NPV

LBO Project Due

Spreadsheet Templates

(homework/assignments/exams)

Project Assignment

Relevant Articles/Links

Vintage Private Equity Deals: TXU Learnings from the Largest LBO (Bust) in History