Publications

18 Jul 2016
Research & Ideas

Is Greed Ruining Private Equity Firms?

and continuity of the firm” This pattern of unequal pay was much more extensive than anticipated among the 717 private equity partnerships studied by HBS finance professor Victoria Ivashina and Josh Lerner, the Jacob H. Schiff Professor of View Details

Keywords: by Dina Gerdeman; Banking; Financial Services

29 Sep 2008
Research & Ideas

Financial Crisis Caution Urged by Faculty Panel

his insights to set the stage. Senior Lecturer Clayton S. Rose, who for 20 years worked at JP Morgan & Company and headed global investment banking and global equity there, discussed the implications of change in commercial and View Details

Keywords: by Martha Lagace; Financial Services

August 2000 (Revised July 2002)
Background Note

Fundamental Enterprise Valuation: Short- and Long-Term Growth Rates and the Growth Horizon

By: Carliss Y. Baldwin

A technical note that defines short- and long-term growth rates and the growth horizon. View Details

Keywords: Cost of Capital; Stocks; Investment Return

Keywords: Julia Hanna; Securities, Commodities, and Other Financial Investments; Securities, Commodities, and Other Financial Investments; Securities, Commodities, and Other Financial Investments; Securities, Commodities, and Other Financial Investments

01 Jun 2008
News

The $4 Billion Question

between generating wealth for the firm’s investment professionals via the fee stream, which is strictly a function of how many dollars you manage, and the investors in the firm — the so-called limited partners, who make money only when... View Details

02 Dec 2018
News

An Investor’s Guide to Climate Change: Risks and Opportunities

as well as land-use and climate-resilient infrastructure, which will require massive injections of capital in order to remain sustainable. Alumni were urged to be the change agents and ask the tough questions; now more than ever taking... View Details

Keywords: Allison Webster; Electric Power Generation, Transmission, Distribution; Utilities; Management, Scientific, and Technical Consulting Services; Professional Services

February 2004 (Revised May 2005)
Case

In-Q-Tel

By: Josh Lerner, G. Felda Hardymon, Kevin Book and Ann Leamon

The Central Intelligence Agency establishes a venture-enabled fund, In-Q-Tel, to allow it to access cutting-edge technologies. Fund managers face a variety of difficulties, some similar to those facing other institutionally affiliated venture funds and some unique. View Details

Keywords: Technological Innovation; Venture Capital; Investment Funds; Problems and Challenges; Government Administration; Public Administration Industry; United States

30 Mar 2015
News

Leveraging the power of yes

Sasha Dichter (MBA/MPA 2002) is chief innovation officer at Acumen Fund, a nonprofit global venture fund that invests in early-stage companies to solve issues stemming from poverty. “One of the things I’ve learned is how expressive and... View Details

25 Aug 2022
News

Open Market

first focusing on scaling operations and then becoming a partner at Google Capital (now CapitalG), investing in late-stage tech companies and helping founders grow their businesses. The experience at Google... View Details

Keywords: Dan Morrell; illustration by Keith Negley; Securities, Commodities, and Other Financial Investments; Securities, Commodities, and Other Financial Investments

April 2000
Case

Francisco Partners

By: Josh Lerner and David L. Gallo

Francisco Partners (which focuses on buyouts of high-technology firms) aims to be the largest first-time fund ever raised. The rationales for the fund, fundraising strategy, and partnership terms and conditions are among the topics explored. View Details

Keywords: Private Equity; Leveraged Buyouts; Venture Capital; Financial Strategy; Partners and Partnerships; Strategy; Investment Funds; Financial Services Industry

Profile

Patrick Connolly

bear-has further confirmed and clarified this for me. I truly could not have asked for a better platform from which to embark on my new career. How has HBS prepared you for your summer internship? In short, very well. This summer, I'm working in View Details

Keywords: Investment Banking; Investment Banking; Investment Banking; Investment Banking

June 1993 (Revised March 1995)
Case

La Nacional and the Huites Dam Project

By: Kenneth A. Froot

Keywords: Emerging Market Finance; Cost of Capital; Infrastructure; Investment; Mexico

Keywords: Securities, Commodities, and Other Financial Investments; Securities, Commodities, and Other Financial Investments; Securities, Commodities, and Other Financial Investments; Securities, Commodities, and Other Financial Investments

Find at Harvard

28 May 2019
News

Alumni Achievement Awards 2019

“Our mission at Social Finance is to mobilize capital to drive social progress. We are pioneering new impact investing approaches, like the Social Impact Bond, to unite uncommon partners around common... View Details

14 Jun 2018
News

Catalyzing Social and Economic Change in Rural Africa

We can invest in areas like agriculture, sustainable forestry, conservation, and tourism, and blend together development capital and financial capital so that everybody has the... View Details

01 Dec 2009
News

Hope for Reform Dims

reforms.” In a freewheeling Q&A session with some 400 students in Burden Hall on September 30, Thain advocated action on three fronts: consolidating the six federal agencies that regulate financial institutions to eliminate overlapping and duplicative jurisdictions... View Details

December 2013 (Revised August 2015)
Case

Viva Macau (A)

By: Dante Roscini and G. A. Donovan

A fast-growing Macau-based airline backed by private US investors faces a dramatic expropriation in the wake of the first change of head of government since the former Portuguese colony became a Special Administrative Region of China. The case allows students to... View Details

Keywords: Risk Management; Air Transportation; Ownership; Foreign Direct Investment; Government and Politics; Emerging Markets; Venture Capital; China; Macau

01 Dec 2015
News

Euro Vision

2010 to $9.2 billion in 2014, according to Dow Jones VentureSource. In the second quarter of this year, European venture capital firms raised a combined $2.25 billion, 63 percent more than over the same period last year. But that doesn't... View Details

Keywords: Jason Feifer

January 1995 (Revised June 1995)
Case

Note on Yield Conventions

By: Andre F. Perold and Wai Lee

Describes the principal conventions used to report yields on debt instruments. View Details

Keywords: Investment Return; Capital Markets; Asset Management; Reports; Conferences; Governing and Advisory Boards