Publications

02 Nov 2020
Blog Post

WE RISE

process. “When you say things like, ‘It was just my gut feel,’ you don’t have to explain your decision,” explains Huang. “It provides a cover for discrimination.” Faced with these and other challenges during her fundraising effort, Feinzaig turned to social media for... View Details

Keywords: Venture Capital / Private Equity; Venture Capital / Private Equity; Venture Capital / Private Equity

June 2010 (Revised November 2013)
Case

Momentive Performance Materials, Inc.

By: Victoria Ivashina and David Scharfstein

After nearly violating its loan covenants in 2009, Momentive Performance Materials, backed by its financial sponsor Apollo Global Management, took a variety of actions to restructure its debt. The restructuring steps included an open market repurchase of publicly held... View Details

Keywords: Restructuring; Financial Crisis; Borrowing and Debt; Private Equity; Financing and Loans

Fast Answer

Resources for Harvard Economics Students

and private companies, investment firms, capital transactions, and people. Provides sophisticated retrieval and personalization tools to create numerous reports. An active account can be used to download the Capital IQ excel... View Details

May 2016 (Revised August 2019)
Teaching Note

Project Deutschland: Unpeeling the Onion of a Distressed Real Estate Portfolio

By: Nori Gerardo Lietz and Ricardo Andrade

James Tallest analyzed the opportunity to invest in a distressed portfolio of high quality properties in Germany by acquiring one or more non-performing loans from Deutschland Bank. While he considers the many aspects of the deal that is about to unfold, he must decide... View Details

Keywords: Real Estate; Distress Investing; Non-performing Loan; Borrowing and Debt; Capital Structure; Private Equity; Negotiation Deal; Valuation; Real Estate Industry; Financial Services Industry; Germany; Europe

March 2008
Supplement

Carlyle Japan (B)

By: David B. Godes, Masako Egawa and Mayuka Yamazaki

This is a supplement to the (A) case. It shows that the networks that the firm had been investing in-- commercial banks--were becoming less and less valuable over time. Given this, Tamotsu Adachi must think about how to go about building a new set of networks. View Details

Keywords: Private Equity; Commercial Banking; Investment; Networks; Value; Japan

Profile

Leo Markel

the private and public sectors with the primary goal of harnessing capitalism's power to improve lives. Practically, this means that my work will be focused on emerging and frontier markets; ideally, I'd be working in large countries... View Details

Keywords: Venture Capital / Private Equity; Venture Capital / Private Equity; Venture Capital / Private Equity; Venture Capital / Private Equity

Career Coach

Shruti Rao

Shruti wants to help students explore the opportunities available to HBS students in the banking, private equity and venture capital industries. Having worked in these industries, Shruti can provide insights... View Details

Fast Answer

Industries: financial analytical data and tools

href="https://www.library.hbs.edu/Find/Guides/Venture-Capital-Private-Equity" target="_blank">Venture Capital & Private Equity Research Guide A guide of resources at Baker Library available to uniquely... View Details

September 2003 (Revised February 2007)
Case

PolyMedica Corporation (A)

By: David F. Hawkins and Jacob Cohen

The Securities and Exchange Commission and investors question PolyMedica Corp.'s practice of capitalizing rather than expensing of direct-response advertising. View Details

Keywords: Activity Based Costing and Management; Business Earnings; Advertising; Private Sector; Budgets and Budgeting; Cost Management; Capital Markets; Marketing; Private Equity; Pharmaceutical Industry; Medical Devices and Supplies Industry

November 2021
Case

Steve Schwarzman on Dealmaking II: When They Hold All the Cards (A)

By: James K. Sebenius and Alex Green

Blackstone Co-founder, Chairman, and CEO Stephen A. Schwarzman, whom Forbes has called “Wall Street’s Greatest Dealmaker,” played a major role in the negotiations that transformed Blackstone from a fragile startup in 1985 with $400,000 in capital into a dominant... View Details

Keywords: Dealmaking; Bargaining; Conflict Resolution; Negotiation; Private Equity; Entrepreneurship; Conflict and Resolution; Problems and Challenges; Negotiation Tactics; Financial Services Industry

November 2021
Case

Steve Schwarzman on Dealmaking I: “Becoming a ‘Friend of the Situation’” (A)

By: James K. Sebenius and Alex Green

Blackstone Co-founder, Chairman, and CEO Stephen A. Schwarzman, whom Forbes has called “Wall Street’s Greatest Dealmaker,” played a major role in the negotiations that transformed Blackstone from a fragile startup in 1985 with $400,000 in capital into a dominant... View Details

Keywords: Dealmaking; Bargaining; Conflict Resolution; Negotiation; Private Equity; Conflict and Resolution; Entrepreneurship; Problems and Challenges; Negotiation Tactics; Financial Services Industry

01 Sep 2010
News

Finnegan Heads HBS Fund

a longtime volunteer. As cofounder and co-CEO of Madison Dearborn Partners, a Chicago-based investment firm, Finnegan attributes much of his success to HBS. “It would have been impossible for me to get a position in private View Details

01 Mar 2015
News

Faculty Q&A: Less Risk, More Reward

Children’s Health Insurance Program [SCHIP] that was rolled out in 1997. Its goal was to insure children who were not covered by private insurance, but whose family income disqualified them from Medicaid. But I found that one of the... View Details

Keywords: April White; Private Households; Private Households; Private Households; Private Households; Private Households; Private Households

March 2008
Supplement

Carlyle Japan (C)

By: David B. Godes, Masako Egawa and Mayuka Yamazaki

This is a supplement to the (A) and (B) cases. It documents the shift in Carlyle's networking strategy. The firm decreased its focus on building contacts in commercial banking an increased instead the focus on building more contacts with industry directly. View Details

Keywords: Private Equity; Banks and Banking; Investment; Growth and Development Strategy; Supply and Industry; Networks; Japan

February 2007 (Revised March 2007)
Case

NCH Capital and Univermag Ukraina

By: Josh Lerner and John Didiuk

NCH Capital is considering whether to sell its Ukrainian company Univermag Ukraina, which it has held and built up over the past decade. View Details

Keywords: Opportunities; Private Equity; Problems and Challenges; Developing Countries and Economies; Retail Industry; Ukraine

04 Aug 2009
First Look

First Look: August 4

Working PapersThe Impact of Private Equity Ownership on Corporate Tax Avoidance Authors:Brad Badertscher, Sharon P. Katz, and Sonja Olhoft Rego Abstract This study investigates how View Details

Keywords: Martha Lagace

September 2013 (Revised November 2023)
Case

Antoine Leboyer and GSX

By: Richard S. Ruback and Royce Yudkoff

Antoine Leboyer (HBS '92) acquired the Swiss-based software company GSX in February 2008. He managed through the recession of 2008–2009, dealt with a tumultuous separation from the founder/owner, rebuilt the management team, and upgraded the company's software... View Details

Keywords: Acquisition; Small Business; Finance; Private Equity; Growth and Development Strategy; France; Switzerland