Publications

01 Jun 2007
News

In Brief

Q&A with Steve Schwarzman. Private-equity firms have been on an acquisitions binge of late, and leading the pack is The Blackstone Group, headed by CEO Steve Schwarzman (MBA ’72). He talks about the buyout business and where it is headed.... View Details

Keywords: Colleges, Universities, and Professional Schools; Educational Services; Finance; Management, Scientific, and Technical Consulting Services; Professional Services

21 Nov 2006
First Look

First Look: November 21, 2006

buyout market: RLBOs performed strongly in the late 1980s, the mid-1990s, and the 2000s. Large RLBOs that are backed by private equity firms with more capital under management... View Details

Keywords: Sean Silverthorne

December 2017 (Revised April 2018)
Case

Area One Farms

By: Forest Reinhardt, Jose B. Alvarez and Annelena Lobb

In 2017, Joelle Faulkner, CEO of Area One Farms, a Canadian private-equity fund focused on investing in the best Canadian farms and helping them expand, considered the merits and disadvantages of expanding her business to the U.S. While the markets shared some... View Details

Keywords: Expansion; Decision Choices and Conditions; Private Equity; Canada; United States

10 Dec 2024
Interview

A New Model for Funding Healthcare Innovation

By: Regina E. Herzlinger and Duke Rohlen

Ajax Health founder Duke Rohlen (HBS MBA 2001) and HBS Professor Regina Herzlinger join host Brian Kenny to discuss the key success factors for both start-up and established medical technology firms. The case “Ajax Health: A New Model for Medical Technology Innovation”... View Details

Keywords: Entrepreneurship; Innovation and Invention; Business Model; Private Equity; Health Industry

August 2017 (Revised January 2020)
Case

PFA Pension: Expansion of Alternatives Portfolio

By: Victoria Ivashina, Federica Gabrieli and Jérôme Lenhardt

PFA Pension was the biggest commercial pension provider in Denmark. At the end of 2015, the company had decided to boost its investments into the alternative asset class, an area where it was lagging behind its competitors. The aim was to privilege direct investments... View Details

Keywords: Asset Management; Private Equity; Investment; Denmark; Europe

November 2021
Supplement

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

By: James K. Sebenius and Alex Green

This case describes, largely in his own words, how Schwarzman dealt with the eight negotiation challenges in the (A) case (922-005); with respect to each challenge, a series of generalizations follows to enhance one's effectiveness in negotiation. View Details

Keywords: Dealmaking; Bargaining; Conflict Resolution; Negotiation; Private Equity; Entrepreneurship; Conflict and Resolution; Problems and Challenges

17 Nov 2015
Lessons from the Classroom

How Activist Investors Became Respectable

buyout raiders of the 1980s eventually morphed into the legitimate private equity business, greenmailers of a generation ago are now taken seriously as hard-nosed change agents... View Details

Keywords: by Joseph Fuller; Financial Services; Banking

14 May 2013
Blog Post

MBAxAmerica Update: Week 6, New Orleans

Village staff, program alumni, successful start-ups, early stage start-ups, impact investors, and the head of the Louisiana Buyout Fund. We also looked at recently released data from the Greater New Orleans Community Data Center and stats... View Details

Keywords: Entrepreneurship

25 Aug 2022
News

Full Stream Ahead

While the economics of the music industry have always been a little convoluted, there’s at least one simple reason contributing to all the attention from private equity, according to Sherrese Clarke Soares (MBA 2004): interest rates. The... View Details

Keywords: Jen McFarland Flint; Performing Arts, Spectator Sports, and Related Industries; Arts, Entertainment

Fast Answer

Sustainability in VCPE & Investing

This is a part of Baker Library's Sustainability Research Guide. Background Readings Private Equity and Venture Capital’s Role in Catalyzing Sustainable Investment A paper from the... View Details

September 2017 (Revised July 2019)
Supplement

Actera Group: Investing in Mars Cinema Group (B)

By: Victoria Ivashina and Eren Kuzucu

Supplements the (A) case. View Details

Keywords: Private Equity; Value Creation; Transformation; Valuation; Motion Pictures and Video Industry; Turkey

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

Fast Answer

PE Fundraising

of analyzing fundraising. In Pitchbook Click on Funds > Private Equity Funds Select criteria including fund status, size, vintage, and structure. Select Search in the... View Details

March 2021 (Revised August 2021)
Case

Apax Partners and Duck Creek Technologies

By: Josh Lerner, Terrence Shu and Alys Ferragamo

This case follows Jason Wright and Umang Kajaria at Apax Partners as they consider an investment in Duck Creek Technologies, a technology provider for property & casualty insurance companies. The deal required a complex carve-out from Accenture, Duck Creek’s parent... View Details

Keywords: Carve-out; Private Equity; Insurance; Investment; Operations; Valuation; Financial Strategy; New York (city, NY)

04 Oct 2007
What Do You Think?

Has Managerial Capitalism Peaked?

Summing Up The clear consensus of those responding to this month's column is that managerial capitalism, as John Bogle terms it, has peaked. But what will follow it is less clear. Many doubt that the form of owners' capitalism represented by View Details

Keywords: by Jim Heskett

18 Sep 2007
First Look

First Look: September 18, 2007

price risks in upstream markets for fossil fuels. Purchase this case: http://www.hbsp.harvard.edu/b01/en/common/item_detail.jhtml?id=706015 HCA, Inc. Harvard Business School Case 207-076 Focuses on the buyout of HCA by three View Details

Keywords: Martha Lagace

May 2010 (Revised January 2014)
Case

Water Shortage and Property Investing in Mexico City

By: John D. Macomber, Regina Garcia-Cuellar and Griffin James

A commercial property company evaluates water risks including the government's ability to remedy, the company's operating exposure and mitigation, and whether to relocate because of water risk. A real estate fund manager assesses investment prospects in Mexico City in... View Details

Keywords: Private Equity; Investment; Risk Management; Infrastructure; Privatization; Business and Government Relations; Partners and Partnerships; Financial Services Industry; Real Estate Industry; Utilities Industry; Mexico City