Publications

March 2010 (Revised January 2012)
Case

Microsoft's IP Ventures

By: Josh Lerner and Ann Leamon

Microsoft's IP Ventures program, through which Microsoft spun out promising but unused technologies into new companies, is a new approach to corporate venture capital. The program provides "IP for equity" and has proven very successful in achieving its main... View Details

Keywords: Corporate Entrepreneurship; Venture Capital; Equity; Financing and Loans; Investment; Intellectual Property; Rights; Software; Washington (state, US)

01 Dec 2008
News

Business at the Summit

to another level, Ferguson compared evolutionary developments in the natural world with recent developments in the global economic system. Over the past two decades, he explained, there has been an “incredible financial evolution,” from the proliferation of private... View Details

Keywords: leadership; alumni events; Centennial; Finance; Finance; Finance; Finance

11 Apr 2019
Blog Post

Kel Jackson, MBA 2019: "[My Job] Matters. I Didn't Want a Role that Would Box Me In."

Representative, public speaking instructor, and tutor. When applying for an internship, his wide-ranging interests made it difficult to pinpoint just one industry. Jackson considered private equity but ultimately landed an internship in... View Details

Keywords: Manufacturing

September 2024 (Revised November 2024)
Case

Carrie Wang: Choosing Between the Family Firm and the Family Spirit

By: Lauren Cohen, Fei Wu and Sophia Pan

Carrie Wang, Investment Head of the Wang’s single-family office, contemplated her next career steps. As one of the first businessmen who had risen from China’s industrial rise, her father had grown his wealth to a considerable level, eventually requesting that his... View Details

Keywords: Family Office; Investment; Interests Of Consumers; Family Business; Business Growth and Maturation; Financial Management; Financial Strategy; Financial Markets; Investment Portfolio; Investment Return; Private Equity; Customer Relationship Management; Interests; Reputation; Real Estate Industry; China

October 2013 (Revised December 2013)
Teaching Note

Blackstone and the Sale of Citigroup's Loan Portfolio Teaching Note

By: Victoria Ivashina and David Scharfstein

Keywords: Derivatives; Bankruptcy; Credit Derivatives and Swaps; Private Equity; Restructuring; Insolvency and Bankruptcy; Banks and Banking; Banking Industry; Financial Services Industry

January 2008 (Revised May 2009)
Case

Restructuring at Delphi Corporation (A)

By: Stuart C. Gilson and Sarah L. Abbott

Delphi Corporation, operating under Chapter 11 bankruptcy protection, has filed a plan of reorganization with the court, under which a consortium of hedge funds led by Appaloosa Management will invest up to $2.6 billion in new equity. Also participating in the plan is... View Details

Keywords: Restructuring; Capital Structure; Private Equity; Insolvency and Bankruptcy; Investment Funds; Labor and Management Relations; Auto Industry; Service Industry

01 Mar 2008
News

One-on-One with Jim Breyer

Is the epicenter of venture capital shifting from the United States to Asia and Europe? There’s no doubt the venture capital business continues to expand. In many ways it’s very similar to what we’ve seen with the private equity business.... View Details

Keywords: Roger Thompson; Finance; Finance; Finance

Profile

Robert Leke

them to unleash their utmost potential. How did HBS prepare you for your internship & long term career goals? There are obviously the technical skills which HBS equipped me with for my career (such as Finance or Operations). But more... View Details

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

November 1998 (Revised July 1999)
Case

Spyder Active Sports, Inc. and CHB Capital Partners (B)

By: John A. Davis, Louis B. Barnes and Peter K. Botticelli

Supplements the (A) case. View Details

Keywords: Organizational Change and Adaptation; Private Equity; Family Business; Business Growth and Maturation; Entrepreneurship; Apparel and Accessories Industry; Sports Industry

January 2008
Case

Parks Capital - Investment in US Retail, Inc.

Parks Capital acquired a Children's Apparel Manufacturer , American Child Clothing Manufacturers, Inc. (ACCM), in 2001. Two years later ACCM's largest retail customer, U.S. Retail, Inc., decided to evaluate strategic alternatives due to financial difficulties. Parks... View Details

Keywords: Mergers and Acquisitions; Customer Value and Value Chain; Private Equity; Vertical Integration; Apparel and Accessories Industry; Manufacturing Industry; Retail Industry; United States

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October 2007 (Revised March 2009)
Case

Advanced Energy: Programs for Energy Conservation

By: V. Kasturi Rangan and Brooke Barton

Describes the dilemma facing Advanced Energy (AE), a $6 million nonprofit engaged in energy conservation in North Carolina. Most of the money for its programs comes from a Public Benefits Fund (PBF) enacted by the state legislature. With renewed effort by activists in... View Details

Keywords: Energy Conservation; Public Equity; Performance Efficiency; Nonprofit Organizations; Conflict and Resolution; Energy Industry; Utilities Industry

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Profile

Malcolm Little

had always heard alums praise HBS for its diversity, but I didn’t realize its impact until I got here," Malcolm says. "My career had been focused on investment banking and private equity – and both have a very homogenous way of... View Details

05 Oct 2021
Blog Post

First-Gen Voices: Eric Westphal on Tapping into the Global Alumni Network & Making a Difference across Borders

it out he did, and sophomore year Westphal secured an internship in banking and equity research and junior year he did a banking internship at Credit Suisse. From Wall Street to Harvard Way After graduation, Westphal joined JPMorgan full... View Details

22 Apr 2002
Research & Ideas

Profits and Prophets: The Role of Values in Investment

"Profits and Prophets: The Role of Values in Investment," at the Harvard Business School Möbius Leadership Forum on April 12. Hayes holds the Jacob H. Schiff Chair in Investment Banking at Harvard Business School, Emeritus. Domini is president of the Domini... View Details

Keywords: by Sean Silverthorne

Web

Student Clubs | MBA

Finance Club FinTech Club First Generation Students Club Food and Agriculture Club Football/Soccer Club Formula One Club French-Speaking Club Future of Mobility Future of Work Club G Gaming and Game Industry Club General Management &... View Details

21 Jun 2017
Blog Post

Agricultural Investing: Where Boots Meet Suits

inflation hedge. This summer, I am interning with PGIM Real Estate Finance’s agricultural equity investment team in San Francisco, CA. This group acquires farmland across the United States and across various commodities. I discovered the... View Details

Keywords: Manufacturing

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