Archives November 2024

Kellogg is a leading educational institution in private equity and venture capital known for its focus on value creation. It is committed to cultivating diverse, well-rounded global leaders in the industry (investors, operators, and other professionals) and providing them with a broad set of opportunities throughout their careersPune Stock. In addition, Kellogg fosters a lasting private equity and venture capital alumni community and convenes esteemed faculty, industry leaders, and the larger community for knowledge-sharing and thought leadership.

The objective of Kellogg’s Private Equity and Venture Capital (PE/VC) pathway is to equip students with the tools, skills, and knowledge to shape the future of private equity and adapt to the new trends emerging in the PE spaceKolkata Stocks. These trends include preparing students for: (a.) the growth and competition for talent at entry points; (b,) functional roles becoming more important at the GP level; (c.) thinking strategically about the GP’s value proposition LPs; (d.) the increase demand for both managers and operators, not just financial experts; (e.) specific sector expertise and regulatory expertise in defined complex fields such as environmental sustainability and healthcare.

The driving theme behind Kellogg’s Private Equity and Venture Capital (PE/VC) pathway is to identify and exploit the potential sources of value in private, founder-owned, public, and closely-held firms by VC and PE investorsKanpur Stock. This interdisciplinary pathway provides students with the analytical framework and tools necessary to successfully conduct venture capital and private equity transactions, execute mergers and acquisitions, and engage in corporate restructuring activities. The pathway is structured along potential sources of value that PE/VC investors can extractUdabur Wealth Management. This pathway has different tracks depending on whether students are interested more in Venture Capital, Growth Equity, or buyouts. It also has a strong international component for those students who are interested in exploring the practices around the world, specifically, in countries that do not have common law legal systems.

In venture capital, investors may generate value in early-stage companies by engaging in operational and strategic engineering that focuses on getting the most from the company’s resources. For investors in the growth equity segment of the private equity industry, these same skills apply. In addition, growth equity investors may redesign a company’s governance structure to reduce friction between management and shareholders and between non-controlling and controlling shareholders, resulting in management decisions more aligned with shareholder interests. In doing so, they will use financial contracts that are characterized by steep incentives for the management team. Private equity investors engaged in leveraged buyouts) and restructuring creates value with operational and governance changes, as well. They may also exploit inefficiencies in capital markets by restructuring a company’s liabilities or by purchasing undervalued assets and selling them at or above their fundamental value.

The PE/VC pathway emphasizes financial, operational, and strategic skills for venture capital investors, adds approaches to corporate governance for growth equity investors, and provides a greater emphasis on accounting and financial skills for buyouts and corporate restructuring. In addition to the Evanston classes, students interested in working for start-ups (Series B and further) or venture capital firms should consider the San Francisco immersion program offered in the winter.Nagpur Stock

Foundational courses are strongly recommended for students who are planning to undertake a career in the industry. Exploratory courses are introductory courses which can be taken with few prerequisites. Experiential courses can be taken without prior knowledge; however, for a more effective experience, it is recommended that students enroll in the foundational courses before or concurrently.

Faculty sponsors: Scott Baker (Finance), Jose Liberti (Finance) and Paola Sapienza (Finance).

Advanced Private Equity Experience (APEX)

Hyderabad Stocks

– By Bikash Narayan MishraAhmedabad Investment

The FinTech is expected to disrupt the financial services sector. With innovative technology, these new-age firms aim to provide more accessible financial products, low-cost delivery, and payment solutions.

However, disruption cannot come at the expense of regulation. In recent days, the Reserve ’s precise and targeted actions against certain FinTech companies have caused some discontent within the sector. While the affected firms are eager to address the concerns and comply with regulations, some industry representatives worry that this overzealous approach could stifle the growth of the fledgling FinTech industry.

Before we delve into the details of the RBI‘s actions, let’s first acknowledge this year’s Nobel laureates in Economics—Daron Acemoglu, James A. Robinson, and Simon Johnson—for their work on how institutions shape economic development. In today’s highly polarised world, where development economics is often driven by vote shares and subsidies are frequently equated with freebies, these economists have once again underscored the critical role societal institutions play in a nation’s economic growth. Institutions are not only expected to be free, fair, and prudent, but, at times, their role can overshadow that of the government, as their vision is long-term and free from political manoeuvring. The Nobel laureates have categorised institutions into two types: inclusive institutions, which enforce property rights, protect democracy, limit corruption, and promote economic growth and development, and extractive institutions, which concentrate power and restrict political freedom.

In , the debate over the independence of institutions has gained considerable significance over the last decade. While some allegations, including those from employee associations, warrant introspection, many lack substantial grounds. If India aspires to become a $30 trillion , it is crucial to protect, nurture, and further strengthen our independent institutions. They serve as lighthouses—guiding the way forward and warning against potential crises.

And that’s exactly what the RBI is doing by ci ng supervisory concerns related to loan pricing practices. In one of the cases, RBI stated that the ac on is based on material supervisory concerns observed in the pricing policy of these companies in terms of their weighted average lending rate (WALR) and the interest spread charged over their cost of funds, which are found to be excessive and not in adherence with the regulations. This is where the real concern lies. Some of these new-age firms, in their rush to capture share, are neglecting basic regulatory compliances. Such an approach is not only risky for the companies themselves but also poses a threat to the entire ecosystem. Recently, the regulator has repeatedly implemented measures to rein in the rapidly growing personal loan and gold loan segments.

According to industry estimates, Indian FinTech Industry is estimated to be around $110 billion and by 2029, it is projected to reach an impressive number of around $420 billion at a cumulative annual growth rate of 31%. The government while encouraging the sector has also made a case for appointment of key contact point or nodal officer by the Fintech companies to liaise with the law enforcement agencies, real- me monitoring of data infringement. In fact, discussions have been held on indigenous transaction monitoring and An – Laundering (AML) system catering to Indian fraud and crime scenarios that may be developed by the Fintech companiesPune Wealth Management. But before this materialises, the FinTech industry needs to strengthen self-regulation to prevent individual issues from affecting the entire sector.

A promising start has been made with the Fintech Association for Consumer Empowerment (FACE) being allowed to establish a self-regulatory organisation (SRO) for the sector. It is expected that more organisations will follow suit. The RBI has already stated that the SRO-FT (FinTech) will operate “objectively, with credibility and responsibility” under its oversight, ensuring the sector’s “healthy and sustainable development.”

This brings us back to this year’s Nobel laureates, who have shown that inclusive institutions have a long-term positive impact on economic prosperity. The success stories of Germany and Japan, despite their massive defeat and near occupation after World War II, are testament to this idea. Both nations recognised their challenges and supported the development of independent institutions within their political frameworks. They also made significant investments in skill building and placed strong emphasis on technological innovation and research.

The FinTech industry will benefit greatly if it supports independent institutions, like these SROs, allowing them to thrive as centres of innovation. The opportunity is vast, with over 530 million Jan Dhan accounts holding an average balance of Rs 4,000, waiting to be tapped. In the insurance sector as well, penetration levels leave much room for growth. FinTechs should not lose this opportunity by focusing solely on leading the competition. A well-regulated sector will benefit all stakeholders and contribute to the vision of a Viksit Bharat.

Author Bikash Narayan Mishra is Senior Advisor, Indian Banks Association

Kolkata Investment