Created by: kirb
Number of Blossarys: 2
English (EN)A class of partner in a partnership. The general partner retains liability for the actions of the partnership. In the private equity world, the GP is the fund manager while the limited partners (LPs) ...
Intermediaries which endowments, pension funds and other institutional investors use as advisors regarding private equity investments.
A fund created to invest in private equity funds. Typically, individual investors and relatively small institutional investors participate in a fund-of-funds to minimize their portfolio management ...
The total number of shares of common stock outstanding. To calculate the common stock on a fully diluted basis, assume that in addition to all of a company's currently issued and outstanding common ...
A downward change in the conversion price (or exercise price) of a convertible security. For a full ratchet antidilution clause, the conversion price of the convertible security is reduced to the ...
Capital provided by the friends and family of founders of an early stage company. Founders should be careful not to create an ownership structure that may hinder the participation of professional ...
The operating cash flow available after operating expenses, taxes, reinvestment needs and changes in working capital, but before any interest payments on debt are made. In a discounted cash flow ...
