Date: | 02.04. - 21.05.2025 | ||||||||||||||||||||||||||||||||||
Aim of the course: | The aim of the course is to introduce master students to the important role that private and venture capital play in capital markets as: - a source of financing for companies; - an alternative investment opportunity and asset class; - a tool for economic growth and development. During the course, students will learn about private and venture capital strategies, private and venture capital fund structures, legal framework and operating principles. The knowledge acquired during the course is consolidated through various practical cases. The course is taught in cooperation with the Estonian Private Equity and Venture Capital Association (EstVCA) | ||||||||||||||||||||||||||||||||||
Target group: | The course is intended for those who wish to obtain in-depth but practical knowledge of the possibilities of private and venture capital as a source of financing for companies, as an alternative investment opportunity and asset class, as well as a tool for economic growth and development | ||||||||||||||||||||||||||||||||||
Topics: | Introduction, nature and importance of private and venture capital. Difference between private and venture capital from other asset classes / sources of capital, market participants, volume and structure. Relationships between private and venture capital financing and the life cycle of companies. Venture capital and private equity strategies. Involvement of risk capital financing in different development phases. Private equity strategies: acquisitions and asset-based strategies, private equity financing, leverage and ESG. Private equity and venture capital fund structure, legal framework and operating principles. Valuation valuation methodologies by different private and venture capital investment strategies and sub-strategies. Private equitycase study ("buy and build strategy"). Venture capital case study ("raising capital in the seed phase") | ||||||||||||||||||||||||||||||||||
Study results: | After completing this course the student:
- understands the nature and importance of private and venture capital and is familiar with it's structure, strategies and valuation models; - quantitatively and qualitatively evaluates deal-specific information and demonstrates an understanding of material through solutions to the cases | ||||||||||||||||||||||||||||||||||
Assessment criteria: | Eristav hindamine. Lõpphinne kujuneb kaasuse lahenduse ja ettekandmise ning kirjaliku eksami tulemuse punktide summeerimisel. | ||||||||||||||||||||||||||||||||||
Comments: | - Kursuse peamine keel on eesti keel, osaliselt inglise keeles. - Tegemist on magistriõppeaine MEF5120 alusel toimuva täiendusõppe teenuse pakkumisega. | ||||||||||||||||||||||||||||||||||
Learning outcomes: | Business, administration and law | ||||||||||||||||||||||||||||||||||
Course language: | in Estonian | ||||||||||||||||||||||||||||||||||
Volume: | lectures: 32 academic hours independent studies: 124 academic hours | ||||||||||||||||||||||||||||||||||
Graduation document: | TalTech certificate | ||||||||||||||||||||||||||||||||||
Lecturer: | Kalle Ahi (TalTech), Kristjan Kalda (BaltCap), Martin Kõdar (BaltCap), Hendrik Reimand (2C Ventures), Heidi Kakko (UniTartu Ventures), Kristjan Laanemaa (Karma Ventures), Mihkel Kolk (Deca Legal), Indrek Kaldoja (eAgronom), Allar Karu (PwC Advisory), Maarja Pärs (Livonia Partners), Linda Võeras (Karma Ventures), Lauri Isotamm (Siena Secondary Fund) | ||||||||||||||||||||||||||||||||||
Contact: | Kristiina Pullerits, 6204057, kristiina.pullerits@taltech.ee | ||||||||||||||||||||||||||||||||||
Price: | 300 EUR / participant | ||||||||||||||||||||||||||||||||||
Registration start: | 21.02.2025 00:00 | ||||||||||||||||||||||||||||||||||
Registration deadline: | 02.04.2025 | ||||||||||||||||||||||||||||||||||
Timetable: |
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