Udemy - CFA Level 3 - Private Markets Pathway

Mastering Private Markets: Strategies, Valuation, and Investment Insights for General Partners
What you'll learn
Distinguish the features, structures, and methods of private and public investments, focusing on their unique characteristics and implications for investors.
Evaluate how private market features impact risk and return, compare across asset classes, and incorporate private markets into asset allocation strategies.
Explore liquidity considerations, investment processes, and the role of manager skills in optimizing portfolio diversification and performance.
Understand venture capital, growth equity, buyout strategies, and valuation methods, including the VC and LBO models.
Examine private debt strategies, including venture debt, mezzanine debt, leveraged loans, and high-yield bonds, along with their profiles and valuation.
Study distressed debt, event-driven opportunities, convertible bond arbitrage, and associated risks like credit, liquidity, and legal risks.
Assess private real estate and infrastructure investments, focusing on value drivers, due diligence, valuation approaches, and risk-return characteristics.
Requirements
This course is designed to be accessible while providing advanced insights into private markets. The following are recommended, but not mandatory, prerequisites: Skills & Knowledge: Familiarity with financial concepts such as risk and return, portfolio diversification, and asset valuation. Basic understanding of investment vehicles (e.g., stocks, bonds, and mutual funds). Experience: Ideal for CFA Level 3 candidates or professionals with prior exposure to investment management, private equity, or real estate investments. No prior private market experience is required; we start with foundational concepts. Tools or Equipment: A computer or tablet with internet access to access course materials and complete assignments. A financial calculator (e.g., BA II Plus) for practical exercises. No Barriers for Beginners Even if you're new to private markets, this course provides a step-by-step approach, making it suitable for anyone eager to learn about this growing field in investment management.
Description
This course provides a comprehensive exploration of private markets investing, with a primary focus on the perspective of General Partners (GPs). It is designed to equip participants with essential valuation and investment skills across various asset classes, including private equity, private debt, real estate, infrastructure, and special situations. Through a structured curriculum, the course delves into the unique characteristics of private investments, their risk-return profiles, and their role in diversified portfolios.Participants will gain a deep understanding of private investment structures, the dynamics between General Partners (GPs) and Limited Partners (LPs), and the investment process from deal sourcing to exit strategies. The course thoroughly examines private equity strategies, from venture capital to buyouts, alongside private debt instruments such as leveraged loans and mezzanine financing. Additionally, it covers specialized investment opportunities in distressed assets, capital structure arbitrage, and event-driven strategies.The curriculum extends to private real estate and infrastructure investments, analyzing their valuation techniques, economic drivers, and financing structures. Particular attention is given to niche asset classes like timberland and farmland, as well as the complexities of infrastructure investment lifecycles.By the end of the course, participants will have developed the analytical skills and strategic insights necessary for careers in private equity, venture capital, investment banking, mergers and acquisitions (M&A), corporate finance, corporate development/strategy, and capital markets. This course is ideal for those looking to master the intricacies of private market investing and enhance their ability to navigate the complexities of alternative asset management.
Who this course is for
This course is designed for CFA Level 3 candidates, finance professionals, institutional investors, career changers, and enthusiastic learners seeking to deepen their understanding of private markets, including private equity, private debt, real estate, and infrastructure investments, and their role in investment management.
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