Corporate Finance

Many widespread, global issues like poverty and disease remain unaddressed because governments often lack financial resources to make the needed long-term investments. But a just-released book from Columbia Business School Professor Georgia Levenson Keohane has found a solution to the financial shortfall: using innovative financing, a creative way to find more money to tackle these global challenges and encourage smarter use of resources we deploy for social change.

Columbia Business School announced the launch of its first student-led value investing portfolio, the 5x5x5 Student Value Investment Fund. The innovative fund, named for its unique structure, affords students the invaluable opportunity to connect value-oriented investment theories to real-world practice as they apply their classroom learning to the management of this fund. The fund was made possible by a generous gift from Thomas Russo, a partner at Gardner Russo & Gardner LLC.

The Richman Center brought together a panel of the authors behind the new Center for Global Enterprise book, Growing Global: Lessons for the New Enterprise.

More than 400 online attendees gleaned investing wisdom from Professors Bruce Greenwald and Tano Santos during the Columbia Business School webinar “Past, Present, and Future of Value Investing” on Monday, February 8.

The Richman Center held a discussion with Clifford S. Asness, Managing and Founding Principal at AQR, about risk and return.

In June, Charles Calomiris, the Henry Kaufman Professor of Financial Institutions, was appointed the new faculty director of the Program for Financial Studies. He succeeds Laurie Hodrick, the A. Barton Hepburn Professor of Economics, who served as founding director of the program and guided its establishment and activities since the program’s inception in 2010.

Read about what the Private Equity Program has been up to in the May 2015 issue of the newsletter. If you would like to receive the newsletter which is sent out three times a year, email the Program at pep@gsb.columbia.edu  

Through Columbia Caseworks, The Private Equity Program has published a   “Technical Note on LBO Valuation and Modeling.” The Technical Note is intended for use by practitioners and academics, including MBA students, who are learning to model leveraged buy-outs.

A big congratulations to CBS for taking both 1st and 2nd place in the ABI Corporate Restructuring Competition! The $6,000 first place was awarded to Colin McCarthy '16, Mark Reynolds '16, Wariz Anifowoshe '16 and Andrew Longley '16, and the $3,500 second place was awarded to Ari David '16, Catalin Cibu '16, Robert Dellinger '16 and Adam Yoran '16.

By Sean Epstein '04, Head of SAP Private Equity, EMEA and Emmanuel Cassimatis, Head of Small & Mid Cap Private Equity, EMEA