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Private capital, real estate, and infrastructure

Alternative investments · Lesson 2 of 3

Lesson 2 of 3

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Lesson 2 of 3 · Alternative investments

Private capital, real estate, and infrastructure

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describe private capital investments and distinguish among venture capital, growth equity, buyouts, private debt, and other common private market strategies
explain the private capital investment process, including capital commitment, capital calls, distributions, lockup features, fund life, and the role of the general partner and limited partners

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calculate and interpret basic private capital performance measures and cash flow patterns, including committed capital, invested capital, distributed capital, residual value, and internal-rate-of-return-style outcomes

describe the major forms of real estate investment, including direct real estate, private real estate funds, and publicly traded real estate vehicles such as REITs, and compare their liquidity, income, and diversification characteristics

explain the main sources of real estate return and risk, including rental income, lease structure, operating costs, capital appreciation, leverage, vacancy, and property market conditions

describe infrastructure investments and distinguish among infrastructure equity and debt, greenfield and brownfield projects, and regulated versus user-pay assets, including their typical cash flow and risk characteristics

evaluate the key valuation and risk considerations for private capital, real estate, and infrastructure, including leverage, appraisal-based valuation, illiquidity, cyclicality, and manager selection

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