Course

Private Equity and Venture Capital | Learn from those who do it

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Event Details

Training period

From 02/03/2026 to 31/03/2026

Mondays and Tuesdays from 7pm to 10pm

Target audience

Designed for professionals who wish to work in venture capital and private equity firms, accelerators, startup and M&A consultancies, investment professionals and analysts who want to understand the unique aspects of the Brazilian alternative asset industry, entrepreneurs who want to understand the mindset of investors, regulators, academics, and lawyers who advise on private investment transactions.

Benefits

• Course taught by experts in the venture capital industry who deal with operations on a daily basis, bringing a wealth of detail and diverse experiences;

• Networking with leading professionals; Practical knowledge of the tools used by alternative asset managers.

• A 360º view of the long-term investment process, with a step-by-step guide from structuring a fund to exiting the investment;

• Practical tips from those who have conducted and continue to conduct the most successful VC and PE operations;

• A comprehensive overview of the VC and PE industry, the new applicable regulations, and industry participants, along with their respective responsibilities;

• Investor mindset regarding alternative assets;

• Study of successful case studies;

• Presentation of participants' CVs to ABVCAP's associated managers.

Agenda

7:00 PM – 10:00 PM

Module 1 – Introduction to Private Equity and Venture Capital

• PE and VC in the investment universe
• Benefits of PE/VC in theory and practice
• Risks vs. returns of the asset class
• Industry history
• Stages of equity investment (Seed, VC, Growth, PE, Public equities)
• Benefits of PE/VC in theory and practice
• Basic introduction to market participants: asset managers, investors, distributors, regulators
• Main Features
• Key PE and VC figures in Brazil

7:00 PM – 10:00 PM

Module 2 – Private Equity Investments (growth and buyout)
 
• Overview of growth and buyout segments
• Size of each segment
• Key players • Overview of returns
• Company profiles and main sectors sought
• Phases of the investment process
• Valuation and methodologies (overview of a DCF)
• Concepts: primary and secondary investment • Aspects of financial, legal, and operational/commercial due diligence
• Contractual terms of an investment
• Basic aspects of corporate law and the Brazilian Corporations Law
• Practical cases and examples
• Common mistakes • Building a PE portfolio (diversification, number of positions, follow-ons)

7:00 PM – 10:00 PM

Module 3 – Venture Capital Investments
 
• The differences between the VC and PE markets
• VC history and expected returns
• The role of VC in the development of the technology industry, in Brazil and worldwide.
• Company profile and analysis (metrics, vital signs, base rate and valuation)
• The VC ecosystem in Brazil, its development and opportunities
• The different types of players in the market
• Building a VC portfolio
• The investment process and due diligence in VC
• Mistakes and successes along the way
• Practice – group exercises
• Discussion about companies of

7:00 PM – 10:00 PM

Module 4 – Valuation – Part 1
 
• Projection of revenues, costs and expenses
• Projected balance sheet and cash flow
• Valuation methodologies
Discounted cash flow, cost of capital
• Multiple markets and applications

7:00 PM – 10:00 PM

Module 5 – Valuation – Part 2
 
• Projection of revenues, costs and expenses
• Projected balance sheet and cash flow
• Valuation methodologies
Discounted cash flow, cost of capital
• Multiple markets and applications

7:00 PM – 10:00 PM

Module 6 – Valuation – Part 3
 
• Practical case study of company valuation
• Financial model and discounted cash flow live in class

7:00 PM – 10:00 PM

Module 7 – PE/VC Fund Structures and Fundraising
 
• Investment vehicles used
• Structure and operation of the FIP
• Service providers
• Terms, deadlines and cost details
• Typical economics of a PE/VC fund for the manager and the investor.
• Manager's capital commitment (GP commitment)
• Best practices in structure and terms
• Stages of the negotiation process
• MoU (key terms)
• Due diligence
• Investment Agreement (main clauses)

7:00 PM – 10:00 PM

Module 8 – Asset Allocation; Selection and Monitoring of Managers; Return Metrics and Indicators
 
• Ways to obtain exposure to PE/VC
• Institutional approaches to allocation: Endowment Model (Yale/Swensen)
• Funds, FoFs, (direct investments, direct investments)
• PE/VC in the portfolios of different investor types (Institutional, Pension Funds, Family Offices, Individuals)
• Building a portfolio of PE/VC funds
• Comparison with developed markets
• Crops, geographies, sectors, exposure limits
• Manager Selection Process
• Origination, Analysis, Due Diligence, Indicators, Monitoring
• Return Metrics (IRR, MoC, PME). Advantages and limitations
• Main indexes (Cambridge, Pitchbook)

7:00 PM – 10:00 PM

Module 9 – Value Generation and Exit Strategies
 
• Levers for generating return
• Operational improvements
• Organic growth
• M&A Opportunities
• Corporate governance: boards, strategic committees
• Decomposition of historical returns
• Details of exit strategies
• Strategic sales
• Sale to PE funds
• IPO / Direct Listing
• SPAC
• Statistics on historical departures from Brazil and abroad

7:00 PM – 10:00 PM

Module 10 – Workshop 1 – Real-World Private Equity Case Study

7:00 PM – 10:00 PM

Module 11 – Workshop 2 – Real-World Venture Capital Case Study

Documents

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