The students are required to prepare the main body of a PE investment strategy. They will select 5 companies on the London Stock Exchange they wish to take private via a Public to Private offering. They will explain why they selected these companies and how they fit together in their fund. They will then explain how they value these companies and why they think they can do better with them. They will show the risk management strategy chosen for this combination of companies. They will take one company and describe how they will add value over the next 5 years of ownership. They will then explain the most likely exit strategy for this company and how they approach this.

- Executive Summary;

-     Fund outline: Please detail here how large the fund is, what structure it takes and how much money you will invest, keep in reserve for further development.

- Investment Thesis: Explain what the thesis is behind the portfolio. Here you go into the details of sector, size, geography considerations. You explain why this sector or size of company makes sense and how you think you can be a better owner of these companies than the public markets.

- The five selected companies: Here you set out the five public companies you have selected and why these are your choice. You describe their historic returns, risk and Beta and how their risk profile looks.

- Risk management approach and Portfolio structuring strategy; You explain based on the previous section how you ensure your portfolio is structured with respect to the risk factors of the companies you have selected. How do you make sure the portfolio as a whole does not run into trouble as all companies have the same risk exposure. It is important that you go into the details here of the capital structure applied to the companies you acquire. You have used the equity of the fund and will use debt of