This all-in-one Private Equity course by CFA Steve Balaban provides a complete framework for understanding the private equity industry. Learners begin with the basics of private equity, including why firms use it, the difference between private and public equity, and who invests in private equity. Core concepts such as IRR, MOIC, Waterfall structures, Clawback provisions, Capital Calls, Subscription Lines of Credit, and Committed Capital management are explained in detail.

The course also covers deal sourcing, due diligence, and exit strategies, including IPOs, trade sales, secondary buyouts, and strategic acquisitions. Advanced topics include Management Buyouts (MBOs), SPACs, Fund of Funds, Long-Life Funds, and the J-Curve effect, highlighting fund cash flow mechanics and risk management. Learners explore global markets, such as Europe, Japan, Central & Eastern Europe, and the Middle East, while analyzing case studies from sovereign wealth funds, mega-funds, and family offices.

Additional lessons focus on private equity secondaries, private debt, NAV loans, PIK loans, Collateralized Fund Obligations, and regulatory impacts, giving learners a practical understanding of fund operations and investment strategy. By the end of this course, participants will be equipped to analyze investment opportunities, evaluate fund performance, and apply best practices across the global private equity landscape.