Harry Cendrowski & James P. Martin 
Private Equity [PDF ebook] 
History, Governance, and Operations

Praise for Private Equity
‘Private Equity: History, Governance, and Operations is
an invaluable guide to understanding the world of private equity
investing. Harry Cendrowski and his colleagues have drawn on their
extensive experience and expertise to produce a book that is
remarkably comprehensive and authoritative.’
–Robert Larson, Chairman, Lazard Real Estate Partners
LLC and Larson Realty Group Managing Director, Lazard Alternative
Investments
‘Private Equity: History, Governance, and Operations is
an essential text for any business/finance professional’s library.
Applicable to both seasoned private equity gurus and students of
the industry, its in-depth analysis of ‘Best Practices’ is well
researched and clearly written.’
–William Campbell, Managing Director, W.Y. Campbell
& Company
‘This is an interesting and very well-written book. It not only
clearly describes the history and techniques of private equity
investing, it also provides a thorough examination of the rarely
appreciated relationships among internal control design and
operation, corporate governance and sound investment
decision-making and management. It is an important contribution to
the literature of finance.’
–Barry Epstein, Ph D, CPA, Partner, Russell Novak &
Company, LLP, and author of Wiley GAAP 2008, The Handbook
of Accounting and Auditing, and Wiley IFRS 2008
‘Harry Cendrowski really hits a homerun with his newest book
about the private equity (PE) industry. A definitive, authoritative
text on the subject, it answered all my questions, plus some, and
gave me a complete frame of reference where I now feel well
informed on PE. I would recommend this book to anyone connected to
the PE industry, business advisors, academics, and business
owners.’
–Parnell Black, MBA, CPA, CVA, Chief Executive
Officer, National Association of Certified Valuation Analysts
(NACVA)
‘The timing could not be better to learn more about the current
best practices and governance in the world of private equity. What
was once an exclusive asset class reserved for the largest, most
sophisticated investors has now become a mainstream alternative
investment option for investors of all sizes. Still, many investors
do not fully understand how the business works. Private Equity:
History, Governance, and Operations endows its readers with an
A-to-Z education on this emerging asset class, irrespective of
their previous experiences.’
–Maribeth S. Rahe, President and Chief Executive
Officer, Fort Washington Investment Advisors, Inc. & Fort
Washington Capital Partners
‘As a private equity practitioner in the financial services
space, I found this book to be a comprehensive-and
comprehendible-resource covering all relevant aspects of the
business of private equity. This book provides valuable ‘how-to’s’
for improving the likelihood of having successful portfolio
companies, with successful exits. Furthermore, both veteran and
prospective PE investors now have a resource available to help them
screen PE opportunities that best fit with their risk and return
objectives.’
–Scott B. Mc Callum, Principal, Resource Financial
Institutions Group, Inc.
‘For years, private equity has been a misunderstood asset class.
Harry Cendrowski’s book defines private equity in clear, concise
terms. Anyone in the financial world will benefit from the
insights, guidelines, and experiences detailed in Private
Equity: History, Governance, and Operations.’
–Bob Clone, Senior Portfolio Manager, Alternative
Investments Division, Michigan Department of Treasury

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