Private Capital Markets Update Survey Results of the Last Uncharted Capital Markets

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Rob Slee, Author, Private Capital Markets Featured Speaker at the AM&AA Summer Conference July 20-22, 2010, Chicago Hilton, Chicago, IL

Author: Robert T. Slee

Private Capital Markets

“The surveys provide first-ever empirical evidence of the investing behavior of institutional private capital providers.

Robert T. Slee, author of Private Capital Markets, the first book of its kind dedicated to explaining the behavior of players in private markets will provide an illuminating update on Private Capital Markets at the AMAA Summer Conference in Chicago on July 20 from 1-4 PM at the Chicago Hilton.

Slee’s presentation will describe the results of the Pepperdine Private Capital Markets project that he architected in early 2009. Slee and others spent the past 18 months creating and then implementing the three largest surveys ever of the U.S. private capital markets. Slee partnered with Pepperdine University in 2009/2010 to survey banks, asset-based lenders, mezzanine, private equity, venture capital, hedge funds, business owners and other capital providers.

According to Slee, “The surveys provide first-ever empirical evidence of the investing behavior of institutional private capital providers. Specifically, we finally understand cost of capital for private companies, which is important because companies do not create value until they achieve returns on capital greater than their cost of capital. Slee claims that 80% of private companies are not creating value, which greatly threatens the U.S. economy going forward”.

Slee’s presentation will include a review of the key findings of the Pepperdine Private Capital Markets Surveys, plus focus on the new discount rate model he created called the Private Cost of Capital (PCOC) Model. Slee expects the PCOC model to become the prevalent way by which risk will be quantified in the private markets.

This educational session provides 3 hours of CPE credit.

History
In 2004, Rob Slee wrote, Private Capital Markets: Valuation, Capitalization, and Transfer of Private Business Interests (Wiley). This book launched the new field of study called Private Finance, which is now taught around the world. Slee established a theoretical framework by which to examine the opaque private capital markets. In this book, Slee made the point that private capital markets contain millions of companies and generate the majority of the U.S. employment and GDP. He further asserts that private capital markets are unique and not adequately described by corporate financial theory, which is what has been taught in business schools for more than 30 years.

About Rob Slee    
Slee is a core instructor of the AMAA's Certified Merger & Acquisition Advisor (CMAA) program. Private Capital Markets: Valuation, Capitalization, and Transfer of Private Business Interests (Wiley) is one of the textbooks for the course.

He has authored more than two hundred articles on private finance topics in a variety of legal and business journals. He has written two other books: Midas Managers in 2007 and Midas Marketing in 2009. Slee has owned equity positions in a variety of mid-sized private businesses. He is a board member of numerous professional associations and private companies. A Phi Beta Kappa graduate of Miami University, he received a Master's degree from the University of Chicago and an MBA from Case Western Reserve University.    

CMAA Certification (Certified Merger & Acquisition Advisor)
The AMAAs Certified Merger & Acquisition Advisor (CMAA) certification is the premiere advanced professional credential available to today's business advisory professionals. The CMAA training program, along with continuing education is designed to help M&A professionals take their professional and leadership competencies to a new 'gold standard' level of excellence and to help business clients select a financial advisor of the highest caliber.

AMAA Conference, July 20-22, 2010, Chicago Hilton, Chicago, Illinois
The AMAA Summer Conference, July 20-22, will feature two full days of education from industry experts on issues related to the current financial climate. In addition, the conference will include an enhanced and extended, day-long Transaction Exchange. Hundreds of leading intermediaries, investment bankers, private equity professionals, as well as attorneys, CPA’s, business advisory firms and corporate development professionals are expected to participate.

To view the AMAA Summer Conference Brochure visit:
http://www.amaaonline.com/files/Summer%202010%20Conference%20Brochure.pdf

About AMAA (Alliance of Merger & Acquisition Advisors)
The AMAA is the leading association and credentialing body for middle market M&A professionals. Our leadership and people have unrivaled multidisciplinary expertise in the financial services industry. AM&AA members represent sellers and buyers of businesses ranging from $5 to $500 million in transaction value. Their services are due diligence, accounting financing, business valuation, tax planning legal, strategic, other advisory and transaction support services.

Contact:
Diane Niederman
Alliance of Merger & Acquisition Advisors
877-844-2535
312-856-9590
312-729-9800 Fax
http://www.amaaonline.org

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Diane Niederman

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