Florin Vasvari

Professor Florin Vasvari teaches courses on Distressed Investing as well as Private Equity and Venture Capital. He is an expert on the use of accounting information in credit markets and private equity funds. His research investigates the pricing and the role of accounting information in secondary debt markets, debt contracting issues, securitizations of syndicated loans, debt market intermediaries, bankruptcy valuation as well as private equity funds reporting practices and performance. His work on private equity includes work on ESG reporting, limited partners' private equity allocations, private equity valuation and performance measurement, private equity secondaries and aspects of risk management.

Florin has published over 20 academic articles in leading academic journals and many other articles in industry journals. He is frequently invited to present at top business schools around the world as well as academic and practitioner conferences.

Professor Vasvari currently serves as an Editor at The Accounting Review, a top journal published by the American Accounting Association. He also serves on the School’s Management Board and Finance Committee.

With Eli Talmor, he co-authored Private Capital  (vol. 1 Funds and vol. 2. Investments) in 2019. The book has been endorsed by leading figures in the private equity industry. Together with Eli, Florin has also co-authored International Private Equity, in 2011. 

 

Books

Private Captial

The growth of private capital has been astounding, leading to an unprecedented increase in the capital allocation by institutional investors and family offices around the world. It has also led to an expansion to other types of assets such as infrastructure, real estate and private credit, and subsequently to its rebranding as private capital. 

The two-volume book provides a comprehensive overview of the main topics in private capital. Volume I is devoted to fund level aspects: private capital as an asset class, fund structuring, types, performance measurement, fundraising, fund due diligence, accounting and reporting, governance, administration and tax considerations. It also covers risk management, ESG as well as special classes of funds: secondaries, credit, real estate, infrastructure and natural resources.

 

Volume II is devoted to an analysis at the investment level. It covers valuation of private companies, deal screening, acquisition finance, LBO transactions, harvesting, operation in emerging markets and more. A major part is dedicated to early-stage investing: angel investing, venture capital, accelerators, university technology transfers, crowdfunding, and more.

"Professors Talmor and Vasvari's first book quickly became a standard reference work on our industry. Their new book expands the breadth of this coverage, reflecting the rapid evolution of the alternative assets sector. By offering cutting-edge perspectives on emerging best practices, it makes itself an indispensable guide to the future of private markets." Jeremy Coller, Founder and Executive Chairman of Coller Capital

"Professors Talmor and Vasvari combine academic rigor and real world cutting edge experience to provide an insightful and detailed description of private equity today. This is a most valuable contribution to academia, the industry, and to business in general."Henry R. Kravis, Co-Chairman and Co-CEO, Kohlberg, Kravis Roberts 

"If I were to encapsulate in a single place all that I have learned in more than thirty years of international pri­vate equity investing, I could not have come close to doing as good a job as Professors Eli Talmor and Florin Vasari have done in their new two-volume book on this subject. For anyone interested in learning about the complications, as well as the potential rewards involved in this type of investing, I highly recommend Private Capital." David M. Rubenstein, Co-Founder and Co-Executive Chairman of The Carlyle Group

"Professors Talmor and Vasvari provide a rigorous and comprehensive treatment of private equity, including a look at important developments in the private capital market not covered in-depth elsewhere." Stephen A. Schwarzman, Co-Founder, Chairman and CEO of The Blackstone Group

"Professor Talmor and Professor Vasvari's book provides a comprehensive analysis and practical guide to the expanding world of private capital. Integrating a review of best business practice with academic insight and rigour, this text is an excellent handbook for anyone interested in this exciting asset class, whether they are a student or an experienced professional." Helen Steers, Head of Europe, Pantheon