Event Overview 

This comprehensive course provides a deep dive into the Private Equity (PE) and Venture Capital (VC) industry, focusing on Singapore’s rapidly expanding asset management sector (growing at 12% p.a. to over SGD 5 trillion AUM). It covers the fundamental architecture, ecosystem players (GPs, LPs, service providers), fee structures, fund lifecycles, and regulatory frameworks unique to Singapore. The curriculum progresses from core concepts (closed-ended funds, LP/GP dynamics, carried interest) to specialized operations (NAV mechanics, investor onboarding, drawdowns, expense management, waterfall structures), Singapore-specific regulations (VCCs, fund management regimes, exemptions), accounting standards (US GAAP/IFRS for carried interest, consolidation, IFRS 9/13), and advanced valuation techniques (IPEV guidelines, DCF, multiples, liquidity discounts)

Event Outline: Private Equity & Venture Capital Fundamentals

Module 1: Foundations & Ecosystem (Introductory)

*   Overview of Investment Funds & Singapore's Growth Context (12% p.a., SGD 5T+ AUM)

*   Characteristics & Operations of Closed-Ended Funds

*   PE/VC Industry Ecosystem: Key Players (GPs, LPs, Service Providers)

*   LP-GP Relationship Dynamics

*   Distinctions between PE & VC Fund Strategies

*   Fee Structures & Common LP Terms

*   Introduction to Fund-of-Funds

Module 2: Fund Mechanics & Strategies (In-depth)

*   Detailed PE/VC Fund Strategies

*   Fund Lifecycle: Launch, Investment, Management, Exit

*   Carried Interest & Profit Participation Mechanics

*   Private Credit & Distressed Debt Funds: Characteristics & Differences

*   Roles & Fiduciary Duties: GP, Investment Committee, Advisory Committee

Module 3: Singapore Regulatory Landscape (Regulatory)

*   Singapore's Fund Framework: Authorized, Restricted, Exempt Schemes

*   Investor Classifications in Singapore

*   Fund Management Company (FMC) Regimes

*   Exemptions (e.g., Single Family Offices, Real Estate Funds)

*   Fund Structures Comparison: Unit Trusts, LPs, Singapore Companies, VCC

*   Comparative Regulatory Overview of Key Jurisdictions

Module 4: Fund Operations (Operations)

*   Net Asset Value (NAV) Calculation & Components

*   Functional & Operational Architecture of a PE/VC Fund Manager

*   Investor Processes: Onboarding, Subscription, Drawdowns, Expense Mgmt.

*   Waterfall Mechanics for Closed-Ended Funds

Module 5: Accounting & Financial Reporting (Accounting)

*   Accounting Frameworks & LP Agreement Provisions

*   Recap: Lifecycle & Fees

*   Accounting for Drawdowns, Closings, Equalization, Rebalancing

*   Carried Interest Accounting (US GAAP & IFRS)

*   Consolidation Concepts & Exemptions

*   Debt/Equity Accounting Treatments

*   Key Standards: IFRS 7, 9, 13 Applications

*   Typical Financial Statement Disclosures

Module 6: Valuation Principles & Practice (Valuation)

*   Fair Value Concepts (Accounting Standards vs. IPEV Guidelines)

*   Valuation Methodologies: Recent Transactions, Multiples, Income Approach, DCF, NAV

*   Valuation Policy Design & Decision Trees

*   Fair Value Challenges & Practical Difficulties

*   Using Comparables: Discounts (Marketability, Liquidity)

*   Fund-of-Funds & Side Pocket Valuation

*   Addressing Liquidity Issues

Key Takeaways:

Attendees will gain a comprehensive, practical understanding of:

1.  The core structure, players, and economics (fees, carried interest) of PE/VC funds.

2.  The complete fund lifecycle from launch through operations (NAV, drawdowns, waterfalls) to exit.

3.  Singapore's specific regulatory environment (VCCs, FMC regimes, exemptions) and key global frameworks.

4.  Critical accounting standards (IFRS/US GAAP) for transactions, carried interest, consolidation, and financial reporting.

5.  Robust valuation techniques (IPEV compliant), methodologies, challenges, and practical applications.

Who Should Attend:

*   Fund Professionals: New Analysts/Associates, Operations, Finance & Accounting staff at PE/VC firms, Fund Admins.

*   Investors: LP Representatives (Pension Funds, Insurers, Family Offices, HNWI Advisors).

*   Advisors: Accountants, Auditors, Tax Advisors, Legal Counsel serving the funds industry.

*   Service Providers: Professionals from Fund Administration, Custody, Banking, and Technology firms supporting funds.

*   Regulatory & Compliance: Professionals monitoring or working within the funds regulatory landscape.

*   Career Changers/New Entrants: Individuals seeking foundational knowledge to enter the fast-growing Singapore PE/VC sector.