Sacred Heart University News
PRIVATE EQUITY & OTHER ALTERNATIVE ASSET CLASSES
OCT 1–NOV 14
Chamber of Commerce
LPEA & SHU PARTNERSHIP
The Luxembourg Private Equity & Venture Capital Association (LPEA) and the Jack Welch College of Business & Technology at SHU have joined forces to create a business certificate for Luxembourg professionals, specifically designed to focus on Private Equity: The Private Equity Business Certificate Program.
Together, the LPEA and SHU developed a comprehensive curriculum that offers a unique opportunity to deep-dive into Private Equity and Venture Capital.
EDUCATION AND KNOWLEDGE ARE KEY PILLARS OF LPEA’S MISSION
This initiative with the Jack Welch College of Business & Technology is the first of a long-term development in Luxembourg that aims at enhancing the skill set of newcomers and current practitioners in Private Equity and Venture Capital, while embracing the University’s “Learn Today, Apply Tomorrow” mission.
JOIN OUR FLAGSHIP COURSE:
PRIVATE EQUITY & OTHER ALTERNATIVE ASSET CLASSES
You’ll gain first-hand insight from seasoned professionals and experts on how best to apply what you learn,
into your current business or future career.
REGISTRATION DEADLINE: OCTOBER 1, 2019
DOWNLOAD COURSE SYLLABUS
Send download link to:
DIVE INTO PRIVATE EQUITY AND VENTURE CAPITAL
Private Equity is one of the best performing asset classes.
Over the past decades, the industry has consistently grown to exceed €4 trillion in assets under management. Those distributions, combined with the poor performance and volatility linked to traditional asset classes, have driven a number of new investors to enter the Private Equity world.
Luxembourg is one of the most popular jurisdictions for private equity and venture capital. Whilst historically a local presence in Luxembourg was limited mostly to smaller and/or emerging General Partners, many large international houses have set up and conducted business out of Luxembourg since the middle of the last decade with a considerable and growing local substance.
The Alternative Investment Fund Managers Directive (AIFMD) introduced new organizational requirements and specific disclosure rules regarding AIFMs managing AIFs which acquire control of non-listed companies and issuers. Focus shifted from well-known product regulation to manager regulation.
The alternative investments industry accepted the challenge and is governed today by a framework that is eligible to develop into a brand, just as the UCITS Directive.
PE managers appreciate Luxembourg's business friendly environment and they have embraced the introduction of the Reserved Alternative Investment Fund (RAIF), which completed the Luxembourg investment fund toolbox by a manager-regulated alternative fund.
In a fast changing environment, the industry is however facing challenges of an economic and regulatory nature. While Luxembourg has been active in the Private Equity field for more than two decades, until recently very few large investment vehicles were established there. In this new paradigm, the appetite for the Luxembourg fund structuring toolbox has increased beyond expectations. The diverse range of vehicles, from unregulated to regulated products, together with the asset class expertise developed over the years within the professional community and the CSSF are key factors of this collective success.
This shift is driving a strong demand for skilled employees who understand how the industry operates in its entire value chain—from fund structuring through to operations and exits.
The Private Equity & Other Alternative Asset Classes course and the Private Equity Business Certificate Program aim to meet the growing demands of the industry by delivering both engaging and challenging courses, providing participants with tailored curriculum and professional insights to develop new skills and knowledge directly applicable to the day-to-day business operations.
REGISTRATION DETAILS - REGISTRATION REQUIRED
- Standard Price: €950 (EUR)
- REGISTRATION DEADLINE: OCTOBER 1, 2019
- REGISTER ONLINE – REGISTER NOW
When you are ready to register, access the online registration system HERE.
- Partial Payment is due upon registration. Participants will be invoiced separately for the remaining fee balance. Your space is secured upon receipt of full payment.
- Price includes learning materials and processing fee.
DATES & TIMES
OCT 1 – NOV 14 | 13 CLASSES | 3 HOURS/CLASS | 2 CLASSES/WEEK
WHAT YOU WILL LEARN
This course will provide an overview of the main approaches, structures and actors in Alternative Assets and specifically Private Equity. With well-known on the ground practitioners the elements of a successful Private Equity Fund will be described and discussed in detail.
The course will specifically address:
- Alternative Asset Strategies such as Venture Capital, Leveraged Buyout, Real Assets and Private Debt.
- The fundraising, investment and portfolio management of Private Equity funds.
- Legal and tax aspects of selecting and setting up Private Equity vehicles.
- The exiting and performance measurement and reporting for Private Equity funds.
- Grasping the Big Picture.
- Introduction to the Private Equity market in Luxembourg.
- Overview of different elements of a successful operation of a Private Equity fund.
- Understand the opportunities and functioning of the Alternative Asset classes and the Private Equity market.
- Lectures by and discussion with specialized practitioners of Alternative Asset market segments.
- Lecture-based teaching method with interactive in-class discussions.
(Basic preliminary studies, i.e. via internet, would be helpful.)
- Practitioners such as fund managers, lawyers, auditors, tax advisors and other service providers to the industry will share their knowledge and experience and discuss theoretical and practical challenges of their specialization.
- Participants will be required to participate actively in the class discussions.
- Team Project: Your Private Equity/Alternative Asset Fund
Participants will be split into teams the start of the course. The project will aim at simulating a real-life launch of an alternative fund using the topics covered throughout the course, and displaying that you understood the “Big Picture”. Participants will showcase their findings and fund in final pitch presentation.
Faculty will be available throughout the course to provide feedback and advice.
- Grading will be based on discussion participation and the Team Project.
- Participants learn to recognize how they can use material in the context of their own organization and apply concepts in their professional environment of future career.
- A diverse set of perspectives across industries, professional experiences and academic disciplines: participants come from a variety of backgrounds and companies, ensuring exposure to a broad range of learning experiences.
- This courses is academically accredited at the graduate level.
- Credits earned may be applied toward the Private Equity Business Certificate or the MBA Degree.
WHO SHOULD ATTEND?
This course is designed as overview/introduction to Private Equity/Alternative Assets with more detailed and specialized discussions of the alternative asset universe.
- Financial sector professionals with an interest to develop in Alternative Assets and Private Equity.
- Individuals aspiring to start a career in the Alternative Assets and Private Equity markets.
- Professional AND Individuals looking to expand their understanding of Private Equity.
- Basic prior understanding of Private Equity and finance concepts will be helpful for this course, but is not a “must-have”.
(Basic knowledge can be obtained via prior self-studies.)
Experts in the Private Equity and Venture Capital field, including fund managers, lawyers, auditors, tax advisors and other service providers to the industry will share their knowledge and experience and discuss theoretical and practical challenges of their specialization.
DOWNLOAD COURSE SYLLABUS
Send download link to:
CLIENT CENTRICITY IN THE 21ST CENTURY
Legitech Fall 2019 Workshop Cycle-Executive Education with SHU
Building & Nurturing Client Relations
High Impact Presentations
Conflict Resolution Development
Client Relationship Development
Chamber of Commerce
Legitech and the Jack Welch College of Business & Technology, department of Executive Education, have developed 5 workshops that will inspire professionals and practitioners looking for skills to build and nurture client relations in the legal, fiscal and accountancy domains.
9-Oct-19 | Digital Marketing
Instructor: Benedikt Jonas
Understanding rapidly evolving world of internet marketing, changes in consumer behaviour and opportunities, problems, tactics & strategies associated with internet-specific marketing tools in the legal and consultancy environment. Introduce participants to various digital channels, their advantages and ways of integration.
- Price: €445
16-Oct-19 | High Impact Presentations
Instructor: Esther Celosse
Delivering presentations with confidence & impact in the legal community and environment. This workshop identifies & explains the secrets to high impact delivery presentations and provides the context to put the learnings into practice. Adapted to legal & consultancy environment.
- Price: €445
13-Nov-19 | Conflict resolution & Assertiveness
Instructor: Keith Amoss
Standing your ground (in the client relationship) in the legal environment. This workshop aids the development of awareness & approach to detect, avoid & manage potential conflict situations within the legal environment. Focusing on reinforcing key efficient communication behaviors that work across a wide range of business & organizational situations.
- Price: €445
20-Nov-19 | Client Relationship Development
Instructor: Olivier Hance
Growing & maintaining Client Relationships in the legal environment. This workshop gives an overview of the key elements of client relationship management, recognize & address potential threats to existing relationships and how to develop fruitful existing & new relationships. Adapted to participants working environment.
- Price: €445
11-Dec-19 | Innovation Management
Instructor: German Castignani
Understanding Innovation Management. Guiding participants through the innovation process, from invention disclosure up to successful commercial transformation. Open innovation & co-development strategies will be included, likewise strategies for protection & licencing of intellectual property. This workshop develops the awareness & approach to assist clients in their innovation process and at the same time, stimulates the participant to set innovation in their own agenda.
- Price: €445
- Learn today, apply tomorrow.
- Living this graduate level educational experience will enhance your career opportunities by developing your skills and abilities.
- Participants will receive a proof of recognition (Certificate of Attendance) dated and signed by both Legitech and the Jack Welch College of Business & Technology.
Who Should Attend?
- All workshops will be adapted to the need of the specific environment of the participants and can be (re)designed for in-house purposes or open-registration purposes.
3 Hours (09:00-12:00)
English or French
Chamber of Commerce in Kirchberg.
Parking available on site. Easy access by tram, bus and vel’OH!
For more information and registration: www.legitech.lu/shucycle
Princeton Review Puts SHU Students Among Nation’s Happiest
The Sacred Heart University community hasn’t been exaggerating about its cheerful, generous and door-holding students. They are the real thing, and there’s proof—again.
According to The Princeton Review, SHU is not only one of the best 385 colleges and universities in the nation for undergraduates to earn their degrees, it is also home to happy students who give back. Out of 20 schools from across the country, SHU ranked 10th for “Happiest Students,” (up seven spots from last year) and 13th for “Students Most Engaged in Community Service” (up six spots from last year).
It’s wonderful to have this affirmation that our students enjoy Sacred Heart. They also understand the importance of volunteering and helping those in need. Many of our students spend their winter, spring and summer breaks on mission trips working with nonprofits to better the lives of families and children near and far. Social justice is a key piece of SHU’s mission, and our strong tradition of community service is an expression of that. This recognition of our students is well deserved.
Kevin O’Sullivan, Executive Director of Admissions, said the “Happiest Students” rank is a testament to the University’s commitment to providing students with first-class facilities and experiences,
This ranking confirms that we identify and meet students’ needs, allowing them to learn and thrive.
Kevin O’Sullivan, SHU Executive Director of Admissions
The Princeton Review company profiles and recommends SHU in the 2020 edition of its annual guide, The Best 385 Colleges. It selects only about 13 percent of America’s 3,000 four-year colleges and universities to profile, based on data it annually collects from administrators about their institutions’ academic offerings. The Princeton Review also considers data it gathers from surveys of college students who rate and report on various aspects of their campus and community experiences.
Responses from SHU students who answered The Princeton Review survey included, “We all hold doors for each other, help each other out, and look out for one another.” They described the student body as “one of the most tight-knit groups of people” to which they have ever belonged. Students also said the University offers “unique and amazing” internship and job opportunities,” professors are “enthusiastic, encouraging and helpful” and they appreciate that faculty members “allow students to engage with their research which then will allow kids to get published.”
We salute Sacred Heart University for its outstanding academics, and we are truly pleased to recommend it to prospective applicants searching for their personal ‘best-fit’ college,
Robert Franek, Editor-In-Chief & Lead Author of The Best 385 Colleges, The Princeton Review
The Princeton Review’s school profiles and 62 ranking lists in The Best 385 Colleges are posted at www.princetonreview.com/best385.
Written by Michael D. Herley., DBA in finance candidate at Sacred Heart University in Fairfield, Connecticut (US).
Published by Delano™ and Maison Moderne™
Sacred Heart University Luxembourg recently welcomed some of its Fairfield, Connecticut (US) DBA students, who visited a number of local institutions and professionals. Michael Herley writes about his experience on the trip.
Even though the EU is a nonfederated political and economic union, it felt more like an undiscovered country as I read more than 30 scholarly articles on the union in preparation for a weeklong doctoral seminar on European financial stability in Brussels and Luxembourg. I thought perhaps this was because it was my first trip to Europe.
The doctoral seminar kicked off at the Luxembourg Chamber of Commerce with a presentation that focused on Luxembourg’s geographic advantage in close proximity to major European markets and the government’s agility in attracting business. No doubt these features contribute to Luxembourg’s per capita GDP of approximately $104,000, which is roughly 75% higher than the GDP per capita in the US as of 2017—a fact I suspect would surprise many back home.
Another shining aspect of the doctoral seminar was being immersed in the rich history of Europe, Luxembourg, and Brussels, including visits to cultural centers and historic sites, and dining on exquisite cuisine. It was equally impressive to see how environmentally conscious European society is and how clean the air was in both cities. I particularly enjoyed the biodegradable wooden comb my hotel provided, which is not something typically found at US hotels.
This commitment to the environment was further brought to bear during our meeting with European Investment Bank’s civil society officer, who explained how this organization was the largest lender for actionable climate investments in the world and the largest issuer of green bonds.
Coming out of a presentation at the Banque centrale du Luxembourg a couple of days later, I certainly felt like a million euros. Senior representatives from the central bank focused on the importance of financial stability and emphasized the benefits of having a more unified macroprudential policy stance across the 19 EU countries that have adopted the euro, including placing more financial tools under the purview of the European Central Bank. It certainly will be interesting to watch how these policies evolve as unforeseen economic challenges undoubtedly arise.
Throughout our discussion with representatives from the European Stability Mechanism, I struggled a bit, however, to grasp the willingness of the EU to bail out Greece and other countries during the sovereign debt crisis of 2010. Despite the federal deficits in the US, most states are in reasonably good financial shape, and it’s hard to imagine our federal government bailing out one that was on the brink of insolvency.
Now, notwithstanding the fact that the EU is not a “United States of Europe,” its economic integration has modeled certain aspects of the US system—though I surmise it was easier to bring together the 13 original American colonies in pursuit of a more perfect union than the current members of the EU, all of which are long-standing, independent countries with distinct cultures and political and economic systems. We Americans still like to talk about the “Spirit of 1776” and the success of the American experiment. History, too, will to be the judge of the European experiment currently underway.
Unfortunately my terrific week in Luxembourg and Brussels had to come to an end, but not without a capstone presentation at the European Commission (EC) headquarters led by Dr. Vinhas de Souza, head of the economics team of the European Policy Strategy Centre at the EC; Jan Vandenberghe, policy coordinator and trade negotiator for EU-US trade relations at the EC; and Christophe Manet, deputy head of division for China, Hong Kong and Taiwan at European External Action Service. I will admit that I did not fully agree with their perspectives on trade negotiations with the US, but it was an incredible opportunity to hear the European perspective, and I was equally impressed by both the passion and conviction of the presenters. In many ways it felt as if I were living in history as these negotiations continue to play out in the global arena.
During my visit I learned much about the EU’s structure, international finance, and what the EU hopes to achieve in the years ahead, and, despite any shortcomings in the EU structure or early blind spots, it has provided for the longest period of peace among EU members, which alone is history.
I soon headed home, recognizing that I was now a much richer person than when I first arrived in Europe.
International Business Leader is New WCOB Dean
Martha J. Crawford will be the new dean of the Jack Welch College of Business (WCOB) at Sacred Heart University, effective August 5. She has both a business and academic background, having served as senior vice president of Research & Development for several multinational companies (Air Liquide, Areva and L’Oréal) based in France. In those roles, she fostered technological innovation, sponsoring internal innovators, coaching and helping to develop tech startups with VC partners and creating new startups with innovation partners.
In 2016, after living and working in France for 20 years, Crawford repatriated to the United States to accept a teaching position at the Harvard Business School. Since 2016, she has taught the MBA core-curriculum course, “Leadership and Corporate Accountability,” which covers legal and ethical aspects of corporate responsibility. In addition, she developed a course—“21st-Century Energy”—that was nominated in 2019 for a national prize by the Harvard Business and Environment Initiative.
Crawford is a resident of Cambridge, Mass. She earned her master’s degree in business administration from the Collège des Ingénieurs in Paris in 1998. Prior to that, she received her MS and doctorate degrees in environmental and chemical engineering from Harvard University (School of Engineering and Applied Sciences) in 1994 and 1997 respectively.
Crawford is excited to lead the growing College of Business at Sacred Heart,
I look forward to helping transform West Campus into a regional center of excellence for teaching entrepreneurship and innovation with state-of-the-art teaching and research facilities, co-working space, start-up accelerator and incubator space and joint innovation programs with industrial partners. I also look forward to building or reinforcing academic bridges and degree program with other SHU colleges. This will help prepare students to thrive in an increasingly complex world that requires interdisciplinary knowledge and skills.
Crawford said the creativity and boldness of the SHU senior leaders enticed her away from the Harvard Business School where she has been very happy.
I was impressed with their putting the School of Computer Science and Engineering within the College of Business and acquiring the former GE headquarters to build out an innovation campus that will become an important platform for business growth in the region. During my interviews, I was excited by the sense of mission, energy and the capacity to embrace change. I look forward to working with the team at SHU, and I believe my former C-suite experience managing R&D, intellectual property and innovation partnerships for multi-national companies has given me the skills and network necessary to help the WCOB achieve its goals.
SHU’s mission is also important to Crawford.
My parents taught us that we had to give back to society in proportion to our capacities—that we need to use our resources to create value, reinforce our communities and help make the world a better place. A tour of campus with my daughter (a rising high school junior) and interaction with several students convinced me that SHU is teaching that same philosophy and equipping students to make a positive difference. That resonated with me.
“We are excited to welcome Martha to the SHU community. We believe she is the right person to actualize our vision of integrating business and technology education—something that began with the move of the School of Computer Science & Engineering into the College of Business,” said Rupendra Paliwal, Provost & Vice President for Academic Affairs.
Her expertise in creating value through technical innovation will be critical as we continue to develop an innovation center at West Campus. She is dedicated to providing a transformational learning experience for our students and also contributing to the regional economy.
Rupendra Paliwal, Provost & Vice President for Academic Affairs
The Jack Welch College of Business is named after the legendary former CEO of General Electric, Jack Welch. Its goal is to develop the next generation of leaders, and all activities and programs focus on enhancing student learning. Students work with a dedicated community of scholars and practitioners rooted in the Catholic intellectual traditions, ethics and values with learning taking place both inside and outside of the classroom. Business students participate in learning communities, in-service experience with area non-profits and international exposure through courses at SHU’s Luxembourg and Dingle campuses. The curriculum of the WCOB is to prepare students to achieve their goals, give back to their community and make a difference in global society.