This Master Series offers comprehensive insights into private equity funds and trains learners on concepts related to fund operations. The following important topics are covered in this master series:

· Brief history of funds

· Description of various types of funds with emphasis on private equity funds

· Lifecycle of a private equity fund and key stages

· Which domicile is best for the fund and its investors - Delaware, Cayman Islands, Jersey & Guernsey, Luxembourg etc.

· General Partner and Limited Partner - who does what?

· What is the fund structure?

· Detailed walk through of a fund set up process

· Limited Partnership Agreement and what are the components?

· Crack the fundraising process - what are the steps, how long does it take and how to proceed

· What are Fund closings, equalisations and rebalancing?

· Detailed walk through of equalisations calculation

· What are the fund expenses?

· How to calculate management fee?

· How do general partners get compensated? Management fees vs. carried interest

· What expenses are incurred by the Fund?

· How to prepare Drawdown calculation and Drawdown notice?

· What are the capital account and allocation rules?

· KYC (know your customer) process for limited partners, general partners and corporations

· Key reports to investors

· Explanation on distribution of investment proceeds, distributions calculation and distribution notice

· What is waterfall logic and how to calculate carried interest using waterfall logic