SS13 - private equity valuation

i’m working on SS13 and found this new topic is difficult to master. how does everyone feel about this topic?

I find that the presentation of the structure of PE confusing/lacking. I had to google for more information. As for the VC method of valuation…That is not too hard.

if you go through the appendix in the CFAI book slowly, and follow along with the calculations, it starts to make sense. but it’s still pretty brutal.

And the worst part is it thats going to appear on the exam. How gr8!

how do you figure? because it’s a new topic?

I’m curious why CFA doesn’t just lump certain topics like this into its new alternative investment exam.