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Private Equity e Venture Capital no Brasil: uma Análise de sua Evolução

Author

Listed:
  • Antonio Gledson Carvalho

    (FGV/EAESP)

  • Humberto Gallucci Netto

  • Joelson Sampaio

Abstract

Este artigo analisa as principais idiossincrasias dos investimentos em Private Equity e Venture Capital no Brasil e sua evolução entre 2004 e 2009. As principais idiossincrasias são: participação de limited partners no processo de investimento, a inexistência de leverage buyouts, o controle compartilhado das empresas investidas e o uso de direitos especiais para compensar a falta de controle total. As principais mudanças observadas recentemente são: o aumento de investimentos em private equity ante a venture capital, eficiência dos gestores no processo de seleção das empresas investidas, uso dos painéis de arbitragem na resolução de conflitos e na participação de limited partners no processo de investimento.

Suggested Citation

  • Antonio Gledson Carvalho & Humberto Gallucci Netto & Joelson Sampaio, 2014. "Private Equity e Venture Capital no Brasil: uma Análise de sua Evolução," Brazilian Review of Finance, Brazilian Society of Finance, vol. 12(4), pages 499-515.
    • Handle: RePEc:brf:journl:v:12:y:2014:i:4:p:499-515
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    References listed on IDEAS

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    3. Jeng, Leslie A. & Wells, Philippe C., 2000. "The determinants of venture capital funding: evidence across countries," Journal of Corporate Finance, Elsevier, vol. 6(3), pages 241-289, September.
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    Keywords

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    JEL classification:

    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage

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