Succession Planning in Private Equity : Strategic, managerial, legal and tax guidance for leadership transitions.

Cover
 Title
 Copyright
 Contents
 Figures and tables
 About the editor
 Introduction
 Section I: Defining Succession Management
 1 What is succession management in private equity?
 Introduction
 Succession planning in private equity
 Why succession planning is important in private equity
 Fund maturity and its impact on succession planning
 Succession planning scenarios
 A thoughtful approach to succession planning
 2 GP succession planning and external audiences
 Introduction
 Fund management structures
 Institutional investors
 Company founders and senior management
 Summary. Section II: Preparing for Succession3 Defining a succession plan strategy and its process
 What is succession planning and why is it important?
 Defining a strategy --
what does the organisation want to achieve?
 Succession planning roadblocks
 Creating a roadmap for success
 Conclusion
 4 Implementing a succession plan
 Creating and executing a high-impact succession plan
 Align talent strategy to business strategy
 Understand the level of experience and expertise employees possess
 Develop a solid set of candidates from which to draw
 Monitor progress to maximise results
 Conclusion. 5 Establishing succession planning metricsOverview of succession planning metrics
 Assessing and developing talent
 Succession plan effectiveness
 Key metrics for succession planning
 Timeline for collecting and evaluating metrics data
 How to use results
 Conclusion
 6 Leadership development
 Introduction
 Leadership development challenges
 Adopt a future-oriented approach
 Identifying leaders and pivotal talent
 Developing identified leaders
 Stretch projects vs. tours of duty
 Monitoring progress
 Conclusion
 7 Growth: Matching future organisational needs with individual aspirations. Future organisation needs --
strategic intentIdentifying organisational goals
 Identifying an individual's career goals
 Aligning organisational needs with individual goals
 Exposing future leaders to the board
 Conclusion
 8 Compensation issues in succession planning
 Introduction
 Taking stock of existing incentives
 Transitioning ownership
 Reassessing retention
 Conclusion
 Section III: Legal and Tax Considerations
 9 How legal considerations shape succession planning
 Introduction
 A firm's structure and its fiduciary duty
 The importance of separate legal entities. Components of a succession planPutting successors in place
 Regulatory action items
 What happens when things go wrong?
 Conclusion
 10 Tax issues in private equity succession planning
 Introduction
 Capital and carry interest --
vested
 Capital and carry interest --
unvested
 Side funds and LP interests
 Deferred compensation
 Qualified deferred compensation
 Management company --
withdrawal
 Sale of GPs interest in the management company
 Buyout of the GP interests over time
 Conclusion
 Section IV: LP Perspectives
 11 How to answer LP questions about succession
 Introduction.