Classroom

The Kellogg education is built on a thorough understanding of the fundamental business disciplines and an ability to apply these concepts to the ever changing landscape of business. Though there are important similarities between VC and PE, especially given the new focus of many PE firms on operational improvements and unleveraged deals, Kellogg curriculum distinguishes between classes that are mostly focused on Venture Capital and those focused on Private Equity (distinguishing between LBOs and growth equity). All foundation courses assume knowledge of corporate finance from the start at the level of Finance II (FINC-441) or Finance I/II (FINC-440).

Foundation Courses

Venture Capital
The foundation course for the VC track is Entrepreneurial Finance and Venture Capital (FINC-445-0). This course uses the case method to study the unique financial issues faced by entrepreneurial firms, mostly high growth start-ups. The course will cover venture capital finance from seed stage through growth equity. Valuation, deal structure, incentive design, financial management in private, rapidly growing enterprises will be analyzed. Exit strategies will be covered, including initial public offerings, mergers and strategic partnerships. Prerequisite for the course is Finance II (FINC-441) or Finance I/II (FINC-440).

Growth Equity
While some cases dealing with growth equity are discussed in FINC 445, growth equity is the main focus of Global Entrepreneurial Finance (FINC 945). This course is designed to intersect three areas of interest: (a) Entrepreneurial Finance and Private Equity; (b) Family and Closely Held Firms, and (c) International Finance with special emphasis on cross-border valuation and access to finance. Finance II (FINC-441) or Finance I/II (FINC-440) is pre-requisite for this course.

LBOs
M&As, LBOs and Corporate Restructuring (FINC 448) uses the case method to study corporate restructuring strategies including mergers, acquisitions, and takeovers, financial re-capitalization, leveraged buyouts, management buyouts, going private, and reorganization under bankruptcy. Financial Decisions (FINC-442) is a pre-requisite for this course.


Electives

Venture Capital Track
FINC-442 Financial Decisions (Prerequisite: FINC-441or FINC-440)
FINC-447 Financial Strategy and Tax Planning (Prerequisite: FINC-441 or FINC-440)
FINC-916B VC Experience (Prerequisite: FINC-445)
FINC-945 Global Entrepreneurial Finance (Prerequisite: FINC-441or FINC-440)

Growth Equity Track
FINC-442 Financial Decisions (Prerequisite: FINC-441or FINC-440)
FINC-445 Entrepreneurial Finance and Venture Capital (Prerequisite: FINC-441or FINC-440)
FINC-447 Financial Strategy and Tax Planning (Prerequisite: FINC-441or FINC-440)
FINC-448 M&As, LBOs and Corporate Restructuring

LBO Track
FINC-442 Financial Decisions (Prerequisite: FINC-441or FINC-440)
FINC-447 Financial Strategy and Tax Planning (Prerequisite: FINC-441or FINC-440)
FINC-465 Derivatives Markets I (Prerequisite: FINC-430 or FINC-440)
FINC-931 Wall Street, Hedge Funds and Private Equity
FINC-940A Financial Modeling for Leveraged Buyout Transactions (Prerequisite: FINC-441or FINC-440)

Experiential Learning

Venture Capital Track

FINC-915 Venture Lab

Growth Equity Track
FINC-939 Buyout Lab