unwitting(风险管理)风险投资常用术语中的英文解释

2021年1月20日发(作者：resistance是什么意思)
风险投资常用术语中的英文解释
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日期：
2008-07-04 00:00:00

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CAGR: Compound Annual Growth Rate. The year over year growth rate
applied to an investment or other aspect of a firm using a base amount.



Call Option: The right to buy a security at a given price
（
or range
）

within
a specific time period.



Capital
（
or Assets
）

Under Management: The amount of capital available
to a fund management team for venture investments.



Capital Call: Also known as a draw down - When a venture capital firm has
decided where it would like to invest, it will approach its investors in order to

but this is the actual act of transferring the money so that it reaches the
investment target.



Capital Gains: The difference between an asset's purchase price and selling
price, when the selling price is greater. Long-term capital gains
（
on assets held
for a year or longer
）

are taxed at a lower rate than ordinary income.



Capitalization Table: Also called a
total amount of the various securities issued by a firm. This typically includes
the amount of investment obtained from each source and the securities
distributed
——
e.g. common and preferred shares, options, warrants, etc.
——

and respective capitalization ratios.



Capitalize: To record an outlay as an asset
（
as opposed to an Expense
）
,
which is subject to depreciation or amortization.



Captive funds : A venture capital firm owned by a larger financial
institution, such as a bank.



Carried Interest: The portion of any gains realized by the fund to which the
fund managers are entitled, generally without having to contribute capital to the
fund. Carried interest payments are customary in the venture capital industry,
in order to create a significant economic incentive for venture capital fund
managers to achieve capital gains.



Cash Position: The amount of cash available to a company at a given point
in time. Claim Dilution A reduction in the likelihood that one or more of the firm's
claimants will be fully repaid, including time value of money considerations.



Catch-up: This is a common term of the private equity partnership
agreement. Once the general partner provides its limited partners with their
preferred return, if any, it then typically enters a catch-up period in which it
receives the majority or all of the profits until the agreed upon profit-split, as
determined by the carried interest, is reached.



Chapter 11: The part of the Bankruptcy Code that provides for
reorganization of a bankrupt company's assets.



Chapter 7: The part of the Bankruptcy Code that provides for liquidation of
a company's assets.



Chinese wall: A barrier against information flows between different
divisions or operating groups within banks and securities firms. Examples
include a policy barrier between the trust department from making investment
decisions based on any substantive inside information that may come into the
possession of other bank departments. The term also refers to barriers against
information flows between corporate finance and equity research and trading
operations.



Clawback: A clawback obligation represents the general partner's promise
that, over the life of the fund, the managers will not receive a greater share of
the fund's distributions than they bargained for. Generally, this means that the
general partner may not keep distributions representing more than a specified
percentage
（
e.g., 20%
）

of the fund's cumulative profits, if any. When triggered,
the clawback will require that the general partner return to the fund's limited
partners an amount equal to what is determined to be
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Closed-end Fund: A type of fund that has a fixed number of shares
outstanding, which are offered during an initial subscription period, similar to an
initial public offering. After the subscription period is closed, the shares are
traded on an exchange between investors, like a regular stock. The market price
of a closed- end fund fluctuates in response to investor demand as well as
changes in the values of its holdings or its Net Asset Value. Unlike open-end
mutual funds, closed-end funds do not stand ready to issue and redeem shares
on a continuous basis.



Closing: An investment event occurring after the required legal documents
are implemented between the investor and a company and after the capital is
transferred in exchange for company ownership or debt obligation.



Co- investment: The syndication of a private equity financing round or an
investment by an individuals
（
usually general partners
）

alongside a private
equity fund in a financing round.



Co-Sale Provisions or Rights : Allows investors to sell their shares of stock