habe风险投资常用术语中的英文解释

2021年1月22日发(作者：它)






风险投资常用术语中的英文解释
(3)

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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
1 / 1

venture capital firm has decided where it would like to
invest, it will approach its investors in order to
down
to
the
fund 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

Table
this
is a table showing the 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
1 / 1

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
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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
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