Module 01
Entry price and leverage
Why a turn of multiple matters more than any operating plan, and how debt magnifies both outcomes.
Curriculum
What you'll actually learn
You make a call and the numbers move. Then the game tells you what you just did, in the words people on the desk would use.
Module 02
Diligence and adjusted earnings
Quality of earnings, non-recurring items, and the structures that move optimism onto the seller.
Module 03
Covenants and cures
Headroom, equity cures, amend-and-extend, and what lenders charge for patience.
Module 04
Exits, holds and IRR mechanics
Continuation vehicles, dividend recaps and why IRR and multiple of money disagree.
Module 05
Transition and physical risk
Carbon pricing, hard-to-abate sectors, stranded assets and insurance withdrawal.
Module 06
Fundraising and fund size
Why size is a strategy decision, and how fee terms shape the platform behind the returns.
Lost in the jargon?
Leverage, coverage, cov-lite, carried interest and every other term the game uses, in plain English.