Проектное и венчурное финансирование

2024/2025

Статус: Маго-лего

Кто читает: Банковский институт

Когда читается: 4 модуль

Онлайн-часы: 20

Охват аудитории: для своего кампуса

Язык: русский

Кредиты: 3

Полная версия программы учебной дисциплины

Аннотация

This online Course consists of two sections: (i) project financing, and (ii) venture financing. Each section has the duration of three weeks.i.The Project Financing section provides a conceptual background for issues in structuring and implementing large long-term investment projects. The section offers an understanding of theoretical foundations and practical aspects of the decisions made throughout the lifecycle of such projects; and of diverse stakeholders that shape the project performance and risk structure. In analyzing projects’ performance and impact, the section seeks to combine the perspectives of sponsors and investors with the broader economy-wide perspectives.ii.The Venture Financing section gives general overview of venture investments as one of the types of alternative investments, widely expanding asset class in last decades. This section will cover the history of venture industry, its role in economics and innovations, current state of affairs and dynamic. The section discovers how venture capital industry works, its inherent upsides and downsides, basics of investment process and valuation techniques, goals of the VC players and other equally important aspects.

Цель освоения дисциплины

The course focuses on practical aspects of project and venture finance. You will learn how both types of investments are structured, what is important for the investors, how project risks and transaction issues influence the financial performance of those who initiated the project and the new investors joining it.
By the end of this course, students will be able to do the following: ● Understand the basic principles and the difference between project and venture finance. ● Analyse how the project finance is structured and learn about the risk and return profile of such projects. ● Analyse how the VC investments are structured and learn VC valuation approaches. ● Practice financial modelling and valuation of the VC investment.

Планируемые результаты обучения

Understand the specific features of project finance, its area of use, and the difference between the project finance and other financial instruments
Learn about sources of project finance and participants of the project
Understand the lifecycle of the project
Learn about the main project agreement and important subcontracts
Learn about the major risk factors in project finance and the methods to manage them
Calculate project profitability and the debt ratios used in project finance
Understand the principles used for debt structuring and cash flow control
Understand the principles of venture investments, tranches, and types of investors
Understand the term sheet and apply its clauses to achieve an optimal alignment between the interests of the investors and entrepreneurs
Understand income-based and comparable companies valuation approaches in Venture Capital investments
Practice financial modelling for a VC investment
Calculate the value of a company based on its expected cash flows using Gordon's growth and exit multiple method