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Private Equity: From Investment Thesis to Exit

A linear, one-concept-per-lesson path through how private equity works, from evaluating a business to understanding value creation and investor returns. 35 lessons · 3 tiers.

Prerequisites: No coding or finance background required. Comfortable with basic arithmetic and reading a simple table of numbers is enough.

This course has no code and no API key: every lesson works through mental models, worked numbers, and short scenarios you can follow with a spreadsheet or a pen and paper.

Private Equity: From Investment Thesis to Exit

Beginner

Understanding the deal: what PE does, and how to evaluate a business.

  1. 01What Is Private Equity?
  2. 02The PE Ecosystem
  3. 03The PE Investment Lifecycle
  4. 04Finding a Deal
  5. 05The Investment Thesis
  6. 06Understanding the Business
  7. 07Revenue and Growth
  8. 08Retention, Churn and NRR
  9. 09Unit Economics
  10. 10EBITDA
  11. 11Enterprise Value vs. Equity Value
  12. 12Checkpoint: Evaluate a Business

Intermediate

How PE makes money: pricing, leverage, and the return math behind a deal.

  1. 13Valuation Multiples
  2. 14Challenging the Asking Price
  3. 15Debt and Leverage
  4. 16Debt Paydown
  5. 17Free Cash Flow
  6. 18The Three PE Return Levers
  7. 19Multiple Expansion and Contraction
  8. 20MOIC
  9. 21IRR
  10. 22Building an Investment Case
  11. 23Downside Scenarios
  12. 24Checkpoint: The Investment Committee

Advanced

Creating value after the deal: the holding period, Data & AI, and exit.

  1. 25The 100-Day Plan
  2. 26The Value Creation Plan
  3. 27Prioritizing Value Creation
  4. 28Revenue Growth Levers
  5. 29EBITDA Improvement
  6. 30Portfolio Monitoring
  7. 31Leading vs. Lagging Indicators
  8. 32Data Foundations for Value Creation
  9. 33AI for PE Value Creation
  10. 34Measuring AI Value
  11. 35Capstone: The PE Value Creation Case
Start at Lesson 1

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