Private equity y venture capital: diferenciación y principales características

  • Leonel Arango Vásquez Institución Universitaria ESUMER
  • María Patricia Durango Gutiérrez Institución Universitaria ESUMER
Palabras clave: desinversión, Capital Riesgo, captación de fondos, inversión alternativa, pymes.

Resumen

El propósito de este artículo es explicar, desde la teoría, dos posibles opciones de financiación que tienen las empresas cuando éstas no pueden acceder a las fuentes tradicionales. La industria del Capital Riesgo surge así como una fuente alternativa de financiación. Esta industria opera a través de vehículos especiales de inversión llamados fondos Private Equity y fondos Venture Capital. En general, los primeros invierten en compañías maduras y desarrolladas, mientras que los segundos lo hacen en empresas nacientes y pequeñas. El ciclo de financiación que proveen estos fondos se estructura en tres etapas principales: captación de recursos, inversión y desinversión. En este artículo se explica la diferencia entre los términos Private Equity y Venture Capital, así como las principales características de las etapas mencionadas.      

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Biografía del autor/a

Leonel Arango Vásquez, Institución Universitaria ESUMER
Master en Banca y Finanzas
María Patricia Durango Gutiérrez, Institución Universitaria ESUMER
Magister en Administración Financiera

Citas

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Publicado
2014-07-30
Cómo citar
Arango Vásquez, L., & Durango Gutiérrez, M. P. (2014). Private equity y venture capital: diferenciación y principales características. Clío América, 8(16), 173-184. https://doi.org/10.21676/23897848.1351
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Artículos