Antera: the challenges of entrepreneurial capital management

Authors

  • Carlos Heitor Campani COPPEAD - Universidade Federal do Rio de Janeiro, Rio de Janeiro, RJ
  • Flávia Schwartz Maranho COPPEAD - Universidade Federal do Rio de Janeiro, Rio de Janeiro, RJ
  • Henrique de Castro Augusto Alvarenga Consultor no ILOS – Especialistas em Logística e Supply Chain, Rio de Janeiro, RJ
  • Max Borges Alves Lima
  • Renato Silveira Guimarães

DOI:

https://doi.org/10.13058/raep.2016.v17n3.470

Keywords:

Private equity, Venture capital, Portfolio selection, Investees, Teaching case

Abstract

This case describes the challenges faced by a Private Equity and Venture Capital (PE&VC) manager, whose growth is driven by the increasing demand for seed capital in Brazil. It also addresses the consequent changes and adjustments that the domestic market requires from such investment model that, in spite of already having been validated internationally, still needs more development in the country. The metrics used to assess risk and return of each project and the ordering of candidate projects, the company's expansion with the arrival of a new investment fund in the portfolio and the characteristic illiquidity of the investment are behind the dilemmas faced by the partners. In this context, the professor should work with the students about the implications of the elements discussed in the case and the alternatives for the manager, in order to build a sustainable strategy for investees selection.

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Author Biographies

Carlos Heitor Campani, COPPEAD - Universidade Federal do Rio de Janeiro, Rio de Janeiro, RJ

Ph.D. em Finanças pela EDHEC Business School

Flávia Schwartz Maranho, COPPEAD - Universidade Federal do Rio de Janeiro, Rio de Janeiro, RJ

Mestre em Administração pela UFPR

Henrique de Castro Augusto Alvarenga, Consultor no ILOS – Especialistas em Logística e Supply Chain, Rio de Janeiro, RJ

Mestre em Administração pela COPPEAD - UFRJ

Max Borges Alves Lima

Mestre em Administração pela COPPEAD - UFRJ

Renato Silveira Guimarães

Mestre em Administração pela COPPEAD - UFRJ

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Published

2016-09-01

How to Cite

Campani, C. H., Maranho, F. S., Alvarenga, H. de C. A., Lima, M. B. A., & Guimarães, R. S. (2016). Antera: the challenges of entrepreneurial capital management. Administração: Ensino E Pesquisa, 17(3), 509–535. https://doi.org/10.13058/raep.2016.v17n3.470

Issue

Vol. 17 No. 3 (2016): September-December

Section

Teaching Cases

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