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"Other books present corporate finance approaches to the venture capital and private equity industry, but many key decisions require an understanding of the ways that law and economics work together. This revised and updated 2e offers broad perspectives and principles not found in other course books, enabling readers to deduce the economic implications of specific contract terms. This approach avoids the common pitfalls of implying that contractual terms apply equally to firms in any industry anywhere in the world.In the 2e, datasets from over 40 countries are used to analyze and consider limited partnership contracts, compensation agreements, and differences in the structure of limited partnership venture capital funds, corporate venture capital funds, and government venture capital funds. There is also an in-depth study of contracts between different types of venture capital funds and entrepreneurial firms, including security design, and detailed cash flow, control and veto rights. The implications of such contracts for value-added effort and for performance are examined with reference to data from an international perspective. "

"PT OCBC NISP Ventura, di bawah naungan PT OCBC NISP Tbk, merupakan sebuah perusahaan modal ventura (“PMV”) yang bergerak di bidang investasi. Dalam program magang ini, Penulis ditempatkan pada divisi investasi dengan jabatan sebagai investment intern, yang berperan untuk melakukan riset industri dan turut membantu kegiatan due diligence yang dilakukan. Hasil observasi Penulis setelah menyelesaikan program ini menyampaikan bahwa PT OCBC NISP Ventura sudah berperan sebagai PMV dalam memberikan dampak bagi startup dalam bentuk pendanaan dan arahan serta telah melibatkan metode-metode pendekatan dalam menentukan keputusan investasi. 

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PT OCBC NISP Ventura, under the auspices of PT OCBC NISP Tbk, is a venture capital (“VC”) engaged in investment. In this internship program, the author is placed in the investment division with the position of investment intern, whose role is to conduct industrial research and assist in the due diligence activities carried out. Observation results The author after completing this program stated that PT OCBC NISP Ventura has played a role as a VC in impacting startups in the form of financing and direction and has involved approaches in determining investment decisions."

"Modal ventura merupakan bentuk pembiayaan yang diberikan dalam bentuk investasi jangka panjang terhadap perusahaan rintisan yang memiliki potensi berkembang tinggi. Di Indonesia, praktik usaha modal ventura telah dikenal sejak tahun 1973 dan diakui sebagai salah satu pembentuk kegiataan yang dapat dilakukan oleh lembaga pembiayaan sejak diterbitkannya Keputusan Presiden No. 61 Tahun 1988 tentang Lembaga Pembiayaan. Adapun pada tahun 2015 lalu, Otoritas Jasa Keuangan melakukan pembaharuan peraturan dengan menerbitkan 4 (empat) peraturan terkait penyelenggaraan usaha modal ventura, salah satunya adalah Peraturan Otoritas Jasa Keuangan No.34/POJK.05/2015. Dalam peraturan tersebut, diperkenalkan suatu konsep baru yaitu Dana Ventura. Dana ventura merupakan kontrak investasi bersama yang dibuat antara perusahaan modal ventura dan bank kustodian untuk mengelola dana yang diberikan parainvestor untuk melakukan kegiatan usaha modal ventura. Singkatnya, dana ventura merupakan salah satu sumber pendanaan yang dapat dibentuk suatu perusahaan modal ventura dengan cara mengumpulkan modal dari pihak ketiga yaitu investor dana ventura.Mengingat dana ventura merupakan konsep yang baru diserap dalam peraturan perundang-undangan di Indonesia, hingga saat ini masih terdapat beberapa hal yang belum diatur secara komprehensif, di antaranya mengenai kedudukan dan kewenangan dana ventura sebagai subjek hukum serta kedudukan hukum investor dalam dana ventura. Pada pokoknya, konsep dana ventura di Indonesia sekilas memiliki kemiripan dengan konsep venture capital fund yang digunakan di berbagai negara di dunia, termasuk di Amerika Serikat dan Singapura. Baik dana ventura maupun venture capital fund memiliki fungsi yang sama yaitu menjadi wadah untuk menampung dan mengelola dana dari investor guna penyelenggaraan usaha modal ventura. Akan tetapi, terdapat beberapa perbedaan yang cukup signifikan di antara keduanya, termasuk mengenai struktur, pihak yang terlibat, model kerja, serta kedudukannya sebagai subjek hukum.

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Venture capital is a form of financing provided in the form of long-term investment to startups that have high growth potential. In Indonesia, the practice of venture capital has been known since 1973 and is recognized as one of the forms of activities that can be carried out by financial institutions since the issuance of Presidential Decree No. 61 of 1988 concerning Financing Institutions. As for 2015, the Indonesia Financial Services Authority updated the regulations by issuing 4 (four) regulations related to the conduct of venture capital businesses, one of which was the Financial Services Authority Regulation No. 34/POJK.05/2015. This regulation introduced a new concept, namely the Dana Ventura. Dana Ventura is a joint investment contract made between venture capital companies and custodian banks to manage funds provided by investors to carry out venture capital business activities. In short, Dana Ventura is a source of funding that a venture capital company can form by raising capital from third parties, namely venture fund investors. Considering that Dana Ventura is a concept that has just been absorbed into laws and regulations in Indonesia, until now, there are still a number of things that

have not been comprehensively regulated, including the position and authority of Dana Ventura as a legal subject and the legal position of investors in the funds. In essence, the concept of venture funds in Indonesia at a glance has similarities with the concept of venture capital funds used in various countries around the world, including in the United

States and Singapore. Dana Ventura and venture capital funds have the same function: to become a forum for collecting and managing funds from investors to implement venture capital businesses. However, the two have several significant differences, including regarding the structure, the parties involved, the working model, and their position as legal subjects."

"Private equity adalah salah satu alternatif sumber pendanaan dalam bentuk ekuitas yang tidak tercatat dalam bursa. Sebagai wilayah yang memiliki kawasan emerging dan frontier market, tingkat investasi private equity di Asia Tenggara mengalami peningkatan. Investasi private equity yang terjadi selalu melibatkan exit strategy (strategi keluar). Dengan menggunakan data dari sembilan negara selama 17 tahun kebelakang, dalam penelitian ini ditemukan bahwa dari semua pilihan strategi keluar yang tersedia mayoritas perusahaan private equity keluar melalui jalur merger. Singapura dengan mayoritas pendanaan dilakukan pada perusahaan teknologi informasi merupakan negara dengan jumlah keluar dan total pendanaan terbesar. Selain itu dengan menggunakan regresi logistik multinomial, penelitian ini menemukan bahwa faktor-faktor seperti tahap investasi, total pendanaan, dan durasi pendanaan mempengaruhi strategi keluar yang dipilih oleh perusahaan private equity. Namun demikian, hasil penelitian ini tidak menunjukkan adanya pengaruh sektor industri dari perusahaan penerima dana, maupun tingkat pertumbuhan GDP terhadap pemilihan strategi keluar.

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Private equity is one of funding alternatives in the form of equity that is not listed on the stock exchange. As an emerging and frontier market region, The Southeast Asia have an increasing level of private equity investment. Exit strategy is one of the stages on private equity funding cycle. By using data from nine countries for the past 17 years, this study find merger as the most frequently chosen for private equity exit vehicle in Southeast Asia investee company. Singapore which the majority of funding made on information technology sector is the country with the highest number of exits and the biggest committed capital. Using multinomial logistic regression, this study found that factors such as investment stage, total funding, and funding duration can affect the exit strategy by private equity firms. In contrast, the results of this study do not show the impact of either industrial sector of the investee nor the GDP annual growth rate on the choice of an exit strategy."

"ABSTRAKSkripsi ini membahas bagaimana keberlakuan pembatasan kepemilikan asing terhadap penanam modal asing yang merupakan limited partners dalam private equity fund berdasarkan Undang-Undang Nomor 25 Tahun 2007 tentang Penanaman Modal. Penelitian ini merupakan penelitian yuridis normatif dengan menggunakan pendekatan kualitatif. Hasil penelitian ini menunjukkan bahwa pembatasan kepemilikan asing belum berlaku secara efektif terhadap penanam modal asing dari private equity fund. Meskipun, secara normatif yuridis, pembatasan kepemilikan asing seharusnya berlaku terhadap penanam modal asing dari private equity fund, secara praktik, pembatasan kepemilikan asing tidak berlaku terhadap penanam modal asing tersebut.

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ABSTRACTThis thesis examines how restrictions on foreign ownership apply to foreign investors that are limited partners in private equity fund under Law Number 25 of 2007 regarding Investment. This thesis is a normative legal research using a qualitative approach. The result of the research shows that restrictions on foreign investment have not effectively applied to foreign investors in private equity practice yet. Although restrictions on foreign investment should have legally applied to such foreign investors, in fact the restrictions did not apply to such foreign investors at all."