In the 2023 spring semester, a specially tailored Private Equity and Venture Capital syllabus will be taught for the second time at two universities in Estonia - TalTech and Estonian Business School. The 8-week course, created in cooperation between the universities and the Estonian Private Equity and Venture Capital Association (EstVCA), provides a detailed overview of the role of PE/VC funds in the development and growth of companies at different development stages. The syllabus is designed on the basis of both Estonian and international practices, and the lecturers are experienced fund managers and experts in the field.
The syllabus consists of a total of seven thematic blocks:
1. Introduction to the nature and role of private equity and venture capital in the economy;
2. Different strategies for private equity and venture capital and the links between financing and the life cycle of companies;
3. The main differences between private equity and venture capital in terms of investment management, risk-return profile, and valuation of the company;
4. The legal framework and operating principles of the private equity and venture capital fund;
5. Investment valuation and techniques;
6. Private equity transaction case study (“buy and build” strategy);
7. Case study of a venture capital transaction (seed phase company).a
The lecturers of the new curriculum are experienced fund managers and experts in the field, including Kristjan Kalda (BaltCap), Heidi Kakko (UniTartu Ventures), Martin Kõdar (BaltCap), Kristjan Laanemaa (Karma Ventures), Hendrik Reimand (Katana), Yrjö Ojasaar (Change Ventures), Indrek Kaldoja (eAgronom), Linda-Riin Võeras (Karma Ventures), Mihkel Kolk (Deca Legal), Kalle Ahi (TalTech), and Aet Toots (EBS).
TalTech will start the course on February 8, 2023 in Estonian, and EBS will begin the course on March 8, 2023 in English. The new curriculum is mainly aimed at university students, but to a certain extent, people not enrolled at either school can join through TalTech. For students enrolled at TalTech, those interested in the course can also take it as an in-service training.