Kelechi Okereke - What is Private Equity?
Kelechi Okereke is a graduate student at the University of Pennsylvania’s Wharton School of Business. He is already an experienced investor well-versed in advising large clients on mergers and acquisitions, large investment transactions involving international companies, and navigating the stock market for investors. Okereke has worked for Citigroup in the Investment Banking division, helping clients find the best foreign investments in emerging markets around the world. He has also worked at the Nigerian Stock Exchange and interned for the Abraaj Group in Dubai. He has worked with many private equity investors during his young career.
Private equity is capital that is not quoted and valued on any kind of public exchange. As Kelechi Okereke explains to his clients, private equity consists of funds and investors that make direct investments into private companies or engineer buyouts of public companies, causing the delisting of public equity. Kelechi Okereke also tells his clients that capital for private equity comes from wealthy individuals and institutional investors. Private equity can fund new technology development, build on working capital within a company, to make acquisitions, or to build a better balance sheet. Most private equity comes from institutional and accredited investors. These individuals can usually commit large sums of money for long durations.
Kelechi Okereke has advised on opportunities for managers of private equity, helping them make acquire sound assets. He is working on his MBA from the University of Pennsylvania at the moment and hopes to work with emerging markets around the world on behalf of his clients.