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Capital markets intermediaries. Underwriters: Raise investment capital from investors on behalf of corporations that are issuing securities (both equity and debt capital). Key players: Goldman Sachs, JP Morgan, Morgan Stanley, UBS, Citigroup, Credit Suisse, etc. . Retail investors:
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Capital markets intermediaries Underwriters: Raise investment capital from investors on behalf of corporations that are issuing securities (both equity and debt capital). Key players: Goldman Sachs, JP Morgan, Morgan Stanley, UBS, Citigroup, Credit Suisse, etc. Retail investors: Investment decisions using own money (buy and sell securities) Cash Company’s stock or debt Retail Investors Advisory (know-how) Company Underwriters Cash (fees) The Market Investment Bank Company’s Stock Cash Cash Portfolio Managers Analysis(reports) on the fundamntals of the company Sell-side research analyst VentureCapitalists Equity research analyst: Evaluates companies for future earnings growth and other investment criteria. They place recommendations on stocks or other securities, typically phrased as "buy", "sell", or "hold¨. Key players: UBS, Deutsche, HSBC, Credit Suisse, Goldman Sachs, Citigroup, Morgan Stanley, etc. Portfolio Managers: Investment decisions using other people money (buy and sell securities) Key playres: Schroders (SIM), Fidelity, PDFM (UBS), Deutsche, AXA, Capital, etc. Buy-sideanalysts Venture capital: Type of private equity capital typically provided for early-stage, high-potential, growth companies in the interest of generating a return through an eventual realization event such as an IPO or trade sale of the company. Key players: Cinven, Blackstone, CVC, 3i, Apax, Permira, KKR