Certified Private Equity Analyst – CPEA (TUM/BVK)

Certified Private
Equity Analyst –


As part of our exclusive advanced educations partnership with the German Private Equity and Venture Capital Association (BVK), TUM School of Management has developed the Certified Private Equity Analyst (CPEA) German-language training program. Featuring high-profile lecturers and leading experts from the fields of science and business, the Certificate Program offers a comprehensive examination of the private equity sector at the highest level of academic excellence and practical relevance.

With this program, TUM School of Management establishes a new standard in private equity training, while setting a consistent quality benchmark for the otherwise heterogeneous group of subsidiary managers.

The CPEA training program consists of five modules at three days each (from 9:00am – 5:30pm, respectively). Training modules focus on the venture capital and private equity industries with a holistic view on relevant issues and defining characteristics. Participants also receive training in essential soft skills in a designated module showcasing effective negotiation and management audits. Case studies based on real-life applications help bridge the gap between theory and practice. After each individual module, participants are encouraged to apply their skills ‘on the job’. Regular participation and a final exam are required for CPEA certification.

Please note that this program is taught in German.



Location Munich


  • Programm Certified Private Equity Analyst
  • Degree Certificate “Certified Private Equity Analyst”
  • Modules Module 1: Fundamentals of Corporate Acquisitions & Sales
    Module 2: Fund & Transaction Structuring
    Module 3: Equity Interest Management & Corporate Governance
    Module 4: Exit Strategies & Fundraising
    Module 5: Selection of Management Teams & Conducting Negotiations
  • Target group Investment managers and professionals working in the venture capital, investment as well as M&A sector that aim at gaining a certificate for their professional qualification
  • Program start Annually in October
  • Duration 15 presence days 5 modules, 3 days each (Thursday – Saturday) 7 months starting October
  • Format Part-time, attendance blocks
  • Program language German
  • Place Munich, TUM School of Management
  • Dates 2020/2021 Module 1: 15 – 17 October, 2020
    Module 2: 26 – 28 November, 2020
    Module 3: 11 – 13 February, 2021
    Module 4: 11 – 13 March, 2021
    Module 5: 15 – 17 April, 2021
  • Tuition fee EUR 11.750 total (for members of BVK and cooperation partners: EUR 9.750) single module: EUR 2.950 (10% discount for members of BVK, cooperation partners and TUM alumni)


Module 1: Fundamentals of Corporate Acquisitions & Sales

  • Market structures and market development
  • Fundamentals of equity participations
  • Business plan analysis, incl. case study
  • Corporate valuation: VC/PE
  • Financial & Commercial Due Diligence

Module 2: Fund & Transaction Structuring

  • Overview over financing options
  • Specific financing offers
  • Public and private financing options
  • PE/VC fund structures
  • Legal due diligence
  • Legal issues of PE/VC investments, investment agreements, deal documentation
  • IP management
  • Transaction structuring
  • Corporate and financial market law
  • Tax issues

Module 3: Equity Interest Management & Corporate Governance

  • Operational equity interest management
  • Corporate governance structures
  • Effective control and monitoring mechanisms
  • Equity controlling, monitoring, and risk management
  • Strategic management
  • Selected aspects of the PE, VC, and MBG sectors
  • Case studies and practical issues

Module 4: Exit Strategies & Fundraising

  • Exit strategies (IPO, secondary)
  • Dual Track
  • Risk management
  • Performance measurements
  • Fundraising
  • Capital market communication

Module 5: Strategic Selection of Management Teams & Conducting Negotiations

  • Strategic selection of new management teams
  • Performance measurement of existing management teams
  • Successful development of management audits
  • Negotiation styles
  • Preparaotion of negotiations
  • Negotiation techniques

All five modules finish with a business dinner.

Executive MBA

CPEA – Eligibility for the Executive MBA

It is possible to receive credits for the AMBA-accredited Executive MBA of the TUM School of Management after successful participation of the CPEA program.

  • The completion of the CPEA  is worth 10 ECTS in the Executive MBA and can be counted as two electives
  • Eligibility of EUR 4.000 of total Executive MBA tuition fee
  • Certificate with two titles: MBA + CPEA

CPEA = Elective 1 + Elective 2


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Downloads and Application

Downloads and Application

In this area you can download various documents for application, study or a scholarship. Specific questions can be addressed and clarified in a personal conversation with us via the telephone number below.

To apply for this German language program, please visit our German CPEA website.


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