Research John Paglia, director of the Pepperdine Private Capital Markets Project at the Graziadio School of Business and Management, describes accessing capital for privately-held companies based on the latest results from his ongoing cost of private capital investigation.

1. Thank You! Financing for Emerging Growth CompaniesInsights from the Pepperdine Private Capital Markets Project SurveysJohn K. Paglia, Ph.D., CFA, CPAAssociate Professor of FinanceSenior Researcher, Pepperdine Private Capital Markets Project

5. Businesses Need Capital to Grow Expected increase in organic revenues over the next year is approximately 20% Nearly 95% of business owners report having the enthusiasm to execute growth strategies Yet just 53% report having the necessary financial resources to successfully execute growth strategies

6. What are Top Issues Facing Privately-Held Businesses Today?

7. What types of capital are available and how does one access them?

8. Borrowing Options Bank Debt Asset Based Loans Factoring Lines Equipment Leasing Mezzanine Funds Private Investors

9. Equity Options Angel Investors Venture Capital Private Equity Private Investors

11. The Road Ahead Despite continued economic uncertainty, Increasing capital availability Increasing leverage multiples Increasing deal multiples Increasing confidence in growth prospects

12. Thank You! John K. Paglia, Ph.D., CFA, CPA Associate Professor of Finance Senior Researcher, Pepperdine Private Capital Markets Project bschool.pepperdine.edu/privatecapital john.paglia@pepperdine.edu