Certified Private Equity Analyst

Language: German
Location: Munich
Duration: 15 days in 27 weeks
Start: October 2026
Cost: 12,750 EUR
ECTS: 10
Successful for over 10 years: The Certified Private Equity Analyst (CPEA) training program, in cooperation with the German Private Equity and Venture Capital Association (BVK), offers you challenging training with two focus areas – private equity or venture capital – at the highest academic level by first-class lecturers from science and business.

Gain practical knowledge through all phases of the investment process in five modules of three days each
Time for exchange: make contacts during the three joint modules and the networking sessions, where you will get to know all the participants.
Two specialized modules within your chosen track, Private Equity or Venture Capital, allow you to delve deeper into your focus area.
Soft skill topics such as negotiation skills and selection of management teams complete the program. You will receive the final certificate “Certified Private Equity Analyst (TUM/BVK)®” through active participation and a final case study presentation.

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Benefits

The 5-module program provides concrete guidance on all phases of an investment process and covers all relevant content.

01

1

Two focus areas

Choose your focus in private equity or venture capital. Two of the five modules will deepen your focus.

02

2

High practical relevance

Case studies and specific application examples are an integral part of the curriculum.

03

3

Strengthen your soft skills

Soft skills such as negotiating and selecting management teams complete the program.

Program Overview

You can find all the important information about the certificate program here. Below you can find out the objectives of the program, the exact details of the process, what you will learn and which lecturers will teach you the content.
Our program offers a comprehensive exploration of the following areas: 
  • You will learn to understand the basic concepts and principles of private equity, including the different stages of the investment cycle and the associated risks and opportunities.
  • You will acquire skills to analyze companies and investment opportunities in private equity, including due diligence procedures and valuation methods.
  • You will develop an in-depth understanding of the legal and regulatory frameworks that shape the private equity sector and the ethical and business standards that apply in this area.
  • You will be able to apply financial modeling techniques and tools to evaluate private equity investments, including risk and return assessment and portfolio analysis.
  • You will gain knowledge of strategies to enhance the value of portfolio companies, including operational improvements, capital structure optimization and exit management to ensure a successful private equity investment.

Program:

Certified Private Equity Analyst

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.

Academic Responsibility:

Prof. Dr. Christoph Kaserer

Format & Timing:

Part-time, On campus

Study location:

Munich

Language:

German (some material, e.g. case studies, might be in English)

Dates:

15 presence days: 5 modules with 3 days each (Thursday – Saturday) over a period of 7 months starting in October:
Module 1: 08 – 10 October 2026
Module 2: 26 – 28 November 2026
Module 3: 04 – 06 February 2027
Module 4: 11 – 13 March 2027
Module 5: 08 – 10 April 2027

Application deadline:

31 July 2026

Graduation:

Certified Private Equity Analyst – Focus Private Equity / Venture Capital

ECTS:

10 ECTS

Program fee:

12,750 EUR*

Discounts:

10,750 EUR for members of BVK and our strategic cooperation partners (see below). 10% discount for TUM Alumni.

Partial Fellowships:

In the 2026/27 program year, we are awarding four partial fellowships worth 5,000 EUR each with our partners BVK and KfW Capital:

  • One partial fellowship for all other equity and investment managers
  • Two partial fellowships as part of the KfW Capital Fellowship Women in VC
  • One partial fellowship for institutional investor

You can find more information and the application form for the partial fellowships here.

Application deadline for partial fellowships: 31 May 2026

* Based on our experience, the German tax benefits help many of our participants to self-finance their education as these can be worth of up to 50% of tuition fees and program related travel costs. Please, consult your personal tax advisor for more details. For participants of our programs residing outside Germany this might be applicable, please check the situation with the local tax authorities in your country of residence.

Prof. Dr. Christoph Kaserer

Professor at Technical University of Munich
Chair of Financial Management and Capital Markets

Prof. Dr. Bernd Mühlfriedel

Professor for Entrepreneurship, SME & Investment Management at University of Applied Sciences Landshut

Dr. Ingo Stoff

Senior Investment Director at SwanCap Partners

Uwe Bärenz

Partner | Investment Funds, Alternative Assets at POELLATH

Alexander Gehring

Partner | Financial Advisory Business Lead Deloitte Private

Martin Walka

Equity Partner for SMEs at Hannover Finanz Group

Dr. Johannes Weisser

Founding Partner at Ferox Legal

Dr. Sascha Haggenmüller

Founder & Managing Director of Radial

Bastian Schuster

Attorney at Law | Principal Associate, Freshfields Bruckhaus Deringer

Prof. Dr. Peter Schäfer

Professor at TU Dresden, Chair of Management Accounting & Control

Dr. Benjamin Puche

CEO | House of Experts Gruppe

Dr. Thimo Brand

Associate, Freshfields Bruckhaus Deringer

Florian Kirchmann

Investor Relations and Corporate Communications Consultant at IR.on AG

Björn Borrmannn

Financing Director at Paragon Partners

Dr. Christoph Jäckel

CIO und Managing Partner, Montana Capital Partners

Marc Göbbels

Partner ESG in Deals at PwC Germany

Marc René Spitz

Transaction Specialist | VC and M&A Expert | Partner at GreenGate Partners

Dr. Ingo Potthof

Managing Partner, Unternehmertum Venture Capital (UVC) Partners

Jan Rodig

Partner, Head of Competence Center Digital Performance & Analytics at Struktur Management Partner GmbH

Dr. Tanja Erlmaier

Leadership and Talent Development Expert at W. L. Gore & Associates

Irene Liebler

Human Capital Director at Paragon Partners

Jennifer Regehr

Investor & Gründer bei Sophora Unternehmerkapital

Matthias Ostermann

Senior Manager, Struktur Management Partner GmbH

Christian Simmendinger

Senior Manager, Struktur Management Partner GmbH

Eike C. Frerichs

Managing partner and Founder of IT Capital Partners

Hannes Rumer

Managing partner of EGERIA Private Equity in DACH

Dr. Martin Stellmacher

Owner of Dr. Martin Stellmacher – Executive Coaching and Training | Senior Coach DBVC, IOBC

Prof. Dr. Dirk Honold

Professor of Innovation Financing at the Nuremberg University of Technology and Entrepreneur

Christoph Büth

Head of Equity Financing at NRW.BANK

Dr. Sarah Theinert

Director | Value Creation bei UVC Partners

Sabine Scherer

Owner of Sabine Scherer HR Consulting

Daniela Blumenwitz

Business Coaching & Consulting at Daniela Blumenwitz

Dr. Isabelle Canu

Partner @ Green European Tech Fund (GET) / Founder and Managing Director @ respin (ESG and Impact strategies for VC funds)

Module 1: Basics of private capital and fund structures
  • Welcome
  • Basics
  • Fund Economics
  • Fund types
  • Fundraising Ecosystem
  • Investing in PE (LPs)
  • Transaction financing
  • Fund structures
Module 2: Transaction processes and structuring
Focus on private equity:
  • Deal screening and DD
  • Business planning and company valuation
  • Transaction structuring and SPA
Focus on venture capital:
  • Deal sourcing
  • Valuation
  • Investment process
  • Term sheet
  • Funding/subsidies
Module 3: Fund and investment governance
  • Investment governance and alignment of interests
  • Performance measurement of funds
  • Investor relations
  • Fund administration and risk management
  • Private debt funds
  • ESG
  • (Deal) Performance
  • Measurement
  • Capital efficiency at GP level
Module 4: Investment development
Focus on private equity:
  • Value Creation
  • Digitalization
  • Building Winning Teams
  • Restructuring
  • Buy & Build
  • Exit Readiness & Sales process
Focus on venture capital:
  • Further development of VC investments
  • Team development
  • Ongoing follow-up financing
  • Exit readiness
Module 5: Exit procedures, fundraising and negotiation
  • Exit procedure
  • Fundraising
  • Negotiation training
  • Final exam

In the 2026/27 program year, we are awarding four partial fellowships worth EUR 5,000 each with our partners BVK and KfW Capital:

– Two partial fellowships as part of the KfW Capital Fellowship Women in VC
– One partial fellowship for institutional investors
– One partial fellowship for all other equity and investment managers

Testimonials

  • This program has given me access to a network with extensive expertise and experience. It is the ideal space to ask critical questions, discuss current developments and think outside the box. Although only a few months have passed since the end of the program, this network has already supported me in several projects.

    Britta Hornung-Schweter
    Senior-Director, Rautenberg & Company

  • Venture capital and private equity are rather difficult sectors to access. It is tricky to understand the details and the mechanisms behind the scenes without talking to experienced professionals. The CPEA’s multi-faceted approach not only provides academic analysis of the industry as a whole, but also sheds light on the complex construct from a practitioner’s perspective.

    Philip Schultheiß
    Principal, AM Ventures

  • I chose the CPEA program (VC Track) in order to deepen my knowledge in VC and benefit from the knowledge of industry experts as well as meeting peers. After graduating in 2024 I can say that the CPEA did not disappoint! It is a great program to get practical and academic insights into PE & VC from industry experts and great speakers. It’s also a fantastic opportunity to connect with peers, network and work on realistic, real world investment cases together. I really benefited from the practical experiences the speakers and experts shared with us as well as from the network I built during the program. I highly recommend the program to anyone working in VC or PE who wants to further improve their skills/ knowledge and enhance their network to peers.

    Patrick Nesseler
    Investment Manager Venture Capital, NRW.BANK

Partners

BVK – Bundesverband Beteiligungskapital e.V.
Bundesverband Mergers & Acquisitions e.V.
invest.austria
SECA – Swiss Private Equity & Corporate Finance Association
bii. – Bund Institutioneller Investoren
Venture Capital Magazin
KfW Capital
KfW Capital

  • Your contact

    Mehmet Görkem Öget
    Program Manager
    Phone: +49 89 289 26761
    Get in touch

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