David Bard

David Bard
  • Senior Fellow and Part-Time Lecturer

Contact Information

  • office Address:

    Room 2429

    2323 Steinberg-Dietrich Hall

    3620 Locust Walk

    Philadelphia, PA 19104-6360

Overview

  • Education
    • MBA, Wharton, 2011
    • MPhil in Economics, University of Cambridge, 2004
    • BSE in Economics, Wharton, 2002
    • BAS in Systems Engineering, Penn Engineering, 2002
  • Academic Positions Held
    • Wharton, 2015 – Present
  • Other Positions
    • American Securities, 2015 – Present
    • Bain Capital, Private Equity, 2006 – 2015
    • McKinsey & Company, 2004 – 2006
    • Internships with the Council of Economic Advisors and the U.S. Treasury
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Teaching

  • FNCE 884: Advanced Topics in Private Equity
  • PVEQ2362-1610: Private Equity: Investing and Creating Value

Past Courses

  • FNCE884 - ADVANCED TOPICS IN PE

    This course will address a variety of applied topics in private equity (PE), with a focus on growth and later-stage buyout transactions (venture capital is not explicitly addressed in this course), and a primarily U.S.-centric view that should be largely applicable in other markets. In addition, the course will focus on the transaction stage of PE investing i.e., the art of the deal and mostly leave aside deal sourcing, portfolio management and investor relations. The goal of this course is to educate students about the substance, process and mechanics of PE investing, through the lens of the investment professionals, counterparties and advisors that drive transactions to completion. Course topics will address the entire deal process, and will include the following: Commercial Diligence (incl. financial modeling); Debt Financing; Accounting Diligence; Sales & Purchase Agreements; Comps Analysis; and Other Advisory Work. Throughout the course, students will learn about each element of the deal process through in-class lectures, while concurrently apply those learnings to a real-time mock deal, and preparing dealmaterials that mirror a real private equity transaction. The in-class lectures will cover both conceptual frameworks and real-world examples. FNCE 884-001 will be taught by Professor Bilge Yilmaz. Section 001 will contain six hours of material on how to execute the value creation plan post acquisition through an operational partner's perspective. In balance, section 002 will be taught by Professor Bilge Yilmaz and David Bard, Senior Fellow and Lecture will spend more time on all other topics.

  • FNCE888 - PE EQUITY: FUNDRAISING

    This course is for second year MBA students. Please Note: Students cannot receive credit for both FNCE 884 and FNCE 888.....This course will address a variety of topics in private equity (PE) leveraging a highly practical and real-world approach. It will focus on growth and later-stage buyout transactions (venture capital is not explicitly addressed in this course), and a primarily U.S.-centric view that should be largely applicable in other markets. The course will focus on several key areas outside the private equity transaction: fundraising, sourcing investment opportunities, and creating value under PE ownership. The goal of this course is to educate students about these aspects of PE investing through the lens of the investment professionals, consultants, counterparties and advisors that live them each day. Students will be expected to actively engage in classroom discussions, challenging one another and the lecturers about how to think through these issues in an ever-evolving investment world. In addition, throughout the course, students will be expected participate actively with their teams as they proceed with at home assignments.

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What Really Helps Employees to Improve (It’s not Criticism)

Author Marcus Buckingham defied much of HR’s accepted wisdom in his keynote at the recent Wharton People Analytics Conference.

Knowledge @ Wharton - 2019/05/16
Late Bloomers: Why Good Things Come to Those Who Wait

Journalist and self-described late bloomer Rich Karlgaard rejects societal pressure to achieve success at an early age, saying there’s plenty of scientific evidence that many people find their talents later in life.

Knowledge @ Wharton - 2019/05/16
Empowering the Developing World, One Bicycle at a Time

World Bicycle Relief, a nonprofit organization that builds and distributes bicycles in rural areas of the developing world, is the 2019 winner of the Lipman Prize.

Knowledge @ Wharton - 2019/05/16