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This is exactly the mind-set of many current investors.
Apax's current investors may lobby for this outcome.
Above that level, current investors would likely need to sign off.
Kaufmann and Scudder will allow current investors to continue to buy shares directly, free of loads.
"This is exactly the mind-set of many current investors," he said.
He said the current investors would retain a minority interest in the property.
The financing round was led by current investors, JPMorgan Chase and American Express, and a new investor, Citigroup.
The latest financing round was led by current investors, JPMorgan Chase and American Express, and new investor, Citigroup.
He said the cash infusion would also help current investors by providing capital for the fund to invest.
The round included participation from current investors the William Morris Agency, Comcast Interactive Capital, and the Edison Venture Fund.
Spokesmen for the current investors said they still thought MedUnite could succeed, a necessary commitment while new money is sought.
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