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He favored direct equity injections into banks, for instance, before Mr. Paulson did.
But it has never taken direct equity stakes.In this section Lazarus of the East?
The IFC took a direct equity stake in one entity and loaned money to help finance the other enterprise.
He told journalists that France had agreed at the last moment to a deal that would not involve the French government taking a direct equity stake in Alstom.
To give comfort to the banks, there are suggestions that the government is prepared to put in more than £200m in direct equity to get the project rolling.
Recepta, a biotech company, has received a grant, a low-interest loan and, last year, a direct equity investment by BNDES worth about $15m.
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But it is very difficult to invest in direct equities in these markets, so a fund manager for private investors is a must.
An alternative option is Invesco Perpetual's City Merchants High Yield Trust (CMHY), which invests in fixed interest securities, various equity-like securities within fixed income markets, equity-linked securities such as convertible bonds and in direct equities that have a high income yield.
"When it became highly publicized, it stopped working so systematically," says George (Gus) Sauter, who directs equity investing at the Vanguard Group.
This is the downside for direct private equity investing.
Among Vornado's direct competitors, Equity Office was one of the lowest-performing real-estate investment trusts.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com