Let your home equity sit entirely in your residence and you're gambling on the value of a single asset.
We're unique, I think, in that debt and equity sit side by side, and we share the same resources, and some of the people on the debt side have had emerging equity experience.
Today, enormous sums of private equity sit on the sidelines of our recovery.
At least two managers with direct control over the Moscow equities desk sat in London.
Today, the average cost of equity capital sits at close to half that: just 8% for the roughly 1600 companies comprising the Value Line Index.
It also matches the way he and Melinda have built the Gates Foundation, which will wind down, deploying all its resources on their stated goals – health equity currently sits at number one -- within 20 years of their passing.
The debt facility is being provided by Silicon Valley Bank, and from what I can tell accounts for around £31 million of the round, whilst the straight up equity investment sits at £52 million (see original report below).
And when some private equity guy sits down with an investor or banker and asks them for money, the first question he hears -- especially from banker -- is "How will you pay me back?" The private equity guy never says, "I don't know".
"The market rewards low maintenance and punishes high maintenance," said Roberta Axelrod, the director of residential sales and rentals for the real estate firm Time Equities, who sits on 10 co-op boards.
None of these concerns apparently crossed the minds of the Barclays bankers, most of whom worked in equity derivatives, as they sat down last summer to celebrate a deal.
