This is about LTRO3, it is about keeping interest rates at very low levels for extended periods of time," said one equity capital markets banker.
Defense Secretary Donald H. Rumsfeld, for one, has substantial private equity holdings.
"I don't regret anything about" the years with Mr. Jacobs, he added, and anyhow even as the ex-partner of a globally famous person, one can leverage a certain amount of equity for one's personal brand.
For one thing, the private equity business — in which investment companies pool capital from investors in order to buy companies and then sell them or take them public — is swimming in cash.
(The Conservative plan did not include a stimulus package but did include such right-wing proposals as revoking public sector workers' right to strike for one year and banning pay equity complaints from going to the Canadian Human Rights Commission).
I, for one, am much happier giving equity directly to co-founders instead of giving it to investors who would finance my top talent hires.
Borrowed capital is, however, generally less popular among equity providers for one simple fact: debt providers are normally not lending against the creditworthiness of the start-up, but against the creditworthiness of the venture capitalist firms.
ROE = Return on equity for year t.
But the pattern is still bad news for believers in the "May-June disaster period" because these months, in and of themselves, are not bad ones for equity investors.
For one thing, these kinds of private equity-backed "bear hugs" often fail because, ironically, the players are afraid to go fully hostile.
We evaluated equity in achievement of target indicators and practice income for one local scheme.
