The London-based venture capital firm, best known more recently for its investment in controversial consumer finance lender Wonga, is to begin raising the new money as early as this month, reports The Telegraph.
TORONTO – During the past couple of years, private equity firms have quietly grown into key players in the mining industry. And with mining valuations in the gutter and equity financing all but dried up, their role could soon get bigger.
In a presentation in Toronto on Wednesday, private equity insiders noted that the firms are raising huge dollars for mining investments. They argued that it is a potential source of financing for many distressed companies.
SEATTLE/LOS ANGELES (Reuters) - In the sparse Seattle offices of Privateer Holdings, Brendan Kennedy grabs an iPad to show how his bet on legal marijuana is already paying dividends in the form of a Google results page for "blue cheese."
When President Obama unveiled his budget last Wednesday, it rekindled a debate over taxation of the private equity industry. Many executives in the private equity business (as well as the venture capital and hedge fund businesses) pay the capital gains rate on their earnings rather than the higher rate paid on ordinary income. Even though these industries make most of their money from the appreciation of assets — the definition of “capital gains” — the President, and many others, believe it is unfair that employees of these funds are able to pay the capital gains rate.
The annual Réseau Capital Convention takes place in Montreal on Thursday. This year’s convention, the 22nd, brings together a mix of investment industry participants including venture capitalists and private equity firms pension funds, angel investors and entrepreneurs, will be a little different from the previous.
In an interview before the Super Bowl, President Obama took a jab at hedge funds and private equity firms across the country, saying that he would finally take on "carried interest" tax, Reuters reports.