Canadian private equity player Waterton Global Resource Management LP has raised more than US$1-billion for a precious metals fund, a massive number which demonstrates that private equity interest in the mining space continues to rise.
Whenever the interest of graduating MBAs hits a fever pitch, it usually means a trend is past its sell by date. It now appears that the traditional path of getting rich beyond all dreams of avarice, as in joining a private equity or hedge fund, isn’t good enough for some students. They want to become their own deal-meisters sooner, and so the latest fad is scaled-down PE funds known as “search funds”.
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 I went to my inbox at the start of my day, one of the noteworthy e-mails in my inbox had the subject line: “NYT Column about You.” Its content:
Though your fight is never mentioned, this column is clearly motivated by your dispute with CalPERS. This is an “Empire Strikes Back” piece:
Venture Capital’s Need for Secrecy Collides With Public’s Right to Know