RMB funds are all the rage among big buyout firms wanting to do business in China. The latest to join the party is expected to be Bain Capital, based on comments made yesterday by managing director Mark Nunnelly at the Reuters Private Equity and Hedge Fund Summit.
This was the topic of my weekly video spot with Reuters. Watch it below:
My weekly small biz video segment with Reuters, which discusses Steve Schwarzman’s recent op-ed in the Washington Post. Specifically, I believe that the recent revival of leveraged lending pokes a hole in Schwarzman’s argument that “uncertainty” has caused banks to cut back on small and mid-sized business lending. Shouldn’t that same uncertainty — which will always exist, by the way — apply to large-market lending?
I know some readers disagree with my critique, because large-market loans have a better chance of being publicly-traded. But, as Energy Future (fka TXU) recently showed, such flexibility is itself uncertain. Anyway, video after the jump…
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So really Steve, the title of your articles should have read: “How VCs are killing Silicon Valley”, and I’d wholeheartedly agree. Especially since their thesis determines what can be discovered (Einstein).
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