Say you get a check in the mail and it says just sign me. You ignore it then some emergency crops up and you can’t cover it and then you remember the check. That’s one way companies owned by Private Equity Funds make money. In this case a company like Mariner Finance is owned by an $11.2 billion Private Equity Fund called Warburg Pincus, and the president of Warburg Pincus is Timothy Geithner, former Treasury Secretary under Obama, which makes the activities of Mariner Finance stand out all the more . They charge up to 36% interest to needy people who Continue reading “Private Equity Funds and Those in Need”
Tag: private equity funds
Private Equities and Toys ‘R’ Us
How do popular stores like Toys ‘R’ Us end up filing for bankruptcy? The behind the scene story opens a window on the role of private equity funds in our society. “Thirty-three percent of retail job losses from 2016 through 2017 resulted from private-equity backed store closures…,” according to a report by Inflection Capital Management, an equity fund consulting firm. Due to competition from e-commerce Continue reading “Private Equities and Toys ‘R’ Us”