FORTUNE – Joe Lieberman has found a new calling: Private equity.
The former U.S. Senator and vice presidential candidate today announced that he has joined Victory Park Capital, a $1.3 billion firm that focuses on small-cap public companies and mid-market private companies, often at times of distress. Portfolio companies include Jamba Juice, Kabbage and Silver Airways.FULL STORY
Ed. Note: Fortune’s Dan Primack has the first comments from Marc Leder, the private equity exec who hosted the Boca Raton fundraiser where the Mitt Romney video was recorded.
(FORTUNE) - Mitt Romney has spent the past day playing defense, after a video was released of the GOP presidential candidate disparaging 47% of Americans during a private fundraising dinner. Now the man who hosted the dinner, private equity executive Marc Leder, is speaking out.
FORTUNE – Gawker today published what it's calling The Bain Files, hundreds of pages of audited financials and private placement memoranda for old Bain Capital funds. Let me save you some time: There is nothing in there that will inform your opinion of Mitt Romney.
How do I know? Because I saw many of the exact same documents months ago, after requesting them from a Bain Capital investor. What I quickly learned that that there was virtually nothing of interest, except perhaps for private equity geeks learning exactly how much Bain paid for a particular company back in 2006. Sure I would have loved the pageviews, but not at the expense of tricking readers into clicking on something of so little value.FULL STORY
(FORTUNE) – Mitt Romney did not manage Bain Capital's investments after leaving to run the Salt Lake City Olympic Games, according to confidential firm documents obtained by Fortune.
The timing of Romney's departure from Bain became a lightning rod earlier today, when The Boston Globe published an article suggesting that Romney remained actively involved with the firm longer than he and his campaign have claimed. The sourcing is largely SEC documents that list Romney as Bain Capital's CEO and sole shareholder through 2002 - or three years after Romney officially left to run the Salt Lake City Olympic Games.FULL STORY