Sunday, April 23, 2006

How a Billionaire Friend of Bill Helps Him Do Good, and Well - New York Times

How a Billionaire Friend of Bill Helps Him Do Good, and Well - New York Times: "The three Yucaipa funds that Mr. Clinton advises total more than $1 billion, according to interviews and public records. Mr. Burkle would not disclose the precise amounts, citing competitive concerns, but Yucaipa manages in excess of $3 billion, of which these three funds are a subset. The funds are intended to inject investment capital into poor urban and rural areas in the United States and abroad that traditional equity funds and banks are reluctant to serve, Mr. Burkle said.
The funds Mr. Clinton advises invest in grocery stores, retail developments, manufacturing and distribution, and minority-owned businesses. Yucaipa has found significant growth opportunities in such areas because of the low cost of land and the relative lack of competition."


Good article. Reminds us of how well Bill lands on his feet, too.

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