US emerging domestic market,
Posted in Venture Capital on September 8th, 2008 by seth – 1 CommentUSA Today reports that a growing number of private-equity firms invest in what bankers call the US emerging domestic market, or ethnic and urban businesses. More than 55 such firms manage $10 billion in capital, according to the National Association of Investment Companies. “We’re bringing Wall Street to the barrio,” says Marcos Rodriguez , founder of Palladium Equity Partners, a fast-growing investment firm in New York with $1 billion invested in Latino-related small and midsize companies.
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