Equity markets might be jittery but it seems investors can’t get enough of cash shell funds backed by Nathaniel Rothschild and friends.
Last month Rothschild’s latest venture, an investment vehicle called Vallares, raised £1.35 billion ($2.16 billion) in London after placing 133 million ordinary shares at £10 each. Vallares’ four main partners, including former BP boss Tony Hayward, have also invested £100 million, the first £20 million of which will be forfeited if an acceptable investment is not made within two years.
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