Cash-rich investors ‘cherry-pick’ the best assets in equity and debt

Private placements are as much a feature of the debt market as they are the equity market. During the height of the financial crisis legendary investor Warren Buffett and a number of sovereign wealth funds provided chunky capital injections to prop up the banking sector through the private placement of shares.

Perhaps the most notable of these was the $10bn (€7.1bn) Goldman Sachs raised privately in September 2008 from Buffett's Berkshire Hathaway and other investors.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump