HedgeCo.Net — This week’s dollars look interchangeable if you only add them. They are not. One stack is a capital solution: chip debt, a minority stake beside an operating majority, or a structured book that leaves control where it was. Another stack is closed-end PE/VC capacity or take-private control equity. Do not fold the first into the same dry-powder number as the second.
Structured debt and corporate solutions printed first. A group of 10 banks lined up about $22 billion of chip financing...
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