QA: shopping for capital.Are there investment banks The following is a list of investment banks Financial conglomerates Large financial-services conglomerates combine commercial banking and investment banking, and sometimes insurance. that specialize in providing capital for minority media firms? How do we contact them? Are there limits to what they can provide? --D. Cason New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Finding capital is a major challenge for minority media firms. The large investment banks and institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. employ such high benchmarks that small, black-owned media companies aren't even on their radar screen. The good news is that there is a Viable option for raising the cash you need: private equity firms. These investment firms specialize in providing equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. in exchange for a share of ownership in the company. Equity financing allows a business to obtain funds without incurring debt, or without having to repay a specific amount of money at a particular time. So what's the best way to find the right private equity firm? The first place to start is www.blackenterprise.com. Use the search term "private equity" to access information in the archives and find firms on the BE INVESTMENT BANKS LIST. You can also contact the National Association of Investment Companies private equity firms Once you find several potential candidates, get the names of their last 10 clients and contact these customers for advice to help you find your way. Mail your small business questions to Savvy Savvy® Gynecology A contraceptive vaginal gel that ↓ transmission of STDs–eg, HIV, chlamydia, gonorrhea. See Contraceptive. Solutions BLACK ENTERPRISE 130 Fifth Ave., New York, NY 10011 or send an e-mail to johnsonj@blackenterprise.com. |
|
||||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion