Friday, June 22, 2018 4:57:42 PM
Article from Bloomberg Magazine:
It’s Billionaires at the Gate as Ultra-Rich Muscle In on Private Equity
In an era of hyper-affluence, JPMorgan and Credit Suisse cater to a super-exclusive class.
By Simone Foxman and Sonali Basak
June 11, 2018, 5:00 AM EDT
https://www.bloomberg.com/news/articles/2018-06-11/it-s-billionaires-at-the-gate-as-ultra-rich-muscle-in-on-private-equity
I thought this paragraph was 'interesting':
"Still, with so much money and influence at stake, bankers are pitching hard. Goldman Sachs Group Inc. has its own list of 60, counting among its clients the Reimann family’s JAB Holding Co. and the Koch brothers’ investment firm. JPMorgan, in addition to its initial 55, is watching several hundred families that are poised to enter this rarefied realm."
"JPMorgan, in addition to its initial 55, is watching several hundred families that are poised to enter this rarefied realm."
NOTE: "is watching several hundred families that are poised to enter this rarefied realm."
Are they (JPM) watching several hundred 'currently' wealthy families? OR, Is JPM expecting several hundred families to become wealthy in the near future?
Probably reading to much into it, but....?
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