Friday, April 8, 2016

Newt Becomes PEU

Former House Speaker Newt Gingrich is now a private equity underwriter (PEU) with JAM Capital Partners.  JAM needs Newt for the following reasons, according to the WSJ.

The firm said the former House speaker would help with raising a $100 million fund to invest in businesses in the southeastern region of the U.S.

Along with helping raise the new fund, Mr. Gingrich will work with the companies that JAM Capital plans to acquire and assist them with regulatory issues, said Mr. McCallum.
Fundraising and regulatory assistance are euphemisms for mobilizing connections and greasing hurdles.