Sunday, November 6, 2011

Hong Kong Hot for PEUs

WSJ reported private equity underwriters would gather en masse for the Asian Venture Capital Journal's Private Equity and Venture Forum in Hong Kong.

The list of keynote speakers is pretty impressive: Mr. Coulter; John Connaughton, managing director of Bain Capital; Howard Marks, chairman of Oaktree; Christopher Flowers, chairman of J C Flowers & Co; Henry Kravis, co-chairman of Kohlberg Kravis Roberts & Co.; David Rubenstein, managing director of The Carlyle Group; and Providence Private Equity CEO Jonathan Nelson.

Nick Bloy, managing director at Malaysia-based private-equity company Navis Capital Partners. “So understandably, practically every private-equity investor that one might wish to meet, or who wishes to meet you, is at the AVCJ Forum.”

Who wants to meet Christopher Flowers who helped turn MF Global from a staid investment banker into a dice roller, now bankrupt?  How about Henry Kravis, who siphoned $4.25 billion from HCA in special dividends before HCA's IPO?  Would they line up to meet David Rubenstein, co-founder of the virtual nonprofit Carlyle Group, which distributed nearly $15 billion to investors in 2011?

Recall China's the new financial threat, according to The Carlyle Group's Frances A. Finelli.  PEUs are their trainers in future financial terror.  Despite this fact, there will be no drone missile attack in Hong Kong. 

PEUs own politicians giving orders on who to summarily execute.  Captive militaries and homeland securities would rush to protect this crowd.