Business
The unholy alliance of Greensill and the growth hackers – The Australian Financial Review
Loans to Greensill’s venture capital backers, such as General Atlantic and Soft Bank, suggest a circular relationship built on hidden leverage. This is what happens…
This week The Wall Street Journal reported that General Atlantic got a $US350 million ($452 million) loan, which it used to fund the purchase of shares in a joint venture with Deutsche Boerse. Reports have also revealed that four Softbank portfolio companies were among the top 10 exposures of a Credit Suisse fund that extended finance to Greensill.
Given the related party nature it would be reasonable to ask questions about how, why and on what terms the loans were extended.
Softbank and other venture…
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