Or private placements in some way.

Essentially these were private equity sales.

An ongoing free press investigation turned the attention to who owns the voting machine companies.

little bit more reward than senior, but they have less risk than this equity tranche.

And we covered that a couple of videos ago.

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Grandfather, the clinic, the foundation,

That's what I'm going to talk about here

Let's continue with the story of

So what happens?

But definitely until about 2006.

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Take a look at these.

like electricity and water.

You don't want to insult your buddy.

But not on the job!

But let's say that that's not on the table anymore either.

But that probably had you asking

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I think this is a problem.

Let's say some of these borrowers start defaulting.

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So, in the first video,

And a closed end fund

But I am seeing in the major funders, in CARE, Rockefeller,

And it was that that whole philosophy that encouraged me to start my current endeavor called Acumen Fund, which is trying to build some mini blueprints for how we might do that in water, health and housing in Pakistan, India, Kenya, Tanzania and Egypt.

A tranche is just a bucket, if you will, of the asset.

You set the channel mode to'private '.

Outside, the adventure continues with your own private terrace.

If some wants to invest in a fund the fund will sell them the share so they're always dealing with the fund itself in a closed end fund once the fund is created it's share pool is fixed and if someone wants to buy or sell a share it happens in the secondary market so they're buying and selling from each other they're not dealing with the actual fund manager

So I use it essentially just to build a big vault, right?

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There were big health innovation funds

The company had to raise more money.

Every single Harvard employee is now automatically enrolled in a lifecycle fund.

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I was wondering why she didn't do anything after the wedding.

The disadvantage from the fund manager here is it's much less flexible in terms of growing or shrinking the fund

like a man and a woman, they just started doing it. Would that ever happen?

And I'll do a whole other video on that.

But you're like, no I want to sell them.