Voters said they had been swayed by Mr Cartes' campaign promise to raise private capital to fund infrastructure and modernise state-owned companies.
The announcement that it will likely need to raise more capital to fund the LTE will make the balance sheet even less attractive.
Growth is a significant part of value creation and the primary motive behind an IPO is to raise more capital to fund further growth.
Last Friday, the stock declined by 20%, and then again this Monday by 8% after it announced plans to raise additional capital to fund the launch of its LTE service by mid-2012.
Capital transaction, Comverge believes it would be unable to raise the necessary capital to fund continuing operations, which would place existing stockholder investment in the company at significant risk.
FORBES: Take Under: Comverge Agrees To Go Private At $1.75/Shr
Citadel, another big hedge fund, opted to raise capital recently via the bond markets.
ECONOMIST: A battle is on for the spoils as secretive funds go public
Alibaba would raise a few billion dollars in additional capital to fund the purchase, these people said.
Brian Hunter, the gas trader, tried to raise money for another commodity fund, Solengo Capital, until he was sued by the Commodity Futures Trading Commission and named in an administrative action by the Federal Energy Regulatory Commission.
According to George Overholser of Non-Profit Finance Fund Capital Partners, who helped to raise the money, this is only the first of many private placements of donor capital for non-profits.
The new fund, called Silver Lake Waterman, will raise additional capital through the U.S. Small Business Administration.
FORBES: Silver Lake Plans $75M Debt Fund For Pre-IPO Tech Firms
The ability to sell assets to this fund will make it easier for banks to raise private capital, which will accelerate their ability to replace the capital investments provided by the Treasury.
In part that is because banks are keen to shed their fund-management arms, either because they need to raise capital or because they no longer see a business case for combining deposit-taking with portfolio management.
To spur lending to small businesses, the government established the Small Business Lending Fund as part of TARP. which was designed to raise capital for small banks so they could loan out this money to small businesses.
FORBES: Small Business Loans: A Great Option...Unless You Actually Need Money
Look for South River to raise a fund for China and word has it, possibly team up with David Yuan of Redpoint Capital on a RMB fund.
FORBES: Splitup at Kleiner China proves getting the right mix isn't easy
When well-performing venture capital-backed start-ups raise an additional round of capital, the valuation of the business is usually higher than it was at the previous fund raising round.
Three-quarters of U.S. start-ups expect to raise capital next year, according to a new survey, but many of them will find doors closing on the fund-raising trail as venture investors experience their own capital shortage.
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