John Bolton is Looking for Money in South Korea
Look who is in Korea looking for money:
Questions have arisen from capital market observers as former U.S. National Security Adviser John Bolton revisited Korea this week in the capacity of the Rhone Group senior adviser and met with institutional investors here. (………..)
Market observers say Bolton’s latest trip showed the foreign midcap buyout firm has been anxious to utilize Korea’s liquidity for its fundraising.
Korea Times
Foreign news outlets have described Rhone as “low-profile,” because the size of its entire assets under management falls far short of the size of a single buyout fund managed by global PEFs.
Rhone managed assets worth 5 billion euros ($5.5 billion) as of the first half of 2019.
The fact that Bolton’s visit was made amid the spread of coronavirus across East Asia is also mentioned as evidence of Rhone’s desperation.
After the virus outbreak, financial firms have canceled their investor roadshows overseas and foreign investors have become reluctant to visit Korea and other East Asian countries.
You can read more at the link.
He’s desperate to raise money now that his trick on the Democrats to give him more publicity failed stir any further interest in his book.
Ah the Revolving Door insures the industry side properly compensates what the government side cannot.
Of course loyalties and priorities frequently align with the side that best compensates.
He’s meeting all the wrong people then.