“Without subordinated debt, the total level of leverage will always be limited to the amount of senior debt that banks are willing to provide. This has acted as a natural restraint on company valuations and has meant Asia has generally managed to avoid the excesses seen in other markets.”
"“Mezzanine is still almost unused in East Africa, and outside of the financial experts’ circles, often unheard of,” said Christoph Evard, a specialist with DEG responsible for Africa investments."
"early stage venture capital... get to build your position in the company over time, sometimes over a very long (5-7 year) period. So this allows the venture investor to allocate capital to the investments in his/her portfolio based on the performance of those investments"
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