Nonsense from Chris Williams of National Commercial Bank (NCB) Capital Markets

While reading the Sunday edition of an online Jamaica newspaper, ‘The Jamaica Observer’, I came across an interesting headline and article: ‘Chris Williams: Region not ready for private equity funds’.

Statements that caught my attention were:

“Private equity and the whole venture fund concept have not worked and I don’t think the region is ready for it”

What does Chris Williams mean when he says it has not worked? Continue reading