Spinning Red Tape Into Gold
Posted: December 5, 2006 Filed under: Investing, Washington Leave a comment »WASHINGTON, D.C. – For a D.C.-area private equity shop, Valhalla Partners goes light on the public sector experience. Among these VCs, you won’t find any former cabinet officials or intelligence big wigs looking to trade on a fat Washington rolodex. Nor do they sound all that enthusiastic about investing in companies catering to the federal government or its big contractors.
“Government is capricious,” says Arthur Marks, a Valhalla co-founder and general partner.
Yet there’s no aversion at the Vienna, Va.-based outfit, which has $440 million under management, to making money off opportunities that the government creates, namely through red tape.
