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Andrew T. Gillies is Director of Communications at the Center for Audit Quality, an affiliate of the American Institute of CPAs, in Washington, DC. Based in Washington since 2002, he has also worked in editorial and communications roles at the Investment Company Institute, the World Bank, Forbes, and Vault.com. His policy-themed writing has focused on aerospace and defense, energy and environment, transportation, and financial services.

Tuesday, December 05, 2006

Spinning Red Tape Into Gold

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.
Full story at Forbes.com