Rattner's Involvement Affects Everyone

The ramifications of Steve Rattner's involvement in the New York kickback scandal have finally extended beyond the private equity world--this one goes "all the way to the top," as they say. As I try to wrap my mind around the potential ramifications of this development, I thought I'd share my list of who exactly Rattner's involvement, if proven, affects. Quadrangle Funds - This will surely affect the upcoming key-man vote on Quadrangle's second fund, a $2 billion pool closed in 2005. It had about 25% left to be deployed, and investors have had the option to rescind their remaining commitment since Rattner left his post at Quadrangle to be Obama's "car czar."

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