Groom wanted for PE fund...

The connection between matrimonial sites and private equity may look tenuous but not to the chairman of a financial institution that is looking to set up a private equity fund. The company recently advertised for a fund manager to set up the fund. Asked if the company already has some fund managers in mind, the chairman replied, “Do you instantly select the groom after you visit a matrimonial website? One has to see the profiles of a lot of prospective grooms and then decide whom to choose,” the chairman said. We will also go through each and every bidder who is interested and then take a call, he added.