Russian billionaire Dmitry Rybolovlev’s family trust won its bid to remove the manager of a bankrupt $2.5 billion venture capital fund it backed. The ruling reduces governance/control risk for the trust, but the underlying failure of the VC vehicle keeps the overall story credit- and performance-negative.
Russian billionaire Dmitry Rybolovlev’s family trust won its bid to remove the manager of a bankrupt $2.5 billion venture capital fund it backed. The ruling reduces governance/control risk for the trust, but the underlying failure of the VC vehicle keeps the overall story credit- and performance-negative.
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mildly negative
Sentiment Score
-0.20
