YMCA

Chelsea vs. PSG, an awful match

Francois and I prepare YMCA for a €40M investment in Astorg's next fund, inshallah.

Astorg's offices on Berkeley Square in a 300 year old building and the conference room, where our meeting takes place, is hot. I turn the wall heater "off" only it is the building's server. 45 minutes later, a loud knock, and a technician informs us we have taken down the Internet. Classic.

The YMCA founded in London during the Industrial Revolution to provide a healthy Christian alternative to the taverns and the brothels. Today it's the Village People and 57 million beneficiaries from 125 national associations. In the US there are 830 YMCAs (including Berkeley where Moe was a Director and works out daily, 5AM) each providing an employee pension scheme totalling about $6bn in assets of which ca. 8% invested in private equity. Hence our meeting.