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Inspired by Bermuda’s unofficial national anthem, Bermuda Is Another World, the Island’s Department of Tourism recently launched its new marketing slogan: So Much More. Bermuda’s offshore competitors in international finance might have once cynically suggested that this refers to the amount of time and cost required to establish an offshore vehicle in Bermuda, but actual experiences of sponsors and operators in recent years, particularly those in the private equity industry, have laid this notion firmly to rest.
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Private Equity in Bermuda – So Much More