Green Dot, best known for prepaid debit cards and banking services for Apple Cash and Walmart MoneyCard, announced in March it was exploring strategic alternatives.
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She previously served as vice president on the investor relations and fundraising team at Lindsay Goldberg.
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Herr advises limited partners on secondary transactions and structured liquidity solutions.
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JCOF III focuses on junior debt investments in U.S. middle-market companies backed by private equity sponsors.
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The shift reflects concerns that rising populist sentiment could lead to greater regulatory scrutiny of the industry’s influence and expanding business activities.
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