Romney in the Cayman Islands

Romney’s individual retirement account included a stake valued at $5 million to $25 million in something called BCIP Trust Associates III in the Cayman Islands.


insider trading
assets
lmt entry

BCIP Trust Associates III related
Bain Capital (CC) X Offshore/L/P - SEC # 1440944 - 7/31/08
Bain Capital Fund IX LP - SEC # 1361064 - 11/14/11
Bain Capital Fund VIII-E/L/P - SEC # 1309465 - 11/14/11
Bain Capital Fund VIII/L/P - SEC # 1309468 - 11/14/11
Bain Capital Fund VIII/LLC - SEC # 1379474 - 12/21/10
Bain Capital Integral Investors II/L/P - SEC # 1389409 - 11/14/11
Bain Capital Investors LLC - SEC # 1040508 - 12/13/11
Bain Capital IX Coinvestment Fund LP - SEC # 1361640 - 11/14/11
Bain Capital Partners IX/L/P - SEC # 1486793 - 11/14/11
Bain Capital Partners VIII-E/L/P - SEC # 1309462 - 11/14/11
Bain Capital Partners VIII/L/P - SEC # 1309466 - 11/14/11
Bain Capital VIII Coinvestment Fund/L/P - SEC # 1309467 - 11/14/11
BCIP Associates III - SEC # 1379476 - 3/4/11
BCIP Associates III-B - SEC # 1379519 - 3/4/11
BCIP Associates III-B/LLC - SEC # 1379517 - 12/21/10
BCIP Associates III/LLC - SEC # 1379475 - 2/14/11
BCIP Associates-G - SEC # 1430079 - 12/13/11
BCIP Trust Associates III-B - SEC # 1379521 - 3/15/11
BCIPT Associates III-B/LLC - SEC # 1379516 - 12/16/10
BCIPT Associates III/LLC - SEC # 1379518 - 12/21/10
Sensata Investment Co S/C/A - SEC # 1486142 - 11/14/11
Sensata Management Co S/C/A - SEC # 1486718 - 11/14/11

A lot has been made about how Romney is invested in certain Bain Capital funds whose address is Cayman Islands instead of 200 Clarendon Street in Boston. It makes for great political soundbites, but is much ado about nothing. Almost all PE firms that raise money from overseas sources use such tax havens to protect their foreign investors from being double-taxed, and Romney's records should show that he didn't derive any personal gain from the Cayman mailboxes. .Dan Primack, SENIOR EDITOR, FORTUNE In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.


homes