Question

Tracy Lefteroff is the global managing partner for PricewaterhouseCoopers. She said that her company is eager to invest in newly created biotech companies because the U.S. has an aging population that will need new medications and treatments. What kind of equity capital would Lefteroff be likely to provide

Answer 1

The kind of equity capital that Tracy Lefteroff is likely to provide to invest in newly created biotech companies is venture capital.

What is venture capital?

Venture capital is a kind of private equity financing that risk-taking investors provide to startup companies because of their potential for long-term growth.

Venture capital can be differentiated from other equity capital that is provided for publicly listed or trading companies.

Thus, the kind of equity capital that Tracy Lefteroff is likely to provide to invest in newly created biotech companies is venture capital.

Learn more about venture capital at https://brainly.com/question/19672360