By Chris Coles, June17, 2005

Global Association of Billionaires and Millionaires (GABM) has just launched its $ 1 billion IBDF Private Equity Fund. The IBDF Private Equity Fund is according to Mr. Mark Paulsmeier, President of GABM, the first of a few capital funds GABM aims to establish to fund its international philanthropic activities in accordance with GABM's new business funding model.

The new GABM business funding model entails the establishment of capital funds on regular intervals in which only its associate members can invest capital. In terms of an agreement with its associate members, GABM will then receive 50 percent of all profits that are generated from these capital funds which will be utilized to fund GABM's philanthropic corporate activities.

Mr. Paulsmeier added that this unique and sustainable business funding model of GABM will allow the organization to seldom request capital grants from its associate members to fund its operations as is usually the case with similar organizations.

The IBDF Private Equity Fund will invest a minimum of $ 1 million in lucrative projects such as business start-ups, mergers & acquisitions, MBO's, MBI's, LBO's, IPO's, corporate restructurings, property developments, business development and commodity trading transactions all over the world.