This is a nexus of private-equity and hedge funds, money-market funds and auction-rate securities, non-banks such as GE Capital and new securities such as CDOs and credit-default swaps.

“影子银行业系统”是一种由私募股权、对冲基金、货币市场基金以及拍卖利率证券，外加诸如通用电气资本等非银行机构和债务抵押证券、信用违约掉期等新型证券所组成的网络。

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According to George Overholser of Non-Profit Finance Fund Capital Partners, who helped to raise the money, this is only the first of many private placements of donor capital for non-profits.

ECONOMIST: Virtue's intermediaries

No doubt there is one, but this isn't due to money being too expensive as much as it's the result of capital flowing to non-productive, hard assets that tend to perform best when money is losing value.

FORBES: Dispelling long-held misconceptions

This includes money given to the Charter School Growth Fund, a non-profit venture capital fund, to which another billionaire, Gap co-founder Doris Fisher, has also contributed.

FORBES: Walton Family Joins Oprah, Gates in Backing Charter Schools