Corporate America will lead the next round of deals with Iran.

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Behrad Nakhai

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Jul 29, 2015, 3:53:21 AM7/29/15
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Hedgies ready for business in Iran
Corporate America will lead the next round of deals with Iran. Just ask Hans Humes, the CEO of $1 billion hedge fund Greylock Capital, who believes the country is...
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Hedgies ready for business in Iran

July 19, 2015 | 8:46pm
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Hedgies ready for business in Iran
Iranian Foreign Minister Mohammad Javad Zarif Photo: Getty Images
Corporate America will lead the next round of deals with Iran.
Just ask Hans Humes, the CEO of $1 billion hedge fund Greylock Capital, who believes the country is ripe for American investment after he spent nine eye-opening days last month in the Islamic Republic.
“You can’t imagine a better business environment for Westerners coming in,” said Humes, ticking off the country’s attributes, including a highly educated, young population that is more wary of religion and enamored of all things Western.
US companies like Pizza Hut see the country — with 78 million people — as their next big market after sanctions are lifted, he added.
Western oil companies are reportedly primed to invest $100 billion to fix the country’s decrepit energy infrastructure, while car companies are gearing up to re-enter the country after being all but barred for decades.
Iran reached a historic agreement last week with six nations, led by the US, to limit its nuclear capabilities. Still, it could be two years before sanctions are finally eased, foreign investment begins and a capital market develops, Humes said.
Humes is known for being first on the ground into exotic emerging markets, typically buying distressed debt and then helping countries restructure it.
Iran isn’t quite ready for that. The hedgie tried unsuccessfully to get a meeting with the country’s top central banker — “just as a courtesy call” — and was detained briefly for his effort.
But that hasn’t dimmed his interest. “I’m not really chasing anything particular. It happens to be really cool, so I wanted to see what it was like,” he told The Post.
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