Monday, 30 November 2015
Last updated 2 days ago
Jun 11 2007 | 9:08am ET
Lehman Brothers has raised approximately $3.3 billion for Lehman Brothers Merchant Banking Partners IV, a global fund focused on control and significant minority stakes in small- to mid-cap companies. The fund includes approximately €920 million ($1.2 billion) dedicated to investments in Europe.
Fund IV seeks to invest in companies in the United States, Europe and Asia “with strong fundamentals, favorable growth prospects and positive cash flow.”
“European and Middle Eastern investors account for approximately one-third of the total capital of Fund IV, which reflects the increased importance of European private equity deals within our global platform,” says Vittorio Pignatti Morano, vice chairman and head of European Private Equity for Lehman Brothers.
The new fund, which includes $500 million from Lehman Brothers and its employees, is the latest in a series of private equity funds the firm has been raising and brings total p.e. funds now under management to approximately $18 billion.
Lehman Brothers’ Private Equity business consists of 16 different fund strategies across six asset classes: merchant banking, venture capital, real estate, fund-of funds, credit and infrastructure.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…