Wednesday, 1 October 2014
Last updated 13 hours ago
Jun 15 2007 | 1:10pm ET
Lehman Brothers has raised $1.5 billion for Lehman Crossroads Fund XVIII, a private equity fund of funds. The new global fund will invest in leveraged buyout, venture capital and special situations funds in the United States, Europe and Asia.
According to Lehman, the Crossroads Fund includes more than $130 million from Lehman Brothers and its employees. It has already committed to more than 50 p.e. funds and will also commit up to 20% of its capital to co-investment transactions alongside p.e. firms as well as acquire p.e. fund interests in the secondary market.
The new offering brings Lehman’s total p.e. funds under management to approximately $19 billion. Lehman Brothers’ p.e. business, which started in 1984, consists of 16 different fund strategies across six asset classes: merchant banking, venture capital, real estate, fund-of-funds, credit and infrastructure.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...