Tuesday, 23 September 2014
Last updated 8 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.