Sunday, 29 November 2015
Last updated 1 day 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.
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…