Friday, 22 August 2014
Last updated 14 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 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…