Flowers Raises $2.5B Financials Buyout Fund

Sep 29 2008 | 9:04am ET

Private equity firm J.C. Flowers & Co. has raised a $2.5 billion buyout fund to invest in banks and financial firms battered by the Wall Street crisis.

The New York-based firm finished a first round of fundraising this month, and may raise additional capital if needed, Bloomberg News reports. Flowers last month won approval to buy the nationally-chartered First National Bank of Cainesville, Mo., which he said he may use to buy “troubled of failed depository institutions.”

Flowers has considered making investments in at least two financial firms this year, advising Bank of America on its purchase of Merrill Lynch, as well as trying to invest in insurer American International Group before its bailout by the government this month.


In Depth

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.