It also has its main $ 1 billion merchant banking fund and $ 1 . 25 billion bridge fund that provides short-term loans to companies.
22.
Earlier this month, DLJ's merchant banking fund invested $ 13.5 million in Ceramica Zanon S . A ., an Argentina ceramic tile and sanitary ware producer.
23.
"Financial turbulence in the first half of 1998 was associated with a massive withdrawal of international banking funds from emerging countries in Asia, " it said.
24.
So far, only about $ 100 million of the $ 1 . 3 billion fund, The Blackstone Capital Partners II Merchant Banking Fund, has been invested.
25.
About 10 of Lehman's 13 investments in its first merchant banking fund, which closed in 1989, came from the firm's broad network of business contacts, he said.
26.
Merchant banking funds raised a record $ 32 billion last year, Berger said, and investors are expected to pour $ 50 billion into such funds this year.
27.
The new fund is a successor to DLJ's first merchant banking fund, DLJ Merchant Banking Partners I, which was formed in 1992 and totaled $ 1 billion.
28.
Lehman raised $ 1.3 billion for its first merchant banking fund in 1989 . Since then, that fund has earned about 39 percent a year on 13 investments.
29.
The firm began collecting assets for five new merchant banking funds late last year, beginning the process of raising about $ 3 billion from institutions and wealthy individuals.
30.
Earlier this month, DLJ's merchant banking fund invested $ 13 . 5 million in Ceramica Zanon S . A ., an Argentina ceramic tile and sanitary ware producer.
