"We acquired Haynes in January and our interest in Inco dates back to then, " said Glenn Hutchins, senior managing director of Blackstone Capital Partners II Merchant Banking Fund.
32.
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.
33.
"We acquired Haynes in January and our interest in Inco dates back to then, " said Glenn Hutchins, senior managing director of the company's Blackstone Capital Partners II Merchant Banking Fund.
34.
"We are rapidly approaching some of the silliness of the late 1980s, " warned Steven J . Berger, who heads a new $ 2 billion merchant banking fund for Lehman Brothers.
35.
CommNet Cellular Inc . agreed to sell a majority stake to Blackstone Capital Partners Merchant Banking Fund for $ 36 a share in cash, or $ 718 million including assumed debt.
36.
Shareholders must vote on the proposal, in which they can accept cash or stock in a new company called AV Acquisition Corp . formed by Blackstone Capital Partners Merchant Banking Fund.
37.
Lehman raised $ 1.3 billion for its first merchant banking fund in 1989 . Since then, Lehman and other investors in the fund earned 40 percent a year on 13 investments.
38.
AMI, which was 70 percent-owned by Lehman Brothers Inc .'s merchant banking funds, went up for sale when the Lehman funds sold their holdings, AMI Chairman and Chief Executive Alan Kosloff said.
39.
The merchant banking funds will invest in companies in the U . S . and abroad, taking mainly majority positions in their stocks and by lending money for short and long-term purposes.
40.
It's a partner in a South African investment bank, DLJ Pleiade Investment Corp ., that last week raised 400 million rand ( US $ 85 million ) for a merchant banking fund.
