Fund Management

Lehman Brothers is following the example of Golman Sachs, KKR and others in launching a fund that will pick up deal-related debt at a discount.

Isis Equity Partners, the UK mid-market buyout firm, has sold secure messaging company Boldon James to trade buyer Qinetiq, after securing contracts for the company with the UK Ministry of Defence and the UK Cabinet office.

Three weeks after The Carlyle Group announced its investment in Brazilian real estate developer Scopel, New Jersey-based Prudential Real Estate Investors has joined with Racional Engenharia to target investments in Brazil’s industrial property market.

The value of leveraged buyouts in Europe in quarter three fell by more than two-thirds while providing evidence that the mid-market continues to be an active source of deals.

Olympus Capital Holdings Asia has invested $28 million in a joint venture established with China-listed cement producer Sichuan Golden Summit.

Central and eastern European buyout firm Mid Europa Partners closed the largest-ever fund in the region on €1.53 billion, 40 percent oversubscribed.

CDC, the UK government-backed emerging markets fund of funds, has nearly quadrupled its allocations to microfinance - the provision of small loans to entrepreneurs in developing nations.

Sentinel Capital Partners, unhampered by the credit crunch, is continuing a fast-paced year. This week the firm acquired one auto parts supplier and sold another.

The UK Chancellor has increased the tax burden on the country's beleaguered buyout executives. But his move is carefully calculated to keep the industry in London, writes Nicholas Lockley.

US bank Citi is considering backing a leveraged loan debt vehicle set up by US buyout firm Kohlberg Kravis Roberts to take advantage of the $300 billion leveraged loan backlog.