Excerpts: Baronoff v. Kean Dev. Co Steven Baronoff and Mindy Baronoff, petitioners v. Kean Development Company, Inc. and American Arbitration Association, respondents On June 11, 2004, petitioners entered into a construction management agreement with respondent Kean Development Company, Inc., in which Kean agreed to manage and direct the renovation of petitioners’ residence in Lloyd Harbor. […]
Introduction Lehman Brothers Venture Partners V, L.P. is a $300 million venture capital investment partnership being formed and managed by Lehman Brothers Venture Partners. The Partnership will seek to achieve superior risk-adjusted returns through investments in venture-backed technology companies. LBVP intends to leverage the Lehman Brothers platform to source, evaluate and execute investments, as well
PSERS Recommends $75MM to Lehman Brothers Venture Partners V, L.P. Read More »
Overview Lehman Brothers Merchant Banking Partners IV L.P. (the “Partnership” or “Fund IV”) is a global private equity investment fund sponsored by Lehman Brothers Holdings Inc. (‘‘LBHI’’ and together with its affiliates, ‘‘Lehman Brothers’’ or the ‘‘Firm’’). Lehman Brothers Merchant Banking Associates IV L.P., an affiliate of LBHI, will be the general partner of the
PSERS Recommends $100MM to Lehman Brothers Merchant Banking Partners IV, L.P. Read More »
Excerpts: Private equity buys TXU in record deal Texas power company TXU Corp. TXU.N said on Monday it agreed to be acquired by a group led by private equity firms Kohlberg Kravis Roberts & Co. and Texas Pacific Group for $31.8 billion in the largest leveraged buyout in history. The previous leveraged buyout record was
Executive Summary Morgan Stanley is sponsoring Morgan Stanley Real Estate Fund VI International, L.P. (“MSREF VI International” or the “Fund”), a global opportunistic real estate private equity fund managed by its affiliate Morgan Stanley Real Estate Funds (“MSREF”). MSREF has managed eight predecessor funds with over $12 billion of aggregate equity commitments. It is the
PSERS Recommends $400MM to Morgan Stanley Real Estate Fund VI International, L.P. Read More »
It is with great enthusiasm that I recommend Deepak Moorjani to the Council on Foreign Relations. During my career, I have worked with a number of highly-talented young individuals. Deepak stands among the top in terms of his business skills, maturity and intellectual curiosity. I believe he has the right mix of talent, drive, and
Morgan Stanley’s John Langlois recommends Deepak Moorjani Read More »
Excerpt: Morgan Stanley Real Estate Raises $1.75 Billion for Fifth MSREF U.S. Fund Morgan Stanley Real Estate announced today that it has successfully concluded fundraising for Morgan Stanley Real Estate Fund (MSREF) V U.S. with $1.75 billion of equity commitments. MSREF V U.S. has already committed approximately 60% of its capital to these types of
Excerpts: Lehman Brothers: Can Convexity Be Exploited? Many investors believe that convexity is a desirable portfolio attribute. Whether the market moves up or down, high-convexity portfolios will always outperform low-convexity portfolios of equal duration and yield. It can be demonstrated mathematically that if we simply model the possible changes to the yield curve as the
Excerpts: Professor Donovan’s Magnificent Entanglements When the news began to circulate in early May that prosecutors had accused John Donovan Sr., the brilliant, fantastically wealthy entrepreneur and one-time MIT professor, of orchestrating his own shooting and then falsely reporting the episode as an attempted murder, the wonder, to the cluster of academics and executives stuck
Excerpts: Distressed debt: Gaining control of companies in crisis A growing market thus beckons for financial investors specializing in cases of capital reorganization. The objective of such investors is to gain control over a business enterprise requiring a capital reorganization to safeguard it against insolvency through a capital restructuring and by the implementation of a
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