Our Investment Management Division

Private Equity provides investment opportunities in privately negotiated transactions across a variety of asset classes to institutional and qualified individual investors.

Lehman Brothers has been an active and successful private equity investor since 1984. Since then, Lehman Brothers' investment partnerships have managed a number of private equity portfolios, with a significant amount of the Firm's and employees' capital invested alongside that of our clients.

Lehman Brothers creates funds and invests in asset classes where the Firm has strong capabilities, proprietary deal flow and an excellent reputation to offer uniquely attractive investment opportunities for institutional and individual investors.

Please note that recruiting for Private Equity is managed by the Investment Banking Division.

Private Equity business groups include:

Venture Capital
Venture Capital manages funds that focus on making investments in companies capable of turning innovative technology and management solutions into successful businesses, primarily in the technology and healthcare industries. Our primary investment focus is on mid- to later-stage privately held venture companies, as well as on growth investments in more mature operating businesses. We will make opportunistic investments in earlier stage companies with limited technology development risk.
Merchant Banking
Merchant Banking manages funds that seek significant long-term capital appreciation through direct investments in established operating companies. The funds invest in companies with sound business fundamentals, proven operating teams and a compelling business strategy or vision.
Real Estate
The Firm has a long and successful track record of advising, underwriting and investing in real estate. Our real estate funds make direct private equity and mezzanine debt investments in properties, real estate companies and service businesses ancillary to the real estate industry.
Credit Related Investments
Our Private Equity business includes two credit-related investment activities: European mezzanine debt and collateralized debt obligations (CDOs). These funds invest in securities with equity-like returns and attractive risk/return characteristics.
Private Funds Investments
The Private Funds Investments business provides opportunities to invest in third party funds through private equity fund of funds and secondary investment vehicles. The Fund of Funds group, which pioneered private equity fund-of-funds investing in the early 1980s, focuses on partnership fund-of-funds investing and direct or co-investments in privately held companies. The Secondary Fund Investments group seeks to purchase high-quality, seasoned private equity fund portfolios from investors desiring liquidity prior to the termination of those funds.
Private Fund Marketing Group
Our Private Fund Marketing professionals focus exclusively on raising capital for private equity sponsors. By concentrating on a limited number of high-quality general partners, the group provides access to a well-diversified, institutional limited partner base.