Whither Bear Stearns' Private Equity Interests?

March 2008 | Top Stories

One of the issues yet to be dealt with surrounding the Bear Stearns rescue deal is the question of whether Bear can continue funding its commitments to its various buyout and venture capital funds. The bank is estimated to have made around US$2.4bn of these, a substantial proportion of which are related to its affiliate Bear Stearns Merchant Banking Partners. For instance, Bear committed US$500mn to BSMB's current buyout fund, the US$2.7bn Bear Stearns Merchant Banking Partners III, raised in 2006. The fund, which invests primarily in mid-sized companies, appears to have a significant amount of capital still to draw

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