Wednesday, May 26, 2004

TheDeal.com - CSFB to add to PE secondaries: "

Less than a year after it closed on a $1.9 billion fund for private equity investments in the secondary market, Credit Suisse First Boston plans to raise another $1.85 billion later this year.
This time, however, CSFB Strategic Partners, the CSFB team that purchases partnership interests in the secondary market, will target venture capital investments, which its past funds had avoided as too risky.
In the fourth quarter, CSFB Strategic Partners III LP will raise a $150 million pool for VC holdings, alongside a $1.5 billion fund for buyout portfolios and a $200 million fund for real estate. "

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