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Lehman to Spin Off $4.5B Private Equity Arm

A strategy of hold and manage, rather than sell into weakness, has emerged

By Clay Dillow, Newser Staff

Posted Jan 9, 2009 8:29 AM CST

(Newser) – Lehman Brothers, bleeding out but not quite dead, will spin out its private equity arm into an independent firm, which will take on new investment from a South African billionaire investor, the Wall Street Journal reports. The Lehman estate will retain a small interest in... Read full story »

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Lehman to Spin Off $4.5B Private Equity Arm

A strategy of hold and manage, rather than sell into weakness, has emerged

private equity • bankruptcy • Lehman Brothers • retirement fund • spin-off • financial crisis

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More Newser Stories

Lehman Weighs Spinning Off $45B in Assets

In the most sweeping bankruptcy action yet, assets will become separate unit

Lehman Lives on— and It's Getting Bigger

Financial giants refuse to die, Steven Davidoff explains

Lehman Post Mortem Bares Shady Tricks

Execs may land in court for disguising bad investments

Bankrupt Lehman Stock Booms in Long-Shot Trading

Bankrupt company jumps sixfold in 'lottery ticket' deals

Sloppy Lehman Bankruptcy Killed Billions in Value

Speedy process leaves creditors hanging

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